CHURCHILL MANAGEMENT Corp Has $5.21 Million Holdings in Edison International (NYSE:EIX)

CHURCHILL MANAGEMENT Corp lessened its holdings in shares of Edison International (NYSE:EIX) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,659 shares of the utilities provider’s stock after selling 721 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Edison International were worth $5,210,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Able Wealth Management LLC acquired a new position in shares of Edison International during the fourth quarter worth $25,000. Bruce G. Allen Investments LLC acquired a new position in Edison International in the fourth quarter valued at $27,000. WASHINGTON TRUST Co lifted its holdings in Edison International by 117.4% in the fourth 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 acquired a new position in Edison International in the fourth quarter valued at $40,000. Finally, GAMMA Investing LLC acquired a new position in Edison International in the fourth quarter valued at $48,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Insiders Place Their Bets

In other Edison International news, CEO J Andrew Murphy sold 9,794 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $75.07, for a total value of $735,235.58. Following the completion of the sale, the chief executive officer now directly owns 19,660 shares of the company’s stock, valued at approximately $1,475,876.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Caroline Choi sold 10,004 shares of the 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 directly owns 26,918 shares of the company’s stock, valued at approximately $2,039,576.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO J Andrew Murphy sold 9,794 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $75.07, for a total transaction of $735,235.58. Following the transaction, the chief executive officer now directly owns 19,660 shares of the company’s stock, valued at $1,475,876.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,897 shares of company stock valued at $5,851,245. Corporate insiders own 1.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EIX. Argus boosted their target price on shares of Edison International from $78.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Morgan Stanley boosted their target price on shares of Edison International from $58.00 to $64.00 and gave the company an “underweight” rating in a report on Tuesday, May 28th. Wells Fargo & Company upgraded shares of Edison International from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $72.00 to $86.00 in a report on Tuesday, May 14th. Royal Bank of Canada dropped their price objective on shares of Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. Finally, The Goldman Sachs Group began coverage on shares of Edison International in a report on Wednesday, April 10th. They set a “neutral” rating and a $78.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $77.70.

Edison International Trading Down 0.3 %

NYSE:EIX opened at $71.64 on Friday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.00 and a quick ratio of 0.93. The firm has a 50-day moving average of $73.06 and a 200-day moving average of $70.31. The company has a market cap of $27.56 billion, a PE ratio of 31.42 and a beta of 0.95. Edison International has a one year low of $58.82 and a one year high of $77.04.

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

Edison International 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.