Cwm LLC Increases Holdings in Edison International (NYSE:EIX)

Cwm LLC grew its holdings in shares of Edison International (NYSE:EIX) by 34.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,820 shares of the utilities provider’s stock after buying an additional 2,518 shares during the period. Cwm LLC’s holdings in Edison International were worth $695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Ausbil Investment Management Ltd lifted its holdings in Edison International by 54.7% during the 4th quarter. Ausbil Investment Management Ltd now owns 135,099 shares of the utilities provider’s stock worth $9,658,000 after buying an additional 47,784 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its position in shares of Edison International by 4.2% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 13,655 shares of the utilities provider’s stock worth $976,000 after purchasing an additional 551 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Edison International during the fourth quarter worth about $1,215,000. Avantax Advisory Services Inc. increased its position in shares of Edison International by 73.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 21,114 shares of the utilities provider’s stock worth $1,509,000 after purchasing an additional 8,922 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of Edison International during the fourth quarter worth about $1,233,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Edison International

In other news, SVP Caroline Choi sold 10,004 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $75.77, for a total transaction of $758,003.08. Following the sale, the senior vice president now owns 26,918 shares of the company’s stock, valued at approximately $2,039,576.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Caroline Choi sold 10,004 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $75.77, for a total value of $758,003.08. Following the sale, the senior vice president now owns 26,918 shares of the company’s stock, valued at approximately $2,039,576.86. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO J Andrew Murphy sold 58,099 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $75.01, for a total value of $4,358,005.99. Following the completion of the sale, the chief executive officer now directly owns 19,660 shares in the company, valued at approximately $1,474,696.60. The disclosure for this sale can be found here. Insiders have sold 77,897 shares of company stock valued at $5,851,245 in the last quarter. 1.03% of the stock is currently owned by corporate insiders.

Edison International Stock Performance

NYSE EIX opened at $71.89 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 2.04. The business’s 50 day moving average is $73.00 and its two-hundred day moving average is $70.25. Edison International has a 12-month low of $58.82 and a 12-month high of $77.04. The stock has a market capitalization of $27.66 billion, a price-to-earnings ratio of 31.53 and a beta of 0.95.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.12 by $0.01. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.16 billion. Edison International had a return on equity of 12.48% and a net margin of 6.14%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.09 EPS. Research analysts expect that Edison International will post 4.92 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on EIX shares. Morgan Stanley lifted their target price on Edison International from $58.00 to $64.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 28th. TheStreet cut Edison International from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Argus boosted their price target on Edison International from $78.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Mizuho boosted their price target on Edison International from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, The Goldman Sachs Group began coverage on Edison International in a research report on Wednesday, April 10th. They issued a “neutral” rating and a $78.00 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Edison International presently has an average rating of “Hold” and an average target price of $77.70.

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.