Edison International (EIX) Position Increased by Aperio Group LLC

Aperio Group LLC increased its position in Edison International (NYSE:EIX) by 8.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 146,024 shares of the utilities provider’s stock after buying an additional 11,593 shares during the period. Aperio Group LLC’s holdings in Edison International were worth $11,418,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in EIX. Louisiana State Employees Retirement System raised its stake in Edison International by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 20,200 shares of the utilities provider’s stock worth $1,579,000 after buying an additional 200 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Edison International by 40.6% in the second quarter. Nisa Investment Advisors LLC now owns 47,405 shares of the utilities provider’s stock worth $3,717,000 after buying an additional 13,690 shares during the last quarter. LS Investment Advisors LLC raised its stake in Edison International by 3.3% in the second quarter. LS Investment Advisors LLC now owns 28,709 shares of the utilities provider’s stock worth $2,245,000 after buying an additional 911 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Edison International by 1.1% in the second quarter. Oregon Public Employees Retirement Fund now owns 85,324 shares of the utilities provider’s stock worth $6,671,000 after buying an additional 900 shares during the last quarter. Finally, CENTRAL TRUST Co raised its stake in Edison International by 0.7% in the second quarter. CENTRAL TRUST Co now owns 3,008 shares of the utilities provider’s stock worth $235,000 after buying an additional 22 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Shares of Edison International (EIX) traded down 0.09% during mid-day trading on Friday, reaching $78.94. 3,203,846 shares of the company traded hands. The firm’s 50 day moving average price is $78.45 and its 200-day moving average price is $78.93. Edison International has a 52-week low of $67.44 and a 52-week high of $82.82. The company has a market capitalization of $25.72 billion, a P/E ratio of 18.67 and a beta of 0.22.

Edison International (NYSE:EIX) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.85. Edison International had a return on equity of 10.58% and a net margin of 12.64%. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities analysts predict that Edison International will post $4.24 earnings per share for the current fiscal year.

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A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 target price on shares of Edison International in a report on Thursday. Jefferies Group LLC reaffirmed a “buy” rating on shares of Edison International in a report on Thursday. Morgan Stanley upped their price objective on shares of Edison International from $86.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. BidaskClub raised shares of Edison International from a “strong sell” rating to a “sell” rating in a report on Friday, August 4th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $84.00 price objective (down previously from $85.00) on shares of Edison International in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Edison International has an average rating of “Hold” and an average target price of $84.35.

In related news, insider Ronald L. Litzinger sold 224,715 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $80.54, for a total transaction of $18,098,546.10. Following the transaction, the insider now directly owns 14,121 shares of the company’s stock, valued at approximately $1,137,305.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Brett White sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $81.67, for a total value of $204,175.00. Following the transaction, the director now directly owns 2,500 shares in the company, valued at $204,175. The disclosure for this sale can be found here. Insiders have sold a total of 229,715 shares of company stock valued at $18,505,971 in the last quarter. Company insiders own 0.41% of the company’s stock.

Edison International Company Profile

Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.

Institutional Ownership by Quarter for Edison International (NYSE:EIX)

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