Duff Phelps Investment Management Co buys $75,961,473 stake in Edison International (EIX)

Edison International (EIX) : Duff Phelps Investment Management Co scooped up 31,675 additional shares in Edison International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 1,072,145 shares of Edison International which is valued at $75,961,473.Edison International makes up approximately 1.10% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in EIX in the latest quarter, The investment management firm added 2,157 additional shares and now holds a total of 79,411 shares of Edison International which is valued at $5,626,269. Edison International makes up approx 0.13% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Simplex Trading reduced its stake in EIX by selling 2,146 shares or 72.09% in the most recent quarter. The Hedge Fund company now holds 831 shares of EIX which is valued at $58,079. Edison International makes up approx 0.01% of Simplex Trading’s portfolio.First American Trust Fsb reduced its stake in EIX by selling 987 shares or 2.0% in the most recent quarter. The Hedge Fund company now holds 48,291 shares of EIX which is valued at $3,368,780. Edison International makes up approx 1.06% of First American Trust Fsb’s portfolio.Washington Trust Bank boosted its stake in EIX in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 2,777 shares of Edison International which is valued at $193,724. Edison International makes up approx 0.05% of Washington Trust Bank’s portfolio.

Edison International closed down -0.16 points or -0.23% at $70.85 with 17,90,056 shares getting traded on Friday. Post opening the session at $70.69, the shares hit an intraday low of $70.29 and an intraday high of $71.42 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Edison International reported $0.85 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.97. The company had revenue of $2777.00 million for the quarter, compared to analysts expectations of $3158.65 million. The company’s revenue was down -4.5 % 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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