Edison International (NYSE:EIX) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in Edison International (NYSE:EIX) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,276,016 shares of the utilities provider’s stock after purchasing an additional 433,845 shares during the period. Wellington Management Group LLP owned approximately 2.67% of Edison International worth $734,632,000 as of its most recent filing with the Securities & Exchange Commission.

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

Edison International Stock Down 0.3 %

Shares of EIX traded down $0.24 during mid-day trading on Friday, reaching $73.21. The company’s stock had a trading volume of 1,336,071 shares, compared to its average volume of 1,721,392. Edison International has a 12-month low of $58.82 and a 12-month high of $77.04. The stock has a market cap of $28.17 billion, a PE ratio of 32.11 and a beta of 0.95. 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 company’s 50 day moving average is $72.86 and its 200 day moving average is $70.17.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Mizuho increased their target price on Edison International from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Royal Bank of Canada decreased their target price on Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. TheStreet downgraded Edison International from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Argus upped their price target on Edison International from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, The Goldman Sachs Group initiated coverage on Edison International in a report on Wednesday, April 10th. They set a “neutral” rating and a $78.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $77.70.

Insider Buying and Selling

In related news, SVP Caroline Choi sold 10,004 shares of the firm’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 transaction, the senior vice president now owns 26,918 shares in the company, valued at approximately $2,039,576.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO J Andrew Murphy sold 9,794 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $75.07, for a total value of $735,235.58. Following the completion of the sale, the chief executive officer now directly owns 19,660 shares of the company’s stock, valued at approximately $1,475,876.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Caroline Choi sold 10,004 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $75.77, for a total value of $758,003.08. Following the completion of the sale, the senior vice president now directly owns 26,918 shares of the company’s stock, valued at $2,039,576.86. The disclosure for this sale can be found here. Insiders have sold 77,897 shares of company stock worth $5,851,245 in the last quarter. 1.03% of the stock is owned by insiders.

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.