Edison International (NYSE:EIX) gapped up prior to trading on Friday . The stock had previously closed at $75.49, but opened at $75.50. Edison International shares last traded at $75.92, with a volume of 476,997 shares traded.

Several equities research analysts have recently issued reports on the company. BMO Capital Markets reaffirmed a “buy” rating on shares of Edison International in a report on Monday, May 2nd. Jefferies Group lifted their target price on Edison International from $66.00 to $72.00 and gave the stock a “hold” rating in a report on Tuesday, May 3rd. Deutsche Bank AG cut Edison International from a “buy” rating to a “hold” rating and lifted their target price for the stock from $67.00 to $71.00 in a report on Monday, April 18th. Zacks Investment Research raised Edison International from a “sell” rating to a “hold” rating in a report on Monday, July 11th. Finally, Citigroup Inc. lifted their target price on Edison International from $70.00 to $79.00 and gave the stock a “neutral” rating in a report on Wednesday, July 20th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Edison International has an average rating of “Hold” and a consensus target price of $77.29.

The stock’s 50 day moving average price is $76.68 and its 200 day moving average price is $71.19. The stock has a market capitalization of $24.71 billion and a PE ratio of 28.12.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by $0.12. The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the previous year, the business earned $1.16 earnings per share. Edison International’s quarterly revenue was down 4.5% on a year-over-year basis. Equities research analysts expect that Edison International will post $3.90 EPS for the current fiscal year.

In related news, SVP Gaddi H. Vasquez sold 6,842 shares of the company’s stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $73.84, for a total transaction of $505,213.28. Following the transaction, the senior vice president now owns 6,619 shares of the company’s stock, valued at $488,746.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ronald L. Litzinger sold 12,677 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $71.28, for a total transaction of $903,616.56. The disclosure for this sale can be found here.

Several institutional investors have recently made changes to their positions in EIX. BlackRock Advisors LLC increased its position in shares of Edison International by 43.1% in the fourth quarter. BlackRock Advisors LLC now owns 466,245 shares of the company’s stock valued at $27,607,000 after buying an additional 140,404 shares during the last quarter. Calvert Investment Management Inc. increased its position in shares of Edison International by 271.0% in the fourth quarter. Calvert Investment Management Inc. now owns 46,000 shares of the company’s stock valued at $2,724,000 after buying an additional 33,600 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Edison International during the fourth quarter valued at about $1,255,000. BNP Paribas Arbitrage SA increased its position in shares of Edison International by 18.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 79,960 shares of the company’s stock valued at $4,734,000 after buying an additional 12,307 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Edison International by 9.9% in the fourth quarter. Victory Capital Management Inc. now owns 70,430 shares of the company’s stock valued at $4,170,000 after buying an additional 6,368 shares during the last quarter.

Edison International is the parent holding company of Southern California Edison Company (SCE). SCE is engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. It is also the parent company of subsidiaries that are engaged in competitive businesses focused on providing energy services to commercial and industrial customers, including distributed resources, engaging in transmission opportunities, and exploring distributed water treatment and recycling.

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