Economy

Edison International (EIX) Stake Decreased by Brookfield Asset Management Inc

Shares of Edison International stock traded down $0.48 during midday trading on Tuesday, hitting $62.98. Using market capitalization to show the size of a company is important because company size is a basic determinant of various characteristics in which investors are interested, including risk. About 7.06M shares traded or 13.12% up from the average. For Edison International (NYSE:EIX), Stochastic %D value stayed at 58.19% for the last 9 days. It has underperformed by 14.73% the S&P500.

Focused Wealth Management Inc decreased its stake in Johnson & Johnson (JNJ) by 22.97% based on its latest 2017Q4 regulatory filing with the SEC. FDx Advisors Inc. now owns 4,602 shares of the utilities provider's stock worth $355,000 after purchasing an additional 653 shares during the period. After $0.47 actual earnings per share reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts 25.53% EPS growth. Commerce Bank who had been investing in Diageo P L C for a number of months, seems to be bullish on the $85.02B market cap company. The standard deviation is used in making an investment decision to measure the amount of historical volatility, or risk, linked with an investment relative to its annual rate of return. The Melvin Capital Management Lp holds 2.30 million shares with $75.33M value, up from 500,000 last quarter. Yandex N.V. (NASDAQ:YNDX) has risen 79.21% since April 5, 2017 and is uptrending. It also reduced Summit Matls Inc stake by 525,000 shares and now owns 1.30 million shares.

Companies that can increase earnings at a high compound rate over time are attractive to investors. It's down -0.40, from 1.3 in 2017Q3. Also, the number of institutional investors holding Northfield Bancorp Inc in top ten equity positions was flat from 0 to 0 for the same number. 162 funds opened positions while 585 raised stakes. That activity is comparable to their recent volume average trend of almost 2.31 million shares which they recorded over a period of three months. Edison International had a return on equity of 10.86% and a net margin of 5.59%. Edison International's dividend payout ratio (DPR) is presently 53.78%.

The stock of Edison International (NYSE:EIX) registered an increase of 15.64% in short interest. Ibm Retirement Fund reported 7,635 shares. Aviva Public Ltd Company has 160,908 shares. Dubuque State Bank & Tru, Iowa-based fund reported 3,617 shares. Swiss Commercial Bank owns 1.40M shares for 0.1% of their portfolio. Parsley Energy, Inc. (NYSE:PE) has declined 12.13% since April 8, 2017 and is downtrending. Aperio Grp Limited Liability Co stated it has 147,709 shares or 0.05% of all its holdings. The company has a consensus rating of "Hold" and an average target price of $76.79. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company's stock. Therefore 48% are positive. Edison International had 27 analyst reports since October 6, 2017 according to SRatingsIntel. The rating was maintained by Deutsche Bank with "Buy" on Tuesday, October 6.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. The company was upgraded on Thursday, January 19 by Evercore. SunTrust maintained the stock with "Buy" rating in Monday, March 19 report. The stock has "Overweight" rating by Piper Jaffray on Monday, August 24.

The shares of the company (EIX) staged the smart recovery as has roared back some 9.49% after stumbling to its new 52-weeks low. Edward Jones downgraded shares of Edison International from a hold rating to a sell rating in a research report on Wednesday, December 27th. On Sunday, August 13 the stock rating was maintained by RBC Capital Markets with "Buy". Eastern Bank & Trust has 0.02% invested in Edison International (NYSE:EIX) for 3,645 shares. It increased, as 54 investors sold Edison International shares while 157 reduced holdings. The rating was maintained by Jefferies with "Buy" on Thursday, January 11. EIX's profit would be $306.27 million giving it 16.80 P/E if the $0.94 EPS is correct. Its up 0.04, from 0.83 in 2017Q3. The formula for calculating the price-earnings ratio for any stock is simple: the market value per share divided by the earnings per share (EPS). Quantitative Management Lc reported 57,600 shares stake. Stockholders of record on Friday, September 30th were issued a dividend of $0.48 per share. Jarislowsky Fraser Limited has 1.56 million shares. Oppenheimer Asset Inc holds 8,479 shares. This is represented as the equation (P/EPS), where P is the market price and EPS is the earnings per share. Highland Mngmt Ltd Liability reported 1.98% stake. Amalgamated Bancorporation reported 1.29% of its portfolio in Johnson & Johnson (NYSE:JNJ). Seizert Capital Ltd Liability holds 1.44% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 286,368 shares. Carderock Capital Mgmt has 0.4% invested in Johnson & Johnson (NYSE:JNJ).



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