Victory Capital Management Inc. decreased its stake in shares of Edison International (NYSE:EIX) by 42.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,676 shares of the utilities provider’s stock after selling 35,382 shares during the quarter. Victory Capital Management Inc.’s holdings in Edison International were worth $3,099,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of EIX. Boston Partners increased its holdings in Edison International by 361.8% during the 1st quarter. Boston Partners now owns 4,929,511 shares of the utilities provider’s stock worth $313,813,000 after purchasing an additional 3,862,042 shares during the period. BlackRock Inc. increased its holdings in Edison International by 7.4% during the 4th quarter. BlackRock Inc. now owns 26,746,136 shares of the utilities provider’s stock worth $1,691,424,000 after purchasing an additional 1,832,822 shares during the period. Old Mutual Global Investors UK Ltd. increased its holdings in Edison International by 170.6% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 2,143,455 shares of the utilities provider’s stock worth $135,552,000 after purchasing an additional 1,351,336 shares during the period. Zimmer Partners LP increased its holdings in Edison International by 211.9% during the 4th quarter. Zimmer Partners LP now owns 1,871,200 shares of the utilities provider’s stock worth $118,335,000 after purchasing an additional 1,271,200 shares during the period. Finally, American Century Companies Inc. increased its holdings in Edison International by 14.8% during the 1st quarter. American Century Companies Inc. now owns 4,086,346 shares of the utilities provider’s stock worth $260,137,000 after purchasing an additional 526,694 shares during the period. Institutional investors own 81.78% of the company’s stock.

Several brokerages have weighed in on EIX. SunTrust Banks set a $71.00 price target on Edison International and gave the stock a “buy” rating in a report on Monday, February 12th. Guggenheim upgraded Edison International from a “neutral” rating to a “buy” rating in a report on Friday, February 23rd. ValuEngine downgraded Edison International from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. TheStreet downgraded Edison International from a “b-” rating to a “c” rating in a report on Thursday, February 22nd. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $70.00 price objective on shares of Edison International in a report on Wednesday, March 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $76.92.

Edison International opened at $62.98 on Friday, according to MarketBeat Ratings. Edison International has a one year low of $57.63 and a one year high of $83.38. The stock has a market capitalization of $20.52 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 2.71 and a beta of 0.12. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 0.96.

Edison International (NYSE:EIX) last released its quarterly earnings results on Tuesday, May 1st. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.11). The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Edison International had a return on equity of 10.22% and a net margin of 4.38%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. research analysts expect that Edison International will post 4.05 earnings per share for the current year.

Edison International Profile

Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.

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

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