Yousif Capital Management LLC Lowers Stake in Edison International (NYSE:EIX)

Yousif Capital Management LLC trimmed its position in shares of Edison International (NYSE:EIX - Free Report) by 12.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,670 shares of the utilities provider's stock after selling 8,352 shares during the period. Yousif Capital Management LLC's holdings in Edison International were worth $3,339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in Edison International by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,416,770 shares of the utilities provider's stock valued at $192,955,000 after buying an additional 76,654 shares during the last quarter. Tounjian Advisory Partners LLC bought a new position in Edison International during the 1st quarter worth about $1,151,000. GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 141,769 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Edison International in the 4th quarter valued at about $6,859,000. Finally, RWC Asset Management LLP lifted its stake in Edison International by 207.1% in the 4th quarter. RWC Asset Management LLP now owns 398,812 shares of the utilities provider's stock valued at $31,841,000 after purchasing an additional 268,951 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

Edison International Trading Down 4.2%

EIX traded down $2.10 during trading on Friday, hitting $48.27. 6,041,783 shares of the stock traded hands, compared to its average volume of 3,184,303. The firm has a market capitalization of $18.57 billion, a P/E ratio of 14.15, a price-to-earnings-growth 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. The firm has a 50-day moving average of $55.60 and a 200 day moving average of $61.26. 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 announced its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.16. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The business had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same quarter in the prior year, the company posted $1.13 EPS. The firm's revenue for the quarter was down 6.5% compared to the same quarter last year. Equities research analysts anticipate that Edison International will post 4.95 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. UBS Group raised shares of Edison International from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $69.00 to $65.00 in a report on Tuesday, February 18th. Barclays boosted their target price on shares of Edison International from $64.00 to $67.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. 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 research report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their price objective on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a research report on Monday, May 19th. Finally, Wolfe Research cut shares of Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $76.89.

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.