Ownership Don’t Lie: Edison International (NYSE:EIX) Institutional Investor Positioning

November 28, 2016 - By kentuckypostne   ·   0 Comments

Ownership Don't Lie: Edison International (NYSE:EIX) Institutional Investor Positioning

Sentiment for Edison International (NYSE:EIX)

Edison International (NYSE:EIX) institutional sentiment decreased to 0.91 in 2016 Q2. Its down -0.14, from 1.05 in 2016Q1. The ratio has dropped, as 235 funds opened new or increased positions, while 224 reduced and sold positions in Edison International. The funds in our partner’s database now own: 263.66 million shares, down from 270.86 million shares in 2016Q1. Also, the number of funds holding Edison International in their top 10 positions was flat from 5 to 5 for the same number . Sold All: 49 Reduced: 175 Increased: 183 New Position: 52.

Edison International is the parent holding firm of Southern California Edison Company . The company has a market cap of $22.98 billion. SCE is engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. It has a 25.61 P/E ratio. It is also the parent firm of subsidiaries that are engaged in competitive businesses focused on providing energy services to commercial and industrial customers, including distributed resources, engaging in transmission opportunities, and exploring distributed water treatment and recycling.

The stock increased 1.12% or $0.77 on November 25, hitting $69.76. Edison International (NYSE:EIX) has risen 1.51% since April 25, 2016 and is uptrending. It has underperformed by 4.50% the S&P500.

Analysts await Edison International (NYSE:EIX) to report earnings on February, 28. They expect $0.95 earnings per share, up 7.95% or $0.07 from last year’s $0.88 per share. EIX’s profit will be $312.94 million for 18.36 P/E if the $0.95 EPS becomes a reality. After $1.27 actual earnings per share reported by Edison International for the previous quarter, Wall Street now forecasts -25.20% negative EPS growth.

According to Zacks Investment Research, “Edison International is an international electric power generator, distributor and structured finance provider. Edison International is one of the industry leaders in privatized, deregulated and incentive-regulated markets and power generation. It is the parent company of Edison Mission Energy, Southern California Edison, Edison Capita, Edison Enterprises and Edison O&M Services. (Company Press Release)”

Rare Infrastructure Ltd holds 4.91% of its portfolio in Edison International for 1.41 million shares. Main Street Research Llc owns 153,519 shares or 2.46% of their US portfolio. Moreover, Reaves W H & Co Inc has 2.41% invested in the company for 888,933 shares. The Massachusetts-based New England Investment & Retirement Group Inc. has invested 2.3% in the stock. Meag Munich Ergo Kapitalanlagegesellschaft Mbh, a Germany-based fund reported 323,000 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 5 insider sales for $6.41 million net activity.

Edison International (NYSE:EIX) Ratings Coverage

Ratings analysis reveals 42% of Edison’s analysts are positive. Out of 12 Wall Street analysts rating Edison, 5 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $62 while the high is $84. The stock’s average target of $72.60 is 4.07% above today’s ($69.76) share price. EIX was included in 26 notes of analysts from August 3, 2015. As per Thursday, August 27, the company rating was upgraded by Evercore. On Monday, October 19 the stock rating was maintained by SunTrust with “Buy”. Barclays Capital maintained the shares of EIX in a report on Friday, January 22 with “Equal-Weight” rating. The stock of Edison International (NYSE:EIX) has “Hold” rating given on Friday, October 16 by Jefferies. The stock has “Buy” rating given by Evercore on Tuesday, January 26. The rating was maintained by Jefferies on Tuesday, May 3 with “Hold”. The rating was downgraded by Guggenheim on Wednesday, October 28 to “Neutral”. The stock of Edison International (NYSE:EIX) has “Neutral” rating given on Thursday, October 29 by Citigroup. The firm has “Buy” rating given on Friday, September 18 by Citigroup. The company was upgraded on Friday, November 6 by Wolfe Research.

EIX Company Profile

Edison International, incorporated on April 20, 1987, is the parent holding firm of Southern California Edison Company (SCE). SCE is a public utility primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Firm is also the parent firm of subsidiaries that are engaged in competitive businesses focused on providing energy services to commercial and industrial customers, including distributed resources, engaging in transmission opportunities, and exploring distributed water treatment and recycling.

More recent Edison International (NYSE:EIX) news were published by: Forbes.com which released: “July 2017 Options Now Available For Edison International (EIX)” on November 21, 2016. Also Zacks.com published the news titled: “Edison International (EIX) Lags Q3 Earnings, Updates View” on November 02, 2016. Businesswire.com‘s news article titled: “LA 2024 Announces Edison International Support to Help Build a New Games for a …” with publication date: October 31, 2016 was also an interesting one.

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