Edison International (EIX) Files Form 4 Insider Selling : Ronald L Litzinger Sells 12,677 Shares

Edison International (EIX): Ronald L Litzinger , Pres. Edison Energy Group, Inc of Edison International sold 12,677 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $71.28 per share for a total value of $903,579.81 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 24, 2016, Richard T Iii Schlosberg (director) sold 10,000 shares at $71.61 per share price.On Mar 9, 2016, W James Scilacci (Exec VP and CFO) sold 13,174 shares at $69.05 per share price.Also, On Mar 8, 2016, Ronald Owen Nichols (Senior Vice President, SCE) purchased 665 shares at $67.63 per share price.On Feb 17, 2016, Ronald L Litzinger (EVP; Pres. Edison Energy Group) sold 12,677 shares at $62.11 per share price.

Edison International (EIX) witnessed a volatile trading activity on Monday May 16, 2016 and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $71.23 and reached the intraday high at $71.56. The bulls started the profit booking and pushed the shares to intraday low of $70.83. The trading session was marked by a volume range of 15,81,331 shares exchanging hands. The 52-week high of the shares is $73.25 and the 52-week low is $55.18. The market cap of the company stands at $23,266 M and there are 32,58,11,210 shares in public circulation.

Edison International Money Flow Index Chart

On Apr 28, 2016, Edison International announced a cash dividend of $0.4800. The company’s management has announced Jun 28, 2016 as the ex-dividend date and fixed the record date on Jun 30, 2016. The payable date has been fixed on Jul 31, 2016.

Company has been under the radar of several Street Analysts.Edison International is Downgraded by Goldman to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 1, 2016.Edison International is Reiterated by Argus to Buy and the brokerage firm has raised the Price Target to $ 76 from a previous price target of $69 .The Rating was issued on Mar 3, 2016.Edison International is Reiterated by Mizuho to Neutral and the brokerage firm has raised the Price Target to $ 69 from a previous price target of $60 .The Rating was issued on Feb 24, 2016.

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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