Mn Services Vermogensbeheer B.V. Cuts Stock Position in Edison International (NYSE:EIX)

Mn Services Vermogensbeheer B.V. reduced its holdings in shares of Edison International (NYSE:EIX - Free Report) by 7.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,800 shares of the utilities provider's stock after selling 10,700 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Edison International were worth $8,178,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of EIX. Empowered Funds LLC lifted its holdings in shares of Edison International by 35.5% during the fourth quarter. Empowered Funds LLC now owns 8,664 shares of the utilities provider's stock valued at $692,000 after purchasing an additional 2,272 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Edison International by 542.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 138,474 shares of the utilities provider's stock valued at $11,079,000 after buying an additional 116,935 shares during the last quarter. Vontobel Holding Ltd. raised its stake in 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. Allworth Financial LP raised its stake in Edison International by 40.2% during the fourth quarter. Allworth Financial LP now owns 18,555 shares of the utilities provider's stock valued at $1,481,000 after buying an additional 5,322 shares during the last quarter. Finally, Csenge Advisory Group raised its stake in Edison International by 47.3% during the fourth quarter. Csenge Advisory Group now owns 18,297 shares of the utilities provider's stock valued at $1,461,000 after buying an additional 5,874 shares during the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Stock Performance

Edison International stock traded up $1.31 during mid-day trading on Wednesday, reaching $50.51. 4,641,440 shares of the stock traded hands, compared to its average volume of 3,221,776. The stock has a market capitalization of $19.43 billion, a PE ratio of 7.16, a price-to-earnings-growth ratio of 1.16 and a beta of 0.78. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.96 and a quick ratio of 0.89. Edison International has a 12-month low of $47.73 and a 12-month high of $88.77. The business's 50-day moving average is $55.38 and its 200-day moving average is $60.53.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EIX shares. Evercore ISI reaffirmed an "outperform" rating on shares of Edison International in a research report on Thursday, May 15th. Wells Fargo & Company decreased their target price on shares of Edison International from $94.00 to $75.00 and set an "overweight" rating for the company in a report on Friday, February 28th. The Goldman Sachs Group decreased their target price on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Barclays boosted their price objective on shares of Edison International from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, 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 report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.82.

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.