Edison International (NYSE:EIX) Shares Down 4.4% - Time to Sell?

Edison International (NYSE:EIX - Get Free Report) shares traded down 4.4% on Monday . The stock traded as low as $51.73 and last traded at $51.37. 1,139,543 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 3,083,458 shares. The stock had previously closed at $53.76.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. The Goldman Sachs Group reduced their price target on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Morgan Stanley set a $52.00 price target on Edison International and gave the stock an "underweight" rating in a research report on Thursday, May 22nd. Wolfe Research lowered Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday. JPMorgan Chase & Co. lowered their target price on Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a research note on Monday, May 19th. Finally, Wells Fargo & Company cut their price target on Edison International from $94.00 to $75.00 and set an "overweight" rating for the company in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $76.89.

Edison International Trading Down 1.8%

The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The firm has a market capitalization of $19.06 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 1.07 and a beta of 0.78. The business has a 50 day moving average of $55.86 and a 200 day moving average of $61.88.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.16. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $4.29 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. Edison International's revenue for the quarter was down 6.5% on a year-over-year basis. During the same period last year, the company posted $1.13 EPS. As a group, research analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EIX. Sierra Ocean LLC acquired a new stake in shares of Edison International during the fourth quarter worth $33,000. Bellwether Advisors LLC acquired a new position in Edison International during the fourth quarter worth $34,000. Rakuten Securities Inc. raised its holdings in shares of Edison International by 4,633.3% in the 1st quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 417 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Edison International in the first quarter valued at approximately $25,000. Finally, Investment Management Corp VA ADV lifted its holdings in Edison International by 159.6% during the 1st quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 265 shares during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Company Profile

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.