Pioneer Investment Management Inc. decreased its stake in shares of Edison International (NYSE:EIX) by 2.6% during the second quarter, Holdings Channel reports. The fund owned 315,880 shares of the utilities provider’s stock after selling 8,276 shares during the period. Pioneer Investment Management Inc.’s holdings in Edison International were worth $24,699,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of EIX. Vanguard Group Inc. boosted its position in Edison International by 4.8% in the first quarter. Vanguard Group Inc. now owns 26,875,989 shares of the utilities provider’s stock valued at $2,139,597,000 after buying an additional 1,239,752 shares during the last quarter. BlackRock Inc. boosted its position in Edison International by 2,416.6% in the first quarter. BlackRock Inc. now owns 24,389,198 shares of the utilities provider’s stock valued at $1,941,622,000 after buying an additional 23,420,049 shares during the last quarter. Alliancebernstein L.P. boosted its position in Edison International by 6.1% in the first quarter. Alliancebernstein L.P. now owns 5,733,802 shares of the utilities provider’s stock valued at $456,468,000 after buying an additional 330,071 shares during the last quarter. Geode Capital Management LLC boosted its position in Edison International by 9.0% in the first quarter. Geode Capital Management LLC now owns 3,180,637 shares of the utilities provider’s stock valued at $252,849,000 after buying an additional 262,165 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Edison International by 27.9% in the first quarter. Renaissance Technologies LLC now owns 2,991,000 shares of the utilities provider’s stock valued at $238,114,000 after buying an additional 653,100 shares during the last quarter. 81.85% of the stock is owned by institutional investors.

Shares of Edison International (NYSE EIX) opened at 79.45 on Thursday. Edison International has a 12-month low of $67.44 and a 12-month high of $82.82. The company has a market cap of $25.89 billion, a price-to-earnings ratio of 18.79 and a beta of 0.22. The stock has a 50 day moving average of $78.48 and a 200 day moving average of $78.60.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.85. Edison International had a net margin of 12.64% and a return on equity of 10.58%. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Edison International’s quarterly revenue was up 6.8% on a year-over-year basis. Equities research analysts predict that Edison International will post $4.24 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Edison International (NYSE:EIX) Shares Sold by Pioneer Investment Management Inc.” was first posted by Daily Political and is the property of of Daily Political. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/08/10/edison-international-nyseeix-shares-sold-by-pioneer-investment-management-inc.html.

Several equities analysts recently weighed in on EIX shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $83.00 target price (up from $80.00) on shares of Edison International in a research note on Tuesday, May 2nd. BidaskClub cut shares of Edison International from a “hold” rating to a “sell” rating in a research note on Sunday, June 25th. BMO Capital Markets reaffirmed an “outperform” rating and set a $85.00 target price (up from $82.00) on shares of Edison International in a research note on Wednesday, May 3rd. Zacks Investment Research cut shares of Edison International from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Edison International in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Edison International presently has a consensus rating of “Hold” and an average price target of $83.46.

In related news, insider Ronald L. Litzinger sold 26,035 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $78.85, for a total value of $2,052,859.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director W Brett White sold 2,500 shares of the company’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $81.67, for a total transaction of $204,175.00. Following the completion of the sale, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $204,175. The disclosure for this sale can be found here. Insiders sold 31,035 shares of company stock valued at $2,460,285 in the last three months. 0.41% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding EIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Edison International (NYSE:EIX).

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

Receive News & Ratings for Edison International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Edison International and related companies with MarketBeat.com's FREE daily email newsletter.