Lansdowne Partners (uk) Llp adds Edison International (EIX) to its portfolio

Edison International (EIX) : Lansdowne Partners (uk) Llp added new position in Edison International during the most recent quarter end. The investment management firm now holds 95,401 shares of Edison International which is valued at $7,235,212 , the company said in a statement filed on Aug 15, 2016 with the SEC.Edison International makes up approximately 0.06% of Lansdowne Partners (uk) Llp’s portfolio.

Other Hedge Funds, Including , Kcm Investment Advisors boosted its stake in EIX in the latest quarter, The investment management firm added 55,965 additional shares and now holds a total of 133,097 shares of Edison International which is valued at $10,094,076. Edison International makes up approx 0.72% of Kcm Investment Advisors’s portfolio.Bnp Paribas Investment Partners S.a. boosted its stake in EIX in the latest quarter, The investment management firm added 2,299 additional shares and now holds a total of 77,739 shares of Edison International which is valued at $5,869,295. Edison International makes up approx 0.05% of Bnp Paribas Investment Partners S.a.’s portfolio.Mutual Of America Capital Management boosted its stake in EIX in the latest quarter, The investment management firm added 6,403 additional shares and now holds a total of 74,326 shares of Edison International which is valued at $5,647,289. Edison International makes up approx 0.12% of Mutual Of America Capital Management’s portfolio.Premier Fund Managers Ltd boosted its stake in EIX in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 19,750 shares of Edison International which is valued at $1,528,255. Edison International makes up approx 1.44% of Premier Fund Managers Ltd’s portfolio.Msi Financial Services Inc reduced its stake in EIX by selling 132 shares or 2.99% in the most recent quarter. The Hedge Fund company now holds 4,279 shares of EIX which is valued at $325,290. Edison International makes up approx 0.01% of Msi Financial Services Inc’s portfolio.

Edison International closed down -0.02 points or -0.03% at $72.7 with 15,09,660 shares getting traded on Thursday. Post opening the session at $72.66, the shares hit an intraday low of $72.25 and an intraday high of $72.76 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Edison International reported $0.85 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.97. The company had revenue of $2777.00 million for the quarter, compared to analysts expectations of $3158.65 million. The company’s revenue was down -4.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.16 EPS.

Investors should note that 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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