ARS Wealth Advisors Group LLC Sells 219 Shares of Edison International (NYSE:EIX)

ARS Wealth Advisors Group LLC reduced its stake in shares of Edison International (NYSE:EIX) by 4.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,959 shares of the utilities provider’s stock after selling 219 shares during the quarter. ARS Wealth Advisors Group LLC’s holdings in Edison International were worth $292,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake 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 last quarter. Geode Capital Management LLC increased its stake 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 last quarter. Northern Trust Corp increased its stake 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Edison International by 7.7% during the fourth 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 worth $412,246,000 after acquiring an additional 371,043 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Edison International by 1.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,133,574 shares of the utilities provider’s stock worth $409,865,000 after acquiring an additional 50,451 shares during the last quarter. 88.95% of the stock is owned by institutional investors.

Edison International Stock Up 0.2%

Shares of NYSE EIX opened at $53.73 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The firm has a market capitalization of $20.67 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 1.07 and a beta of 0.78. The stock has a 50 day moving average price of $56.22 and a 200 day moving average price of $62.39. Edison International has a 52-week low of $49.06 and a 52-week high of $88.77.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on EIX shares. The Goldman Sachs Group reduced their price objective on Edison International from $88.00 to $68.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. UBS Group upgraded Edison International from a “neutral” rating to a “buy” rating and dropped their target price for the company from $69.00 to $65.00 in a research report on Tuesday, February 18th. Barclays boosted their target price on Edison International from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. dropped their target price on Edison International from $75.00 to $71.00 and set a “neutral” rating for the company in a research report on Monday, May 19th. Finally, Mizuho dropped their target price on Edison International from $75.00 to $66.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $76.89.

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.