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techkenyot.com December 12, 2017


Could Edison International (EIX) Gain Strenght? The Stock Reaches 1 Year Low

08 December 2017, 01:49 | Hattie Nash

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. The company's outstanding shares are 332.99 Million.

Meiji Yasuda Asset Company has invested 0.07% in Edison International (NYSE:EIX). Guggenheim Capital Ltd holds 0.13% or 637,200 shares. Barclays Capital maintained the shares of EIX in report on Wednesday, February 24 with "Equalweight" rating. First Allied Advisory holds 4,077 shares or 0.01% of its portfolio. Fin Services stated it has 153 shares. Brighton Jones Llc holds 0.03% or 2,953 shares. New York State Common Retirement Fund has 775,023 shares for 0.08% of their portfolio. Stevens Cap Mngmt Ltd Partnership reported 102,184 shares or 0.3% of all its holdings. Ig Inv Management owns 152,892 shares for 0.06% of their portfolio. Amalgamated Bancorporation holds 0.09% of its portfolio in Edison International (NYSE:EIX) for 35,902 shares. Old Mutual Global Invsts (Uk) Ltd holds 0.51% of its portfolio in Edison International (NYSE:EIX) for 541,606 shares. Bessemer Gru Inc accumulated 0.6% or 1.91 million shares. Norinchukin Bancshares The has invested 0.04% in Edison International (NYSE:EIX).

Temporary downside caused buying opportunity with money flow recorded at $27.79M this was driven by Edison International up down ratio was at 1.23X for Wednesday, Dec 06 with buying at $149.46 Million in positive, while buying at dips stood at $121.67 ML, this means that institutional investors used dip to accumulate assets with BT at $21.27 ML and together with block ratio of 3.75x of which upticks contributed $29.01 MN while down ticks bought in $7.74 Million, and as traders bought in to weakness and they expect price to reverse and move against the trader. OxFORD Asset Management LLP acquired a new position in shares of Edison International in the second quarter valued at approximately $204,000. Its 52-week high and low range is between $4.43 and $1.88.

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Looking forward, the company's quarterly earnings are expected to come at $1.27 in the three months through December 2017 and $1.51 in the quarter ending March 2018, reflecting 11.4% and 11.03% growth, respectively. According to the most recent data, Edison International has a 52-week high of $83.38 and a 52-week low of $68.76.

Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also helps in determining where it may be possibly heading.

The stock decreased 2.20% or $1.54 during the last trading session, reaching $68.46. About 1.45 million shares traded. Edison International (EIX) has risen 12.39% since December 6, 2016 and is uptrending. It has underperformed by 16.70% the S&P500. WFG Advisors LP now owns 1,308 shares of the utilities provider's stock worth $106,000 after buying an additional 214 shares during the last quarter. EIX's profit will be $306.26M for 18.21 P/E if the $0.94 EPS becomes a reality. After $2.42 actual EPS reported by Capital One Financial Corporation for the previous quarter, Wall Street now forecasts -23.97% negative EPS growth. Keep in mind that Investors should not rely only on an analyst's recommendation when taking a decision whether to buy, hold, or sell a stock. Therefore 59% are positive. BidaskClub raised Consolidated Edison from a "hold" rating to a "buy" rating in a research report on Tuesday, August 22nd. Mizuho maintained it with "Buy" rating and $86.0 target in Friday, October 6 report. The rating was maintained by SunTrust on Monday, October 19 with "Buy". Tci Wealth Advisors Inc stated it has 0.04% of its portfolio in Edison International (NYSE:EIX). On Friday, September 18 the stock rating was initiated by Citigroup with "Buy". BMO Capital Markets maintained the stock with "Buy" rating in Thursday, July 13 report. The rating was maintained by Citigroup on Monday, September 14 with "Neutral".

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Analysts await Edison International (NYSE:EIX) to report earnings on February, 20. Barclays Capital maintained Edison International (NYSE:EIX) rating on Friday, January 22. More interesting news about Edison International (NYSE:EIX) were released by: Seekingalpha.com and their article: "Edison's 13% fire-fueled selloff an overreaction, SunTrust says; others wait" published on December 05, 2017 as well as Barrons.com's news article titled: "The Biggest Loser: Edison International Tumbles 13%" with publication date: December 05, 2017. The company's market cap is $22.43 Billion, and the average volume is $1.98 Million. The firm generates electricity through hydroelectric, diesel, natural gas, nuclear, and photovoltaic sources. It supplies electricity primarily to commercial, residential, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.

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