Banque Cantonale Vaudoise Sells 15,238 Shares of Edison International (NYSE:EIX)

Banque Cantonale Vaudoise decreased its stake in shares of Edison International (NYSE:EIX) by 76.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 4,720 shares of the utilities provider’s stock after selling 15,238 shares during the period. Banque Cantonale Vaudoise’s holdings in Edison International were worth $334,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Axxcess Wealth Management LLC increased its position in Edison International by 2.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 6,461 shares of the utilities provider’s stock valued at $409,000 after purchasing an additional 164 shares during the period. Gibraltar Capital Management Inc. increased its position in Edison International by 1.5% during the 4th quarter. Gibraltar Capital Management Inc. now owns 11,599 shares of the utilities provider’s stock valued at $829,000 after purchasing an additional 174 shares during the period. Corient Private Wealth LLC increased its position in Edison International by 0.3% during the 4th quarter. Corient Private Wealth LLC now owns 61,247 shares of the utilities provider’s stock valued at $4,379,000 after purchasing an additional 175 shares during the period. Presima Securities ULC increased its position in Edison International by 2.4% during the 4th quarter. Presima Securities ULC now owns 8,650 shares of the utilities provider’s stock valued at $618,000 after purchasing an additional 200 shares during the period. Finally, ERTS Wealth Advisors LLC increased its position in Edison International by 5.4% during the 4th quarter. ERTS Wealth Advisors LLC now owns 4,023 shares of the utilities provider’s stock valued at $288,000 after purchasing an additional 207 shares during the period. Institutional investors own 88.95% of the company’s stock.

Edison International Trading Down 0.3 %

NYSE EIX opened at $71.64 on Monday. The firm’s 50-day moving average is $73.06 and its two-hundred day moving average is $70.33. Edison International has a 12 month low of $58.82 and a 12 month high of $77.04. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.00 and a quick ratio of 0.93. The stock has a market capitalization of $27.56 billion, a P/E ratio of 31.42 and a beta of 0.95.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $1.13 earnings per share (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 analysts’ expectations of $4.16 billion. Edison International had a net margin of 6.14% and a return on equity of 12.48%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 earnings per share. On average, sell-side analysts anticipate that Edison International will post 4.92 earnings per share for the current year.

Insider Activity at Edison International

In related news, CEO J Andrew Murphy sold 58,099 shares of the firm’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 sale, the chief executive officer now owns 19,660 shares of the company’s stock, valued at $1,474,696.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Edison International news, CEO J Andrew Murphy sold 58,099 shares of the 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 transaction, the chief executive officer now directly owns 19,660 shares in the company, valued at $1,474,696.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Caroline Choi sold 10,004 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $75.77, for a total transaction of $758,003.08. Following the completion of the transaction, the senior vice president now owns 26,918 shares in the company, valued at $2,039,576.86. The disclosure for this sale can be found here. Insiders have sold a total of 77,897 shares of company stock valued at $5,851,245 over the last 90 days. 1.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EIX has been the topic of a number of research reports. Wells Fargo & Company raised shares of Edison International from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $72.00 to $86.00 in a research report on Tuesday, May 14th. Morgan Stanley lifted their price objective on shares of Edison International from $58.00 to $64.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 28th. The Goldman Sachs Group assumed coverage on shares of Edison International in a research report on Wednesday, April 10th. They issued a “neutral” rating and a $78.00 price objective on the stock. Mizuho lifted their price objective on shares of Edison International from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Royal Bank of Canada cut their price objective on shares of Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $77.70.

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.