Edison International (EIX) Position Maintained by Utah Retirement Systems
Utah Retirement Systems continued to hold its stake in shares of Edison International (NYSE:EIX) during the third quarter, according to its most recent filing with the SEC. The firm owned 57,942 shares of the company’s stock at the end of the third quarter. Utah Retirement Systems’ holdings in Edison International were worth $4,187,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the company. Legacy Private Trust Co. acquired a new stake in shares of Edison International during the second quarter valued at about $3,431,000. NN Investment Partners Holdings N.V. boosted its stake in shares of Edison International by 32.8% in the second quarter. NN Investment Partners Holdings N.V. now owns 155,363 shares of the company’s stock valued at $12,067,000 after buying an additional 38,343 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Edison International by 0.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,898 shares of the company’s stock valued at $225,000 after buying an additional 16 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Edison International by 1.2% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 280,328 shares of the company’s stock valued at $21,773,000 after buying an additional 3,429 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its stake in shares of Edison International by 6.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 84,336 shares of the company’s stock valued at $6,550,000 after buying an additional 5,009 shares in the last quarter. 80.42% of the stock is currently owned by institutional investors and hedge funds.
Shares of Edison International (NYSE:EIX) traded down 3.35% during trading on Wednesday, hitting $68.77. 2,276,797 shares of the stock were exchanged. Edison International has a one year low of $57.85 and a one year high of $78.72. The stock has a market cap of $22.41 billion, a PE ratio of 25.50 and a beta of 0.17. The stock’s 50 day moving average price is $70.59 and its 200 day moving average price is $73.14.
Edison International (NYSE:EIX) last released its quarterly earnings results on Tuesday, November 1st. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.23 by $0.06. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $2.91 billion. Edison International had a return on equity of 9.59% and a net margin of 8.80%. Edison International’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 EPS. Equities research analysts predict that Edison International will post $3.91 EPS for the current year.
Several analysts recently weighed in on EIX shares. Zacks Investment Research raised shares of Edison International from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Tuesday, September 27th. SunTrust Banks Inc. raised their target price on shares of Edison International from $82.00 to $84.00 and gave the company a “buy” rating in a report on Monday, September 26th. Deutsche Bank AG set a $78.00 target price on shares of Edison International and gave the company a “hold” rating in a report on Sunday, September 4th. Jefferies Group reaffirmed a “hold” rating and issued a $80.00 target price on shares of Edison International in a report on Friday, September 2nd. Finally, Argus reduced their target price on shares of Edison International from $86.00 to $81.00 and set a “buy” rating on the stock in a report on Tuesday, October 4th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $76.79.
In related news, Director Ellen O. Tauscher sold 3,012 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $71.87, for a total transaction of $216,472.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ronald L. Litzinger sold 38,086 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $69.40, for a total value of $2,643,168.40. Following the transaction, the insider now directly owns 12,054 shares in the company, valued at $836,547.60. The disclosure for this sale can be found here. Corporate insiders own 1.51% of the company’s stock.
Edison International Company Profile
Edison International is the parent holding company of Southern California Edison Company (SCE). SCE is engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. It is also the parent company of subsidiaries that are engaged in competitive businesses focused on providing energy services to commercial and industrial customers, including distributed resources, engaging in transmission opportunities, and exploring distributed water treatment and recycling.
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