Duff & Phelps Investment Management Co. lowered its position in shares of Edison International (NYSE:EIX) by 0.0% during the second quarter, Holdings Channel reports. The firm owned 1,060,645 shares of the utilities provider’s stock after selling 250 shares during the period. Edison International accounts for 1.2% of Duff & Phelps Investment Management Co.’s investment portfolio, making the stock its 25th largest position. Duff & Phelps Investment Management Co.’s holdings in Edison International were worth $82,932,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Guardian Life Insurance Co. of America boosted its position 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 during the period. Wetherby Asset Management Inc. boosted its position in shares of Edison International by 0.3% in the second quarter. Wetherby Asset Management Inc. now owns 3,824 shares of the utilities provider’s stock worth $299,000 after buying an additional 12 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of Edison International by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,945 shares of the utilities provider’s stock worth $234,000 after buying an additional 17 shares during the period. CENTRAL TRUST Co boosted its position in shares of Edison International by 0.7% in the second quarter. CENTRAL TRUST Co now owns 3,008 shares of the utilities provider’s stock worth $235,000 after buying an additional 22 shares during the period. Finally, Cleararc Capital Inc. boosted its position in shares of Edison International by 0.5% in the first quarter. Cleararc Capital Inc. now owns 7,944 shares of the utilities provider’s stock worth $632,000 after buying an additional 42 shares during the period. Institutional investors own 81.85% of the company’s stock.

Shares of Edison International (EIX) opened at 79.67 on Friday. The stock has a market cap of $25.96 billion, a PE ratio of 18.84 and a beta of 0.22. The company’s 50-day moving average price is $78.42 and its 200 day moving average price is $78.60. Edison International has a 1-year low of $67.44 and a 1-year high of $82.82.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.85 EPS for the quarter, meeting analysts’ consensus estimates 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 return on equity of 10.58% and a net margin of 12.64%. Edison International’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 earnings per share. Equities analysts forecast that Edison International will post $4.24 EPS for the current fiscal year.

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EIX has been the subject of several recent research reports. BidaskClub upgraded Edison International from a “sell” rating to a “hold” rating in a research note on Monday, June 19th. UBS AG cut Edison International from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $82.00 to $80.00 in a research note on Wednesday, May 17th. Citigroup Inc. reiterated a “neutral” rating and issued a $84.00 price objective (down previously from $85.00) on shares of Edison International in a research note on Monday, July 24th. Morgan Stanley lifted their price objective on Edison International from $86.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Jefferies Group LLC upgraded Edison International from a “hold” rating to a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Edison International currently has an average rating of “Hold” and an average price target of $83.96.

In related news, Director W Brett White sold 2,500 shares of the stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $81.67, for a total value of $204,175.00. Following the completion of the transaction, the director now owns 2,500 shares of the company’s stock, valued at $204,175. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ronald L. Litzinger sold 26,035 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $78.85, for a total value of $2,052,859.75. The disclosure for this sale can be found here. Insiders sold 31,035 shares of company stock valued at $2,460,285 in the last three months. 0.41% of the stock is currently owned by company insiders.

Edison International Company Profile

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.

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Institutional Ownership by Quarter for Edison International (NYSE:EIX)

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