Edison International (EIX) Files Form 4 Insider Selling : Ronald L Litzinger Sells 38,084 Shares

Edison International (EIX): Ronald L Litzinger , Pres. Edison Energy Group, Inc of Edison International sold 38,084 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were sold at $72.19 per share for a total value of $2,745,761.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 8, 2016, Jagjeet S. Bindra (director) sold 3,995 shares at $73.79 per share price.On Jun 13, 2016, Gaddi H. Vasquez (Senior Vice President) sold 6,842 shares at $73.83 per share price.Also, On May 17, 2016, Ronald L Litzinger (Pres. Edison Energy Group, Inc) sold 12,677 shares at $71.28 per share price.On Mar 24, 2016, Richard T Iii Schlosberg (director) sold 10,000 shares at $71.61 per share price.

Edison International: On Monday, Sep 12, 2016 heightened volatility was witnessed in Edison International which led to swings in the share price. The shares opened for trading at $71.38 and hit $72.69 on the upside , eventually ending the session at $72.52, with a gain of 1.57% or 1.12 points. The heightened volatility saw the trading volume jump to 1,685,575 shares. The 52-week high of the share price is $78.72 and the company has a market cap of $23,628 M . The 52-week low of the share price is at $57.51.

Edison International Money Flow Index Chart

On Aug 25, 2016, Edison International announced a cash dividend of $0.4800. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 31, 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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