Castleton Investment Management adds Edison International (EIX) to its portfolio

Edison International (EIX) : Castleton Investment Management added new position in Edison International during the most recent quarter end. The investment management firm now holds 255,190 shares of Edison International which is valued at $17,439,685 , the company said in a statement filed on Nov 14, 2016 with the SEC.Edison International makes up approximately 8.47% of Castleton Investment Management’s portfolio.

Other Hedge Funds, Including , Massachusetts Financial Services Co reduced its stake in EIX by selling 158,828 shares or 15.81% in the most recent quarter. The Hedge Fund company now holds 845,716 shares of EIX which is valued at $57,796,231. Edison International makes up approx 0.03% of Massachusetts Financial Services Co’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys reduced its stake in EIX by selling 7,479 shares or 28.67% in the most recent quarter. The Hedge Fund company now holds 18,608 shares of EIX which is valued at $1,305,723. Edison International makes up approx 0.03% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio. Winton Group Ltd added EIX to its portfolio by purchasing 74,541 company shares during the most recent quarter which is valued at $5,334,899. Edison International makes up approx 0.09% of Winton Group Ltd’s portfolio.Gateway Investment Advisers reduced its stake in EIX by selling 156 shares or 0.69% in the most recent quarter. The Hedge Fund company now holds 22,594 shares of EIX which is valued at $1,610,048. Edison International makes up approx 0.01% of Gateway Investment Advisers’s portfolio.Crestpoint Capital Management reduced its stake in EIX by selling 1,100 shares or 7.43% in the most recent quarter. The Hedge Fund company now holds 13,700 shares of EIX which is valued at $970,645. Edison International makes up approx 0.51% of Crestpoint Capital Management’s portfolio.

Edison International closed down -0.24 points or -0.35% at $68.45 with 9,82,170 shares getting traded on Monday. Post opening the session at $68.66, the shares hit an intraday low of $68.16 and an intraday high of $69.04 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Edison International reported $1.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $1.28. The company had revenue of $3767.00 million for the quarter, compared to analysts expectations of $3895.99 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS.

Edison International is the parent holding company of Southern California Edison Company (SCE) and subsidiaries. SCE is a public utility primarily engaged in the business of supplying and delivering electricity to an approximately 50000 square mile area of southern California. Edison International is also the parent company of subsidiaries that are engaged in businesses related to the generation or use of electricity. Edison International’s other subsidiaries include Edison Mission Group Inc. and SoCore Energy LLC. Edison Mission Group Inc. is a wholly owned subsidiary of Edison International and the parent company of Edison Mission Energy and Edison Capital. SoCore Energy LLC a subsidiary engaged in distributed generation has constructed 26 Megawatt of rooftop solar systems in nine states selling power back to commercial customers under power purchase agreements.

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