Candriam Luxembourg S.C.A. raised its position in Edison International (NYSE:EIX) by 46.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 125,449 shares of the utilities provider’s stock after buying an additional 39,766 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Edison International were worth $9,809,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of EIX. Guardian Life Insurance Co. of America boosted its stake in shares of Edison International by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,256 shares of the utilities provider’s stock worth $100,000 after buying an additional 8 shares in the last quarter. Jones Collombin Investment Counsel Inc boosted its stake in shares of Edison International by 69.4% in the first quarter. Jones Collombin Investment Counsel Inc now owns 1,745 shares of the utilities provider’s stock worth $139,000 after buying an additional 715 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Edison International by 41.7% in the first quarter. Parallel Advisors LLC now owns 2,517 shares of the utilities provider’s stock worth $198,000 after buying an additional 741 shares in the last quarter. Wayne Hummer Investments L.L.C. acquired a new stake in shares of Edison International during the first quarter worth about $200,000. Finally, Gofen & Glossberg LLC IL acquired a new stake in shares of Edison International during the first quarter worth about $201,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.
Edison International (EIX) traded down 0.75% during midday trading on Tuesday, hitting $79.92. 3,616,546 shares of the company traded hands. The company has a market capitalization of $26.04 billion, a price-to-earnings ratio of 18.90 and a beta of 0.22. Edison International has a 12-month low of $67.44 and a 12-month high of $82.82. The stock’s 50-day moving average price is $78.40 and its 200 day moving average price is $78.82.
Edison International (NYSE:EIX) last posted its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.85. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.92 billion. Edison International had a net margin of 12.64% and a return on equity of 10.58%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 EPS. On average, equities analysts forecast that Edison International will post $4.24 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This news story was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://stocknewstimes.com/2017/08/15/edison-international-nyseeix-shares-bought-by-candriam-luxembourg-s-c-a-updated.html.
EIX has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Edison International from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Thursday, July 6th. Mizuho reiterated a “buy” rating and issued a $91.50 price objective on shares of Edison International in a report on Wednesday, April 19th. Jefferies Group LLC upgraded shares of Edison International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $85.00 to $90.00 in a report on Friday. Barclays PLC reiterated an “equal weight” rating and issued a $84.00 price objective (up from $78.00) on shares of Edison International in a report on Sunday, April 23rd. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Edison International in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $84.35.
In other Edison International news, insider Gaddi H. Vasquez sold 2,500 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $81.30, for a total value of $203,250.00. Following the completion of the sale, the insider now owns 4,550 shares of the company’s stock, valued at approximately $369,915. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.41% of the company’s stock.
About Edison International
Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.
Receive News & Ratings for Edison International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Edison International and related companies with MarketBeat.com's FREE daily email newsletter.
