GTS Securities LLC Sells 1,061 Shares of Edison International (NYSE:EIX)

GTS Securities LLC trimmed its holdings in shares of Edison International (NYSE:EIX) by 27.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,796 shares of the utilities provider’s stock after selling 1,061 shares during the quarter. GTS Securities LLC’s holdings in Edison International were worth $223,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its position in Edison International by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 48,589,777 shares of the utilities provider’s stock worth $3,879,408,000 after acquiring an additional 1,559,501 shares during the period. Geode Capital Management LLC increased its position in Edison International by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 9,983,519 shares of the utilities provider’s stock worth $795,123,000 after acquiring an additional 362,999 shares during the period. Northern Trust Corp increased its position in Edison International by 53.9% during the fourth quarter. Northern Trust Corp now owns 5,757,034 shares of the utilities provider’s stock worth $459,642,000 after acquiring an additional 2,016,017 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Edison International by 7.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,163,408 shares of the utilities provider’s stock valued at $412,246,000 after buying an additional 371,043 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in Edison International by 1.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,133,574 shares of the utilities provider’s stock valued at $409,865,000 after buying an additional 50,451 shares during the period. 88.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EIX has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their target price on shares of Edison International from $88.00 to $68.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Wells Fargo & Company decreased their target price on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. UBS Group raised shares of Edison International from a “neutral” rating to a “buy” rating and decreased their target price for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. Barclays raised their price target on shares of Edison International from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Finally, Morgan Stanley set a $52.00 price target on shares of Edison International and gave the company an “underweight” rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Edison International currently has an average rating of “Moderate Buy” and an average target price of $76.89.

Edison International Stock Down 0.5%

NYSE:EIX opened at $55.61 on Friday. The firm’s 50 day simple moving average is $56.58 and its 200 day simple moving average is $63.55. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. Edison International has a one year low of $49.06 and a one year high of $88.77. The company has a market cap of $21.40 billion, a PE ratio of 16.31, a P/E/G ratio of 1.07 and a beta of 0.77.

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

About Edison International

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.