Jones Collombin Investment Counsel Inc raised its stake in shares of Edison International (NYSE:EIX) by 104.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,570 shares of the utilities provider’s stock after buying an additional 1,825 shares during the period. Jones Collombin Investment Counsel Inc’s holdings in Edison International were worth $279,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of EIX. Guardian Life Insurance Co. of America raised its position in shares of Edison International by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,256 shares of the utilities provider’s stock valued at $100,000 after buying an additional 8 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Edison International by 41.7% in the first quarter. Parallel Advisors LLC now owns 2,517 shares of the utilities provider’s stock valued at $198,000 after buying an additional 741 shares during the last quarter. Wayne Hummer Investments L.L.C. acquired a new position in shares of Edison International during the first quarter valued at about $200,000. Gofen & Glossberg LLC IL acquired a new position in shares of Edison International during the first quarter valued at about $201,000. Finally, Bailard Inc. acquired a new position in shares of Edison International during the first quarter valued at about $201,000. Institutional investors own 81.85% of the company’s stock.

Edison International (NYSE:EIX) opened at 79.67 on Friday. The firm has a market capitalization of $25.96 billion, a P/E ratio of 18.84 and a beta of 0.22. The firm’s 50-day moving average price is $78.42 and its 200 day moving average price is $78.60. Edison International has a one year low of $67.44 and a one year high of $82.82.

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

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Several equities research analysts recently weighed in on EIX shares. Zacks Investment Research raised Edison International from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Thursday, July 6th. Mizuho reissued a “buy” rating and set a $91.50 price objective on shares of Edison International in a report on Wednesday, April 19th. Jefferies Group LLC raised Edison International from a “hold” rating to a “buy” rating in a report on Friday. Barclays PLC reissued an “equal weight” rating and set a $84.00 price objective (up previously from $78.00) on shares of Edison International in a report on Sunday, April 23rd. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Edison International in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Edison International presently has an average rating of “Hold” and a consensus target price of $83.96.

In other Edison International 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 transaction of $2,052,859.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the director now owns 2,500 shares of the company’s stock, valued at $204,175. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,035 shares of company stock valued at $2,460,285. 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.

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

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