Czech National Bank Acquires 4,980 Shares of Edison International (NYSE:EIX)

Czech National Bank grew its position in shares of Edison International (NYSE:EIX - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,922 shares of the utilities provider's stock after acquiring an additional 4,980 shares during the period. Czech National Bank's holdings in Edison International were worth $5,239,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. abrdn plc raised its stake in shares of Edison International by 19.5% during the fourth quarter. abrdn plc now owns 1,695,182 shares of the utilities provider's stock valued at $134,335,000 after acquiring an additional 276,656 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Edison International by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,416,770 shares of the utilities provider's stock valued at $192,955,000 after buying an additional 76,654 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Edison International during the fourth quarter valued at about $6,859,000. Caprock Group LLC purchased a new position in shares of Edison International during the fourth quarter valued at about $565,000. Finally, RWC Asset Management LLP increased its position in shares of Edison International by 207.1% during the fourth quarter. RWC Asset Management LLP now owns 398,812 shares of the utilities provider's stock valued at $31,841,000 after buying an additional 268,951 shares during the period. 88.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. UBS Group upgraded shares of Edison International from a "neutral" rating to a "buy" rating and reduced their price target for the company from $69.00 to $65.00 in a research report on Tuesday, February 18th. Wells Fargo & Company reduced their price target on shares of Edison International from $94.00 to $75.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Morgan Stanley set a $52.00 price target on shares of Edison International and gave the company an "underweight" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. reduced their price target on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a research report on Monday, May 19th. Finally, Mizuho reduced their price target on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $76.89.

Edison International Stock Down 1.4%

Shares of EIX traded down $0.79 during trading hours on Thursday, hitting $53.58. The company had a trading volume of 3,289,129 shares, compared to its average volume of 3,070,425. The stock has a market capitalization of $20.61 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 1.07 and a beta of 0.77. The firm has a fifty day moving average price of $56.43 and a 200-day moving average price of $62.98. Edison International has a 52-week low of $49.06 and a 52-week high of $88.77. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88.

Edison International (NYSE:EIX - Get Free Report) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.16. The business had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $4.29 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The business's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.13 earnings per share. On average, equities research analysts forecast that Edison International will post 4.95 EPS for the current fiscal year.

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.