Edison International VP Robert L. Adler Sells 48,908 Shares (EIX)
Edison International (NYSE:EIX) VP Robert L. Adler unloaded 48,908 shares of the company’s stock on the open market in a transaction dated Monday, May 12th. The shares were sold at an average price of $54.99, for a total transaction of $2,689,450.92. Following the transaction, the vice president now directly owns 19,160 shares in the company, valued at approximately $1,053,608. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Edison International (NYSE:EIX) traded up 0.29% on Wednesday, hitting $55.11. 1,045,214 shares of the company’s stock traded hands. Edison International has a 52-week low of $44.26 and a 52-week high of $57.70. The stock’s 50-day moving average is $56.02 and its 200-day moving average is $50.34. The company has a market cap of $17.955 billion and a price-to-earnings ratio of 21.88.
Edison International (NYSE:EIX) last released its earnings data on Tuesday, April 29th. The company reported $0.90 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.82 by $0.08. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter last year, the company posted $0.77 earnings per share. Edison International’s revenue was up 11.2% compared to the same quarter last year. Analysts expect that Edison International will post $3.72 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Edison International from $52.00 to $59.00 in a research note on Friday, May 2nd. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Edison International in a research note on Thursday, May 1st. They now have a $59.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Edison International from $64.50 to $65.00 in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Edison International currently has a consensus rating of “Buy” and an average price target of $58.07.
Edison International, is a holding company of Southern California Edison Company (NYSE:EIX).
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