Edison International (EIX) : New England Investment Retirement Group added new position in Edison International during the most recent quarter end. The investment management firm now holds 50,868 shares of Edison International which is valued at $3,614,680 , the company said in a statement filed on Apr 14, 2016 with the SEC.Edison International makes up approximately 1.97% of New England Investment Retirement Group’s portfolio.
Edison International (EIX) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $70.13 and reached the intraday high at $71.08. The bulls started the profit booking and pushed the shares to intraday low of $69.85. The trading session was marked by a volume range of 13,90,301 shares exchanging hands. The 52-week high of the shares is $72.41 and the 52-week low is $55.18. The market cap of the company stands at $23,152 M and there are 32,58,11,210 shares in public circulation.
Other Hedge Funds, Including , Oakbrook Investments reduced its stake in EIX by selling 200 shares or 1.02% in the most recent quarter. The Hedge Fund company now holds 19,490 shares of EIX which is valued at $1,384,959. Edison International makes up approx 0.09% of Oakbrook Investments’s portfolio.State Of Alaska Department Of Revenue boosted its stake in EIX in the latest quarter, The investment management firm added 10,352 additional shares and now holds a total of 14,607 shares of Edison International which is valued at $1,037,973. Edison International makes up approx 0.11% of State Of Alaska Department Of Revenue’s portfolio. Breton Hill Capital Ltd. added EIX to its portfolio by purchasing 2,800 company shares during the most recent quarter which is valued at $198,968. Edison International makes up approx 0.07% of Breton Hill Capital Ltd.’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in EIX in the latest quarter, The investment management firm added 6,299 additional shares and now holds a total of 79,327 shares of Edison International which is valued at $5,636,977. Edison International makes up approx 0.13% of Exxonmobil Investment Management Inc Tx’s portfolio. Pensionfund Sabic added EIX to its portfolio by purchasing 25,000 company shares during the most recent quarter which is valued at $1,764,000. Edison International makes up approx 0.54% of Pensionfund Sabic’s portfolio.
On the company’s financial health, Edison International reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.30 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $0.58. The company had revenue of $2341.00 million for the quarter, compared to analysts expectations of $3399.75 million. The company’s revenue was down -24.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.08 EPS.
Many Wall Street Analysts have commented on Edison International. Edison International was Downgraded by Goldman to ” Neutral” on Apr 1, 2016. Company shares were Reiterated by Argus on Mar 3, 2016 to “Buy”, Firm has raised the Price Target to $ 76 from a previous price target of $69 .Company shares were Reiterated by Mizuho on Feb 24, 2016 to “Neutral”, Firm has raised the Price Target to $ 69 from a previous price target of $60 .
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 Internationals 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.