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

Edison International (EIX) : First American Trust Fsb reduced its stake in Edison International by 2.0% during the most recent quarter end. The investment management company now holds a total of 48,291 shares of Edison International which is valued at $3,368,780 after selling 987 shares in Edison International , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Edison International makes up approximately 1.06% of First American Trust Fsb’s portfolio.

Other Hedge Funds, Including , Independent Portfolio Consultants sold out all of its stake in EIX during the most recent quarter. The investment firm sold 1,110 shares of EIX which is valued $77,434.Washington Trust Bank boosted its stake in EIX in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 2,777 shares of Edison International which is valued at $193,724. Edison International makes up approx 0.05% of Washington Trust Bank’s portfolio.Eqis Capital Management boosted its stake in EIX in the latest quarter, The investment management firm added 705 additional shares and now holds a total of 8,032 shares of Edison International which is valued at $560,312. Edison International makes up approx 0.04% of Eqis Capital Management’s portfolio.Harbour Capital Advisors reduced its stake in EIX by selling 125 shares or 1.86% in the most recent quarter. The Hedge Fund company now holds 6,591 shares of EIX which is valued at $459,788. Edison International makes up approx 0.25% of Harbour Capital Advisors’s portfolio.

Edison International closed down -1.5 points or -2.10% at $69.89 with 22,62,514 shares getting traded on Tuesday. Post opening the session at $71.31, the shares hit an intraday low of $69.47 and an intraday high of $71.31 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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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