Rhumbline Advisers Grows Stock Position in Edison International (NYSE:EIX)

Rhumbline Advisers raised its position in Edison International (NYSE:EIX - Free Report) by 6.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 798,439 shares of the utilities provider's stock after acquiring an additional 50,538 shares during the period. Rhumbline Advisers owned about 0.21% of Edison International worth $47,044,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Bleakley Financial Group LLC raised its stake in shares of Edison International by 2.9% during the 4th quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider's stock worth $503,000 after purchasing an additional 176 shares in the last quarter. Whittier Trust Co. raised its stake in Edison International by 4.9% in the 4th quarter. Whittier Trust Co. now owns 4,295 shares of the utilities provider's stock valued at $343,000 after acquiring an additional 200 shares during the period. Vontobel Holding Ltd. grew its holdings in Edison International by 5.0% in the 4th 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 in the last quarter. FSB Premier Wealth Management Inc. grew its holdings in shares of Edison International by 5.2% during the 4th quarter. FSB Premier Wealth Management Inc. now owns 4,403 shares of the utilities provider's stock worth $352,000 after purchasing an additional 217 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Edison International by 0.4% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 54,673 shares of the utilities provider's stock worth $4,365,000 after purchasing an additional 218 shares in the last quarter. Institutional investors own 88.95% of the company's stock.

Edison International Trading Down 1.4%

Shares of EIX traded down $0.79 during mid-day trading on Thursday, reaching $53.58. 3,289,129 shares of the company's stock traded hands, compared to its average volume of 3,070,425. The stock has a market cap of $20.61 billion, a P/E ratio of 15.71, a P/E/G ratio of 1.07 and a beta of 0.77. The stock's 50-day moving average is $56.43 and its two-hundred day moving average is $62.98. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $3.81 billion for the quarter, compared to analysts' expectations of $4.29 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. Edison International's revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.13 earnings per share. Research analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

EIX has been the subject of several research reports. Wells Fargo & Company dropped 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. The Goldman Sachs Group decreased their price target on Edison International from $88.00 to $68.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Evercore ISI reaffirmed an "outperform" rating on shares of Edison International in a research report on Thursday, May 15th. Mizuho decreased their target price on Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Finally, Morgan Stanley set a $52.00 price objective on Edison International and gave the company an "underweight" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Edison International has a consensus 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.