10,827 Shares in Edison International (NYSE:EIX) Purchased by San Luis Wealth Advisors LLC

San Luis Wealth Advisors LLC acquired a new position in shares of Edison International (NYSE:EIX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,827 shares of the utilities provider's stock, valued at approximately $638,000.

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in Edison International in the 4th quarter valued at $33,000. Bellwether Advisors LLC purchased a new stake in shares of Edison International in the fourth quarter valued at about $34,000. Rakuten Securities Inc. lifted its position in shares of Edison International by 4,633.3% during the first quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 417 shares in the last quarter. OFI Invest Asset Management purchased a new position in Edison International during the fourth quarter worth about $38,000. Finally, SBI Securities Co. Ltd. purchased a new position in Edison International during the fourth quarter worth about $44,000. Institutional investors own 88.95% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a research note on Monday, May 19th. Barclays increased their price target on Edison International from $64.00 to $67.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Morgan Stanley dropped their price target on Edison International from $52.00 to $51.00 and set an "underweight" rating on the stock in a report on Wednesday. The Goldman Sachs Group reduced their price objective on Edison International from $88.00 to $68.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Finally, Wells Fargo & Company decreased their target price on Edison International from $94.00 to $75.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $76.82.

Edison International Stock Performance

Edison International stock traded up $1.31 during midday trading on Thursday, reaching $50.51. The stock had a trading volume of 4,641,440 shares, compared to its average volume of 3,221,776. The firm has a market capitalization of $19.43 billion, a PE ratio of 7.16, a P/E/G ratio of 1.16 and a beta of 0.78. Edison International has a 12 month low of $47.73 and a 12 month high of $88.77. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 2.06. The firm's 50-day moving average price is $55.27 and its 200 day moving average price is $60.46.

Edison International (NYSE:EIX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.16. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $4.29 billion. Edison International had a net margin of 16.84% and a return on equity of 13.21%. The company's quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.13 earnings per share. As a group, research analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

About Edison International

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.