Rhumbline Advisers increased its position in Edison International (NYSE:EIX) by 1.4% during the second quarter, Holdings Channel reports. The fund owned 591,414 shares of the utilities provider’s stock after buying an additional 8,143 shares during the period. Rhumbline Advisers’ holdings in Edison International were worth $46,243,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CENTRAL TRUST Co increased its position in shares of Edison International by 2.4% in the first quarter. CENTRAL TRUST Co now owns 2,986 shares of the utilities provider’s stock worth $237,000 after buying an additional 70 shares during the last quarter. Raymond James Trust N.A. increased its position in shares of Edison International by 5.7% in the first quarter. Raymond James Trust N.A. now owns 4,907 shares of the utilities provider’s stock worth $390,000 after buying an additional 263 shares during the last quarter. Gulf International Bank UK Ltd increased its position in shares of Edison International by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 101,077 shares of the utilities provider’s stock worth $8,046,000 after buying an additional 1,250 shares during the last quarter. National Pension Service increased its position in shares of Edison International by 2.8% in the first quarter. National Pension Service now owns 260,601 shares of the utilities provider’s stock worth $20,715,000 after buying an additional 7,055 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Edison International by 3.3% in the first quarter. Bank of Montreal Can now owns 544,727 shares of the utilities provider’s stock worth $43,367,000 after buying an additional 17,237 shares during the last quarter. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Shares of Edison International (EIX) opened at 79.53 on Friday. Edison International has a one year low of $67.44 and a one year high of $82.82. The stock has a 50 day moving average price of $78.39 and a 200 day moving average price of $78.66. The firm has a market cap of $25.91 billion, a price-to-earnings ratio of 18.81 and a beta of 0.22.

Edison International (NYSE:EIX) last released its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.85 earnings per share for the quarter, meeting 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 firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same period last year, the firm posted $0.85 EPS. The business’s revenue was up 6.8% on a year-over-year basis. On average, equities research analysts forecast that Edison International will post $4.24 EPS for the current year.

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EIX has been the subject of a number of recent research reports. Mizuho restated a “buy” rating and set a $91.50 price objective on shares of Edison International in a research note on Wednesday, April 19th. Barclays PLC restated an “equal weight” rating and set a $84.00 price objective (up from $78.00) on shares of Edison International in a research note on Sunday, April 23rd. Jefferies Group LLC restated a “hold” rating and set a $83.00 price objective (up from $80.00) on shares of Edison International in a research note on Tuesday, May 2nd. BMO Capital Markets restated an “outperform” rating and set a $85.00 price objective (up from $82.00) on shares of Edison International in a research note on Wednesday, May 3rd. Finally, Wolfe Research downgraded Edison International from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Edison International presently has an average rating of “Hold” and a consensus target price of $84.35.

In other Edison International news, insider Ronald L. Litzinger sold 26,035 shares of the stock in a transaction on Monday, May 15th. The stock was 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 SEC, which can be accessed through this hyperlink. Also, Director W Brett White sold 2,500 shares of the stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $81.67, for a total value of $204,175.00. Following the completion of the transaction, the director now owns 2,500 shares in the company, valued at $204,175. The disclosure for this sale can be found here. Insiders sold a total of 31,035 shares of company stock worth $2,460,285 over the last quarter. Corporate 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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