Edison International (NYSE:EIX) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. lowered its stake in shares of Edison International (NYSE:EIX) by 6.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,822 shares of the utilities provider’s stock after selling 433 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Edison International were worth $343,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in Edison International during the fourth quarter worth $33,000. Bellwether Advisors LLC acquired a new position in Edison International during the fourth quarter worth $34,000. OFI Invest Asset Management acquired a new position in Edison International during the fourth quarter worth $38,000. SBI Securities Co. Ltd. acquired a new position in Edison International during the fourth quarter worth $44,000. Finally, Mizuho Bank Ltd. acquired a new position in Edison International during the fourth quarter worth $50,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Price Performance

EIX stock opened at $49.54 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $19.06 billion, a PE ratio of 14.53, a P/E/G ratio of 1.07 and a beta of 0.78. Edison International has a 12-month low of $48.38 and a 12-month high of $88.77. The business’s fifty day moving average price is $55.75 and its 200 day moving average price is $61.79.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.16. The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $4.29 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.13 EPS. On average, sell-side analysts anticipate that Edison International will post 4.95 EPS for the current year.

Analyst Upgrades and Downgrades

EIX has been the topic of several recent analyst reports. Wolfe Research lowered Edison International from an “outperform” rating to a “peer perform” rating in a research note on Monday. Morgan Stanley set a $52.00 price target on Edison International and gave the company an “underweight” rating in a research note on Thursday, May 22nd. UBS Group raised Edison International from a “neutral” rating to a “buy” rating and decreased their price target for the company from $69.00 to $65.00 in a research note on Tuesday, February 18th. Mizuho decreased their price target on Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. decreased their price target on Edison International from $75.00 to $71.00 and set a “neutral” rating on the stock in a research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Edison International has an average rating of “Moderate Buy” and an average price target of $76.89.

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.