Mackenzie Financial Corp Grows Position in Edison International (NYSE:EIX)

Mackenzie Financial Corp grew its position in shares of Edison International (NYSE:EIX - Free Report) by 12.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 421,012 shares of the utilities provider's stock after buying an additional 47,267 shares during the period. Mackenzie Financial Corp owned 0.11% of Edison International worth $33,614,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EIX. Toronto Dominion Bank increased its stake in Edison International by 16.3% in the 4th quarter. Toronto Dominion Bank now owns 210,362 shares of the utilities provider's stock worth $16,795,000 after acquiring an additional 29,446 shares during the last quarter. Strait & Sound Wealth Management LLC increased its stake in Edison International by 19.3% in the 4th quarter. Strait & Sound Wealth Management LLC now owns 6,944 shares of the utilities provider's stock worth $554,000 after acquiring an additional 1,121 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Edison International by 7.1% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 358,176 shares of the utilities provider's stock worth $28,597,000 after acquiring an additional 23,631 shares during the last quarter. Vise Technologies Inc. increased its stake in Edison International by 29.3% in the 4th quarter. Vise Technologies Inc. now owns 5,733 shares of the utilities provider's stock worth $458,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Pinkerton Retirement Specialists LLC increased its stake in Edison International by 1.9% in the 4th quarter. Pinkerton Retirement Specialists LLC now owns 60,498 shares of the utilities provider's stock worth $4,830,000 after acquiring an additional 1,118 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company's stock.

Edison International Trading Down 0.9%

NYSE EIX traded down $0.51 on Friday, hitting $55.37. The company's stock had a trading volume of 1,052,434 shares, compared to its average volume of 3,037,738. Edison International has a 52-week low of $49.06 and a 52-week high of $88.77. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. The company's 50-day simple moving average is $56.61 and its 200 day simple moving average is $63.74. The firm has a market cap of $21.30 billion, a P/E ratio of 16.20, a PEG ratio of 1.07 and a beta of 0.77.

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

Analyst Upgrades and Downgrades

EIX has been the topic of several recent research reports. Mizuho reduced their price objective on Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. UBS Group upgraded Edison International from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $69.00 to $65.00 in a research report on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price objective on Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a research report on Monday, May 19th. Barclays increased their price objective on Edison International from $64.00 to $67.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, The Goldman Sachs Group reduced their price objective on Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. 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's stock. According to data from MarketBeat.com, Edison International presently has an average rating of "Moderate Buy" and a consensus price target of $76.89.

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.