CX Institutional Makes New $199,000 Investment in Edison International (NYSE:EIX)

CX Institutional bought a new position in Edison International (NYSE:EIX) in the first quarter, HoldingsChannel.com reports. The fund bought 3,382 shares of the utilities provider’s stock, valued at approximately $199,000.

A number of other large investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC grew its position in shares of Edison International by 611.4% during the 1st quarter. SG Americas Securities LLC now owns 47,226 shares of the utilities provider’s stock valued at $2,783,000 after acquiring an additional 40,588 shares during the period. MADDEN SECURITIES Corp grew its position in shares of Edison International by 301.8% during the 1st quarter. MADDEN SECURITIES Corp now owns 56,550 shares of the utilities provider’s stock valued at $3,332,000 after acquiring an additional 42,475 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Edison International by 8.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 10,381 shares of the utilities provider’s stock valued at $612,000 after acquiring an additional 803 shares during the period. International Private Wealth Advisors LLC grew its position in shares of Edison International by 22.2% during the 1st quarter. International Private Wealth Advisors LLC now owns 5,546 shares of the utilities provider’s stock valued at $327,000 after acquiring an additional 1,009 shares during the period. Finally, Tounjian Advisory Partners LLC bought a new stake in shares of Edison International during the 1st quarter valued at $1,151,000. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Down 4.2%

EIX opened at $48.27 on Monday. The firm has a 50-day simple moving average of $55.60 and a two-hundred day simple moving average of $60.88. Edison International has a 52 week low of $47.86 and a 52 week high of $88.77. The company has a market capitalization of $18.57 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 1.07 and a beta of 0.78. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96.

Edison International (NYSE:EIX) last released its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.37 EPS for the quarter, beating the consensus estimate of $1.21 by $0.16. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the firm earned $1.13 EPS. The business’s revenue was down 6.5% on a year-over-year basis. Analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on EIX shares. Mizuho cut their price objective on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Wells Fargo & Company decreased their price target on Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. JPMorgan Chase & Co. decreased their price target on Edison International from $75.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday, May 19th. Barclays raised their price target on Edison International from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Finally, Morgan Stanley set a $52.00 price target on Edison International and gave the company an “underweight” rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $76.89.

Edison International Profile

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.