SG Americas Securities LLC Buys 40,588 Shares of Edison International (NYSE:EIX)

SG Americas Securities LLC grew its stake in Edison International (NYSE:EIX - Free Report) by 611.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,226 shares of the utilities provider's stock after purchasing an additional 40,588 shares during the period. SG Americas Securities LLC's holdings in Edison International were worth $2,783,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of EIX. Charles Schwab Investment Management Inc. grew its position in Edison International by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,416,770 shares of the utilities provider's stock worth $192,955,000 after acquiring an additional 76,654 shares during the last quarter. Tounjian Advisory Partners LLC bought a new stake in Edison International during the 1st quarter worth approximately $1,151,000. GAMMA Investing LLC grew its position in Edison International by 4,157.4% during the 1st quarter. GAMMA Investing LLC now owns 145,179 shares of the utilities provider's stock worth $8,554,000 after acquiring an additional 141,769 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Edison International during the 4th quarter worth approximately $6,859,000. Finally, RWC Asset Management LLP grew its position in Edison International by 207.1% during the 4th quarter. RWC Asset Management LLP now owns 398,812 shares of the utilities provider's stock worth $31,841,000 after acquiring an additional 268,951 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EIX has been the topic of a number of research analyst reports. Barclays increased their price target on Edison International from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. UBS Group raised Edison International from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $69.00 to $65.00 in a 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 report on Monday, May 19th. 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 report on Tuesday, March 4th. Finally, Mizuho reduced their price objective on Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Edison International has an average rating of "Moderate Buy" and a consensus target price of $76.89.

Edison International Stock Down 4.2%

EIX stock traded down $2.10 during trading hours on Friday, reaching $48.27. 6,041,783 shares of the stock were exchanged, compared to its average volume of 3,191,725. The firm's 50-day moving average is $55.60 and its 200-day moving average is $61.07. The company has a market cap of $18.57 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 1.07 and a beta of 0.78. 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 has a 12 month low of $47.86 and a 12 month high of $88.77.

Edison International (NYSE:EIX - Get Free Report) last released its earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.16. The firm had revenue of $3.81 billion during 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%. The company's revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.13 EPS. On average, equities research analysts expect that Edison International will post 4.95 earnings per share for the current 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.