Van Strum & Towne Inc. maintained its position in shares of Edison International (NYSE:EIX) during the second quarter, Holdings Channel reports. The fund owned 2,649 shares of the utilities provider’s stock at the end of the second quarter. Van Strum & Towne Inc.’s holdings in Edison International were worth $207,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EIX. CENTRAL TRUST Co raised its stake in Edison International by 2.4% in the first quarter. CENTRAL TRUST Co now owns 2,986 shares of the utilities provider’s stock valued at $237,000 after buying an additional 70 shares during the last quarter. Raymond James Trust N.A. raised its stake in Edison International by 5.7% in the first quarter. Raymond James Trust N.A. now owns 4,907 shares of the utilities provider’s stock valued at $390,000 after buying an additional 263 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in Edison International by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 101,077 shares of the utilities provider’s stock valued at $8,046,000 after buying an additional 1,250 shares during the last quarter. National Pension Service raised its stake in Edison International by 2.8% in the first quarter. National Pension Service now owns 260,601 shares of the utilities provider’s stock valued at $20,715,000 after buying an additional 7,055 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in Edison International by 3.3% in the first quarter. Bank of Montreal Can now owns 544,727 shares of the utilities provider’s stock valued at $43,367,000 after buying an additional 17,237 shares during the last quarter. 81.85% of the stock is owned by hedge funds and other institutional investors.

Edison International (NYSE EIX) opened at 79.53 on Friday. Edison International has a 52-week low of $67.44 and a 52-week high of $82.82. The company has a market capitalization of $25.91 billion, a P/E ratio of 18.81 and a beta of 0.22. The stock has a 50 day moving average of $78.39 and a 200-day moving average of $78.66.

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

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Several research firms have recently issued reports on EIX. BidaskClub raised shares of Edison International from a “sell” rating to a “hold” rating in a research report on Monday, June 19th. UBS AG lowered shares of Edison International from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $82.00 to $80.00 in a research report on Wednesday, May 17th. Citigroup Inc. reissued a “neutral” rating and issued a $84.00 price objective (down previously from $85.00) on shares of Edison International in a research report on Monday, July 24th. Jefferies Group LLC raised shares of Edison International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $85.00 to $90.00 in a research report on Friday. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Edison International in a research report on Tuesday, July 11th. One 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 presently has an average rating of “Hold” and a consensus price target of $84.35.

In other Edison International news, insider Ronald L. Litzinger sold 26,035 shares of Edison International stock in a transaction on Monday, May 15th. The shares were sold at an average price of $78.85, for a total transaction of $2,052,859.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $204,175.00. Following the sale, the director now owns 2,500 shares in the company, valued at approximately $204,175. The disclosure for this sale can be found here. Insiders have sold 31,035 shares of company stock worth $2,460,285 in the last quarter. Corporate insiders own 0.41% of the company’s stock.

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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