Economy

Quarterly Financial Watch for Edison International (NYSE:EIX)

Quarterly Financial Watch for Edison International (NYSE:EIX)”

Its down 0.03, from 1.04 in 2017Q1. Hot Stocks Point (HSP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. 69 funds opened positions while 179 raised stakes. 263.50 million shares or 0.35% more from 262.59 million shares in 2017Q1 were reported. Allstate, a Illinois-based fund reported 13,525 shares. 9,487 were accumulated by Covington Mgmt. South State Corp accumulated 0.03% or 2,700 shares.

Publicly-traded company Edison International (NYSE:EIX) had a closing price of $77.60 yesterday. BMO Capital Markets maintained Edison International (NYSE:EIX) rating on Tuesday, August 15.

The company has a current ratio of 0.6 gauging towards its ability in paying short-term and long-term obligations. During the same period in the previous year, the company earned $0.85 earnings per share. Jones Collombin Investment Counsel Inc now owns 3,570 shares of the utilities provider's stock worth $279,000 after purchasing an additional 1,825 shares in the last quarter. British Columbia Investment has 0.17% invested in Edison International (NYSE:EIX). Ontario Teachers Pension Plan Board holds 0.14% or 152,675 shares. Verition Fund Mngmt Ltd Limited Liability Company holds 5,531 shares or 0.04% of its portfolio. Tiemann Inv Advsr Limited Liability Co holds 0.32% of its portfolio in Edison International (NYSE:EIX) for 4,550 shares.

Since May 15, 2017, it had 0 buys, and 3 insider sales for $2.46 million activity. WHITE W BRETT had sold 2,500 shares worth $204,182 on Wednesday, June 7.

Among 16 analysts covering Edison (NYSE:EIX), 9 have Buy rating, 0 Sell and 7 Hold.

EIX has been the subject of a number of recent analyst reports.

Based on the latest notes released to investors, 4 analysts have issued a rating of "buy", 4 analysts "outperform", 7 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". Therefore 56% are positive. Edison International has a one year low of $67.44 and a one year high of $82.82. Edison International has an average rating of "Hold" and a consensus target price of $85.00. Edison had 42 analyst reports since August 3, 2015 according to SRatingsIntel.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. The firm earned "Hold" rating on Thursday, July 13 by Jefferies. The stock of Edison International (NYSE:EIX) has "Hold" rating given on Monday, April 18 by Deutsche Bank. Mizuho reaffirmed a "buy" rating and issued a $86.00 price target on shares of Edison International in a research note on Monday, October 9th. On Thursday, August 27 the stock rating was upgraded by Evercore to "Buy". Edison International presently has a consensus rating of "Hold" and an average price target of $84.00. As per Monday, September 26, the company rating was maintained by SunTrust. Morgan Stanley lifted their target price on Edison International from $90.00 to $92.00 and gave the company an "equal weight" rating in a report on Friday, September 8th. Blue Ridge Capital Llc bought 612,500 shares as the company's stock declined 3.64% while stock markets rallied. Edison International (NYSE:EIX) has risen 12.39% since October 18, 2016 and is uptrending. It has underperformed by 4.31% the S&P500. The analysts estimated EPS for the higher end at 1.01 and lower end at 0.75 while the year ago reported earnings per share was 0.95. EIX's profit will be $423.59M for 14.88 P/E if the $1.30 EPS becomes a reality. In contrast to the year ago quarter EPS was at 0.88.

Edison International, launched on April 20, 1987, is the holding company of Southern California Edison Company (SCE). The company has a market cap of $26.15 billion, a price-to-earnings ratio of 18.98 and a beta of 0.24. As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc. (Edison Energy Group), a holding firm for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.

Another recent and important Sensata Technologies Holding N.V. (NYSE:ST) news was published by Nasdaq.com which published an article titled: "Sensata Technologies Announces Completion of Consent Solicitations Related to ..." on October 11, 2017.



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