Edison International (NYSE:EIX) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its position in Edison International (NYSE:EIX) by 4.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 32,921 shares of the utilities provider’s stock after selling 1,411 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Edison International were worth $2,353,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Able Wealth Management LLC acquired a new position in shares of Edison International during the fourth quarter worth about $25,000. Bruce G. Allen Investments LLC purchased a new position in shares of Edison International during the 4th quarter worth approximately $27,000. WASHINGTON TRUST Co lifted its holdings in shares of Edison International by 117.4% in the 4th quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider’s stock valued at $36,000 after buying an additional 270 shares during the period. Northwest Financial Advisors purchased a new stake in shares of Edison International in the fourth quarter valued at approximately $40,000. Finally, GAMMA Investing LLC acquired a new position in Edison International during the fourth quarter worth $48,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Price Performance

Edison International stock opened at $71.89 on Friday. Edison International has a 52 week low of $58.82 and a 52 week high of $77.04. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 2.04. The firm’s 50-day simple moving average is $73.00 and its 200 day simple moving average is $70.25. The firm has a market capitalization of $27.66 billion, a PE ratio of 31.53 and a beta of 0.95.

Edison International (NYSE:EIX) last released its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.01. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.16 billion. Edison International had a net margin of 6.14% and a return on equity of 12.48%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $1.09 EPS. On average, equities research analysts predict that Edison International will post 4.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EIX has been the subject of a number of recent analyst reports. The Goldman Sachs Group assumed coverage on Edison International in a report on Wednesday, April 10th. They issued a “neutral” rating and a $78.00 target price for the company. TheStreet lowered shares of Edison International from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Mizuho increased their target price on shares of Edison International from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, May 17th. Morgan Stanley boosted their price target on Edison International from $58.00 to $64.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 28th. Finally, StockNews.com raised Edison International from a “sell” rating to a “hold” rating in a research note on Saturday, February 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $77.70.

Insider Buying and Selling at Edison International

In other news, CEO J Andrew Murphy sold 58,099 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $75.01, for a total transaction of $4,358,005.99. Following the sale, the chief executive officer now owns 19,660 shares in the company, valued at $1,474,696.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Caroline Choi sold 10,004 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $75.77, for a total transaction of $758,003.08. Following the completion of the transaction, the senior vice president now owns 26,918 shares of the company’s stock, valued at $2,039,576.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Andrew Murphy sold 58,099 shares of Edison International stock in a transaction on Friday, May 10th. The shares were sold at an average price of $75.01, for a total transaction of $4,358,005.99. Following the completion of the transaction, the chief executive officer now owns 19,660 shares in the company, valued at approximately $1,474,696.60. The disclosure for this sale can be found here. In the last three months, insiders sold 77,897 shares of company stock worth $5,851,245. Insiders own 1.03% of the company’s stock.

Edison International Company Profile

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.