Edison International (NYSE:EIX) Shares Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC increased its stake in shares of Edison International (NYSE:EIX - Free Report) by 33.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,285 shares of the utilities provider's stock after buying an additional 6,329 shares during the quarter. CWA Asset Management Group LLC's holdings in Edison International were worth $1,490,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Whittier Trust Co. grew its holdings in shares of Edison International by 4.9% during the fourth quarter. Whittier Trust Co. now owns 4,295 shares of the utilities provider's stock valued at $343,000 after buying an additional 200 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Edison International by 5.0% during the fourth quarter. Vontobel Holding Ltd. now owns 4,579 shares of the utilities provider's stock valued at $366,000 after buying an additional 216 shares during the last quarter. FSB Premier Wealth Management Inc. boosted its holdings in Edison International by 5.2% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 4,403 shares of the utilities provider's stock valued at $352,000 after purchasing an additional 217 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Edison International by 0.4% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 54,673 shares of the utilities provider's stock valued at $4,365,000 after purchasing an additional 218 shares during the last quarter. Finally, KWB Wealth boosted its holdings in Edison International by 1.5% in the first quarter. KWB Wealth now owns 14,751 shares of the utilities provider's stock valued at $869,000 after purchasing an additional 218 shares during the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Mizuho lowered their price target on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. lowered their target price on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a research note on Monday, May 19th. The Goldman Sachs Group lowered their target price on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Morgan Stanley lowered their target price on shares of Edison International from $52.00 to $51.00 and set an "underweight" rating on the stock in a research note on Wednesday, June 18th. Finally, Wells Fargo & Company lowered their target price on shares of Edison International from $94.00 to $75.00 and set an "overweight" rating on the stock in a research note 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 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 price target of $76.82.

Edison International Price Performance

Shares of EIX traded up $0.50 during mid-day trading on Monday, hitting $50.15. 3,500,730 shares of the company were exchanged, compared to its average volume of 3,238,898. Edison International has a 1-year low of $47.73 and a 1-year high of $88.77. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.89 and a current ratio of 0.96. The company has a 50 day moving average of $54.90 and a 200-day moving average of $59.39. The stock has a market cap of $19.29 billion, a price-to-earnings ratio of 7.11, a price-to-earnings-growth ratio of 1.17 and a beta of 0.78.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.16. The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $4.29 billion. Edison International had a net margin of 16.84% and a return on equity of 13.21%. Edison International's quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.13 EPS. Analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International 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.