Integrated Investment Consultants Lowers stake in Edison International (EIX)

Edison International (EIX) : Integrated Investment Consultants reduced its stake in Edison International by 3.6% during the most recent quarter end. The investment management company now holds a total of 1,929 shares of Edison International which is valued at $136,670 after selling 72 shares in Edison International , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Edison International makes up approximately 0.07% of Integrated Investment Consultants’s portfolio.

Other Hedge Funds, Including , Duff Phelps Investment Management Co boosted its stake in EIX in the latest quarter, The investment management firm added 31,675 additional shares and now holds a total of 1,072,145 shares of Edison International which is valued at $75,961,473. Edison International makes up approx 1.10% of Duff Phelps Investment Management Co’s portfolio.Hexavest boosted its stake in EIX in the latest quarter, The investment management firm added 291,292 additional shares and now holds a total of 653,587 shares of Edison International which is valued at $45,365,474. Edison International makes up approx 0.83% of Hexavest’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.Harbour Capital Advisors reduced its stake in EIX by selling 125 shares or 1.86% in the most recent quarter. The Hedge Fund company now holds 6,591 shares of EIX which is valued at $459,788. Edison International makes up approx 0.25% of Harbour Capital Advisors’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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