Edison International VP Sells $5,794,209 in Stock (EIX)
Edison International (NYSE:EIX) VP Robert L. Adler sold 100,962 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $57.39, for a total transaction of $5,794,209.18. Following the completion of the sale, the vice president now directly owns 19,160 shares of the company’s stock, valued at approximately $1,099,592. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Edison International in a research note on Monday, July 28th. They now have a $59.00 price target on the stock. Separately, analysts at Argus upgraded shares of Edison International from a “hold” rating to a “buy” rating in a research note on Friday, July 25th. They now have a $65.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at CRT Capital reiterated a “fairly valued” rating on shares of Edison International in a research note on Monday, July 21st. They now have a $60.00 price target on the stock, up previously from $57.00. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $59.91.
Shares of Edison International (NYSE:EIX) traded up 0.34% on Wednesday, hitting $58.62. 625,290 shares of the company’s stock traded hands. Edison International has a one year low of $44.26 and a one year high of $58.56. The stock has a 50-day moving average of $56.58 and a 200-day moving average of $54.79. The company has a market cap of $19.099 billion and a P/E ratio of 13.25.
Edison International (NYSE:EIX) last announced its earnings results on Thursday, July 31st. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.30. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts predict that Edison International will post $3.87 earnings per share for the current fiscal year.
Edison International, is a holding company of Southern California Edison Company (NYSE:EIX).
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