Economy

The Edison International (EIX) Insider Sold $2643168.40 in Stock

Now we will discuss the financial strength of Edison International. Thompson Davis And has invested 0.02% in AFLAC Incorporated (NYSE:AFL). The stock increased 10.42% or $6.52 on November 3, reaching $69.08.

Shares of Consolidated Edison Inc (ED) traded up $0.24 during mid-day trading on Friday, hitting $87.04. (NYSE:MRK) has risen 16.86% since November 5, 2016 and is uptrending. It has outperformed by 99.75% the S&P500. Following the sale, the chief executive officer now directly owns 24,017 shares in the company, valued at $2,014,305.79. They expect $1.30 EPS, up 2.36% or $0.03 from last year's $1.27 per share. The company has market cap of $25.80 billion. The stock increased 0.56% or $0.44 on November 3, reaching $79.52. About 1.19M shares traded. Edison International (NYSE:EIX) has risen 12.39% since November 6, 2016 and is uptrending. The stock presently has an average rating of "Hold" and an average price target of $78.96. The company has market cap of $25.91 billion. As per Thursday, July 27, the company rating was maintained by Wells Fargo. The firm has "Overweight" rating given on Monday, September 21 by JP Morgan. The rating was maintained by Barclays Capital on Friday, January 22 with "Equal-Weight". The rating was downgraded by UBS to "Hold" on Wednesday, May 17. It also upped Us Bancorp (NYSE:USB) stake by 89,109 shares and now owns 201,049 shares.

Investors sentiment increased to 0.92 in Q2 2017. Its up 0.29, from 0.92 in 2017Q1. It dropped, as 24 investors sold SAGE shares while 61 reduced holdings. 111 funds opened positions while 603 raised stakes. Moreover, Lazard Asset Mngmt Limited Liability Corp has 0% invested in Corning Incorporated (NYSE:GLW) for 8,000 shares. Enterprise Financial Services Corp now owns 1,648 shares of the utilities provider's stock worth $133,000 after buying an additional 93 shares during the last quarter. Bradley Foster & Sargent Ct owns 17,130 shares or 0.02% of their U.S. portfolio. Airain Ltd invested 0.67% of its portfolio in Merck & Co., Inc. Northwestern Mutual Wealth Mgmt Com owns 8,013 shares. (NYSE:MRK) for 9,796 shares. The New Jersey-based Tradition Management Lc has invested 0.14% in AFLAC Incorporated (NYSE:AFL). (NYSE:MRK) for 785,719 shares. Manning Napier Ltd owns 441,029 shares. The return on assets ratio shows how well management is employing the company's total assets to make a profit. Wells Fargo And Com Mn invested in 1.97 million shares or 0.05% of the stock. St Germain D J Co Inc holds 6,150 shares or 0.05% of its portfolio. Huntington Natl Bank owns 533,059 shares for 0.6% of their portfolio. Pioneer Mgmt reported 315,880 shares.

More notable recent Merck & Co., Inc. Nasdaq.com's news article titled: "Edison International (EIX) Q3 Earnings: What's in the Cards?" with publication date: October 26, 2017 was also an interesting one. Mizuho reissued a "buy" rating and issued a $87.00 price objective (up from $84.00) on shares of Edison International in a research note on Wednesday, August 23rd. Armbruster Capital Management Inc. lifted its holdings in Consolidated Edison by 127.3% during the second quarter. Shares for $204,182 were sold by WHITE W BRETT on Wednesday, June 7.

Edison International (EIX) is expected to post revenue of $3.23 Billion in the current quarter, according to consensus of 4 analysts. After $0.85 actual EPS reported by Edison International for the previous quarter, Wall Street now forecasts 52.94% EPS growth.

Since May 15, 2017, it had 0 insider purchases, and 3 insider sales for $2.46 million activity.

Investors sentiment decreased to 0.98 in 2017 Q2. Its up 0.29, from 0.92 in 2017Q1.

Pres. Edison Energy Group, Inc at Edison International, Litzinger Ronald L on 2017-08-15 Sell 224715 shares of the company at a price of $80.54.

Aperio Group LLC raised its stake in Consolidated Edison Inc (NYSE:ED) by 4.8% during the third quarter, according to its most recent disclosure with the SEC. The company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.06. Raymond James Services Inc reported 0.02% stake. Estabrook stated it has 0% of its portfolio in Edison International (NYSE:EIX). Value investors will surely go for the low or decreasing P/FCF totals and reasonably low stock share prices. Whittier Tru reported 0.01% in Edison International (NYSE:EIX). Commonwealth Equity Serv holds 41,500 shares. 2,953 were accumulated by Brighton Jones Lc. Qualcomm Inc (NASDAQ:QCOM) was raised too. Great West Life Assurance Can holds 4,162 shares. The original version of this piece can be viewed at https://stocknewstimes.com/2017/11/05/first-trust-advisors-lp-has-71-09-million-stake-in-edison-international-eix.html. The SI to Edison International's float is 1.25%. Jefferies Group LLC reaffirmed a "hold" rating and set a $83.50 target price on shares of Consolidated Edison in a research note on Thursday, August 31st. Bb&T Secs Ltd Company owns 5,464 shares for 0.01% of their portfolio. This represents a $2.76 annualized dividend and a dividend yield of 3.17%. Comparatively, Edison International posted earnings of $0.94 per share in the same quarter a year ago. Therefore 28% are positive. Corning Incorporated had 42 analyst reports since July 30, 2015 according to SRatingsIntel. The company was upgraded on Thursday, January 19 by Evercore. The stock of Edison International (NYSE:EIX) earned "Buy" rating by RBC Capital Markets on Wednesday, October 18. Finally, Bank of America Corporation initiated coverage on Consolidated Edison in a research report on Tuesday, October 24th. The firm earned "Buy" rating on Wednesday, April 20 by Argus Research. The firm has "Neutral" rating given on Friday, March 31 by Citigroup.

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