Wealth Enhancement Advisory Services LLC Buys 32,393 Shares of Edison International (NYSE:EIX)

Wealth Enhancement Advisory Services LLC grew its stake in Edison International (NYSE:EIX - Free Report) by 159.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,692 shares of the utilities provider's stock after purchasing an additional 32,393 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Edison International were worth $4,207,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EIX. Sierra Ocean LLC purchased a new position in shares of Edison International during the fourth quarter valued at about $33,000. Bellwether Advisors LLC bought a new stake in Edison International during the 4th quarter valued at approximately $34,000. OFI Invest Asset Management purchased a new position in shares of Edison International during the 4th quarter worth approximately $38,000. SBI Securities Co. Ltd. bought a new position in shares of Edison International in the 4th quarter worth approximately $44,000. Finally, Mizuho Bank Ltd. bought a new position in shares of Edison International in the 4th quarter worth approximately $50,000. 88.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EIX shares. UBS Group raised Edison International from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $69.00 to $65.00 in a research note on Tuesday, February 18th. Mizuho reduced their target price on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Wells Fargo & Company decreased their price target on shares of Edison International from $94.00 to $75.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Morgan Stanley set a $52.00 price objective on shares of Edison International and gave the stock an "underweight" rating in a research note on Thursday, May 22nd. Finally, The Goldman Sachs Group cut their price objective on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Edison International has an average rating of "Moderate Buy" and an average target price of $76.89.

Edison International Stock Up 0.0%

Shares of EIX traded up $0.00 on Friday, hitting $53.64. 1,227,214 shares of the stock traded hands, compared to its average volume of 3,070,290. Edison International has a one year low of $49.06 and a one year high of $88.77. The company has a market capitalization of $20.64 billion, a PE ratio of 15.73, a P/E/G ratio of 1.07 and a beta of 0.78. The business has a 50 day simple moving average of $56.32 and a 200 day simple moving average of $62.77. 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 issued its earnings results on Tuesday, April 29th. The utilities provider reported $1.37 EPS for the quarter, beating the consensus estimate of $1.21 by $0.16. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $1.13 EPS. As a group, equities analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

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.