Jaffetilchin Investment Partners LLC purchased a new stake in shares of Edison International (NYSE:EIX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,096 shares of the utilities provider’s stock, valued at approximately $477,000.

Several other large investors have also recently made changes to their positions in 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 valued at $100,000 after buying an additional 8 shares during the last quarter. Wetherby Asset Management Inc. boosted its stake 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 valued at $299,000 after buying an additional 12 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake 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 valued at $234,000 after buying an additional 17 shares during the last quarter. CENTRAL TRUST Co boosted its stake 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 valued at $235,000 after buying an additional 22 shares during the last quarter. Finally, Cleararc Capital Inc. boosted its stake 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 valued at $632,000 after buying an additional 42 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Shares of Edison International (EIX) opened at 79.92 on Wednesday. The company has a market capitalization of $26.04 billion, a PE 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 firm has a 50-day moving average price of $78.38 and a 200-day moving average price of $78.88.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.85 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.85. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.92 billion. Edison International had a return on equity of 10.58% and a net margin of 12.64%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 EPS. On average, equities research analysts predict that Edison International will post $4.24 EPS for the current year.

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Several equities research analysts recently weighed in on the company. BidaskClub upgraded Edison International from a “sell” rating to a “hold” rating in a report on Monday, June 19th. UBS AG lowered Edison International from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $82.00 to $80.00 in a report on Wednesday, May 17th. Citigroup Inc. restated a “neutral” rating and issued a $84.00 target price (down from $85.00) on shares of Edison International in a report on Monday, July 24th. Morgan Stanley restated an “equal weight” rating on shares of Edison International in a report on Tuesday, July 11th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $85.00 target price (up from $82.00) on shares of Edison International in a report on Wednesday, May 3rd. One investment 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’s stock. The stock has a consensus rating of “Hold” and an average price target of $84.35.

In other Edison International news, Director W Brett White sold 2,500 shares of Edison International stock in a transaction on 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 directly owns 2,500 shares of the company’s stock, valued at approximately $204,175. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is owned by insiders.

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.

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

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