First American Trust Fsb Lowers stake in Edison International (EIX)

Edison International (EIX) : First American Trust Fsb reduced its stake in Edison International by 11.02% during the most recent quarter end. The investment management company now holds a total of 49,278 shares of Edison International which is valued at $3,852,061 after selling 6,103 shares in Edison International , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.Edison International makes up approximately 1.34% of First American Trust Fsb’s portfolio.

Other Hedge Funds, Including , Kistler-tiffany Companies added EIX to its portfolio by purchasing 30 company shares during the most recent quarter which is valued at $2,345.Integrated Investment Consultants boosted its stake in EIX in the latest quarter, The investment management firm added 170 additional shares and now holds a total of 2,001 shares of Edison International which is valued at $157,179. Edison International makes up approx 0.08% of Integrated Investment Consultants’s portfolio. Pensionfund Sabic sold out all of its stake in EIX during the most recent quarter. The investment firm sold 25,000 shares of EIX which is valued $1,963,750. Pensionfund Dsm Netherlands sold out all of its stake in EIX during the most recent quarter. The investment firm sold 55,000 shares of EIX which is valued $4,320,250.Baystate Wealth Management boosted its stake in EIX in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 3,026 shares of Edison International which is valued at $234,969. Edison International makes up approx 0.05% of Baystate Wealth Management’s portfolio.

Edison International closed down -0.18 points or -0.23% at $77.99 with 17,14,357 shares getting traded on Monday. Post opening the session at $77.76, the shares hit an intraday low of $76.89 and an intraday high of $78.07 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Edison International reported $0.82 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on May 2, 2016. Analyst had a consensus of $0.88. The company had revenue of $2440.00 million for the quarter, compared to analysts expectations of $2844.83 million. The company’s revenue was down -2.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.90 EPS.

Edison International is the parent holding company of Southern California Edison Company (SCE) and subsidiaries. SCE is a public utility primarily engaged in the business of supplying and delivering electricity to an approximately 50000 square mile area of southern California. Edison International is also the parent company of subsidiaries that are engaged in businesses related to the generation or use of electricity. Edison International’s other subsidiaries include Edison Mission Group Inc. and SoCore Energy LLC. Edison Mission Group Inc. is a wholly owned subsidiary of Edison International and the parent company of Edison Mission Energy and Edison Capital. SoCore Energy LLC a subsidiary engaged in distributed generation has constructed 26 Megawatt of rooftop solar systems in nine states selling power back to commercial customers under power purchase agreements.

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