Natixis Advisors LLC lifted its holdings in shares of Edison International (NYSE:EIX – Free Report) by 11.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 317,654 shares of the utilities provider’s stock after acquiring an additional 33,800 shares during the period. Natixis Advisors LLC’s holdings in Edison International were worth $19,066,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Edison International by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 52,220,399 shares of the utilities provider’s stock valued at $3,134,268,000 after buying an additional 480,726 shares during the last quarter. Geode Capital Management LLC boosted its position in Edison International by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock valued at $803,407,000 after buying an additional 386,905 shares during the last quarter. AQR Capital Management LLC boosted its position in Edison International by 8.0% in the third quarter. AQR Capital Management LLC now owns 10,763,984 shares of the utilities provider’s stock valued at $595,033,000 after buying an additional 801,082 shares during the last quarter. Norges Bank purchased a new stake in Edison International in the fourth quarter valued at approximately $339,311,000. Finally, Northern Trust Corp boosted its position in Edison International by 11.2% in the third quarter. Northern Trust Corp now owns 5,407,847 shares of the utilities provider’s stock valued at $298,946,000 after buying an additional 545,344 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.
Edison International Trading Up 2.3%
Edison International stock opened at $73.46 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98. Edison International has a 12 month low of $47.73 and a 12 month high of $76.21. The stock’s 50 day simple moving average is $70.99 and its two-hundred day simple moving average is $66.49. The firm has a market cap of $28.27 billion, a PE ratio of 7.98, a P/E/G ratio of 1.24 and a beta of 0.67.
Insider Buying and Selling
In other Edison International news, Director Peter J. Taylor sold 500 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $75.30, for a total value of $37,650.00. Following the sale, the director owned 34,212 shares in the company, valued at approximately $2,576,163.60. This represents a 1.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.
Analyst Upgrades and Downgrades
EIX has been the topic of a number of recent research reports. Morgan Stanley dropped their target price on Edison International from $71.00 to $70.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 21st. Mizuho set a $79.00 target price on Edison International in a research report on Thursday, February 19th. Seaport Research Partners lowered Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Truist Financial dropped their target price on Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Finally, TD Cowen upped their target price on Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $72.64.
View Our Latest Stock Analysis on Edison International
Edison International Company Profile
Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.
The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.
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