Wealthfront Advisers LLC lessened its position in shares of Edison International (NYSE:EIX) by 5.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,199 shares of the utilities provider’s stock after selling 1,686 shares during the quarter. Wealthfront Advisers LLC’s holdings in Edison International were worth $1,808,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC lifted its stake in shares of Edison International by 9.5% during the first quarter. Parallel Advisors LLC now owns 2,067 shares of the utilities provider’s stock valued at $128,000 after acquiring an additional 179 shares during the period. Kaizen Advisory LLC lifted its stake in Edison International by 26.0% in the fourth quarter. Kaizen Advisory LLC now owns 892 shares of the utilities provider’s stock valued at $51,000 after buying an additional 184 shares during the period. Lindbrook Capital LLC lifted its stake in Edison International by 26.2% in the first quarter. Lindbrook Capital LLC now owns 896 shares of the utilities provider’s stock valued at $55,000 after buying an additional 186 shares during the period. Commonwealth Equity Services LLC lifted its stake in Edison International by 0.5% in the first quarter. Commonwealth Equity Services LLC now owns 41,996 shares of the utilities provider’s stock valued at $2,600,000 after buying an additional 198 shares during the period. Finally, Rehmann Capital Advisory Group lifted its stake in Edison International by 57.2% in the fourth quarter. Rehmann Capital Advisory Group now owns 547 shares of the utilities provider’s stock valued at $31,000 after buying an additional 199 shares during the period. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Shares of Edison International stock traded down $0.71 during trading hours on Wednesday, hitting $59.49. The company’s stock had a trading volume of 74,723 shares, compared to its average volume of 2,427,639. Edison International has a 12 month low of $45.50 and a 12 month high of $71.00. The company has a market capitalization of $20.41 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 2.41 and a beta of 0.04. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.74 and a quick ratio of 0.69.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.25). Edison International had a positive return on equity of 10.28% and a negative net margin of 1.94%. The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter last year, the company earned $0.80 earnings per share. The firm’s revenue was up 10.1% compared to the same quarter last year. On average, equities analysts anticipate that Edison International will post 4.72 EPS for the current fiscal year.

Several equities analysts have weighed in on EIX shares. Morgan Stanley increased their target price on Edison International from $76.00 to $79.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 12th. Bank of America raised Edison International from an “underperform” rating to a “neutral” rating and increased their target price for the company from $63.00 to $65.00 in a research note on Friday, March 1st. Mizuho increased their target price on Edison International from $57.00 to $66.50 and gave the company a “buy” rating in a research note on Thursday, March 14th. Barclays reissued a “hold” rating and issued a $65.00 target price on shares of Edison International in a research note on Friday, February 15th. Finally, UBS Group raised Edison International from a “neutral” rating to a “buy” rating and increased their target price for the company from $67.00 to $72.00 in a research note on Tuesday, June 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Edison International presently has an average rating of “Hold” and a consensus price target of $70.73.

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About Edison International

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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