Stablepoint Partners LLC Has $4.20 Million Stake in Edison International (NYSE:EIX)

Stablepoint Partners LLC lifted its position in shares of Edison International (NYSE:EIX - Free Report) by 32.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,310 shares of the utilities provider's stock after purchasing an additional 17,335 shares during the period. Stablepoint Partners LLC's holdings in Edison International were worth $4,202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Bleakley Financial Group LLC raised its position in Edison International by 2.9% in the 4th quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider's stock valued at $503,000 after buying an additional 176 shares during the last quarter. Whittier Trust Co. raised its position 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 buying an additional 200 shares during the last quarter. Vontobel Holding Ltd. raised its position 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 during the last quarter. FSB Premier Wealth Management Inc. raised its position in Edison International by 5.2% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 4,403 shares of the utilities provider's stock valued at $352,000 after buying an additional 217 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in Edison International by 0.4% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 54,673 shares of the utilities provider's stock valued at $4,365,000 after buying an additional 218 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

Edison International Trading Down 1.4%

Shares of EIX opened at $53.58 on Friday. The business has a 50-day moving average of $56.32 and a 200 day moving average of $62.77. Edison International has a fifty-two week low of $49.06 and a fifty-two week high of $88.77. The firm has a market cap of $20.61 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 1.07 and a beta of 0.77. 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 announced 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 company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the firm posted $1.13 EPS. The firm's revenue for the quarter was down 6.5% on a year-over-year basis. As a group, research analysts forecast that Edison International will post 4.95 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wells Fargo & Company lowered their price target 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 lowered their price target on Edison International from $88.00 to $68.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Barclays upped their price objective on Edison International from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Mizuho reduced their price objective on Edison International from $75.00 to $66.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Finally, Evercore ISI restated an "outperform" rating on shares of Edison International in a research note on Thursday, May 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $76.89.

Edison International 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.

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