Main Street Research buys $11,642,881 stake in Edison International (EIX)

Edison International (EIX) : Main Street Research scooped up 1,438 additional shares in Edison International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 153,519 shares of Edison International which is valued at $11,642,881.Edison International makes up approximately 2.38% of Main Street Research’s portfolio.

Other Hedge Funds, Including , Delphi Private Advisors added EIX to its portfolio by purchasing 16 company shares during the most recent quarter which is valued at $1,213.Ameritas Investment Partners reduced its stake in EIX by selling 12,969 shares or 26.41% in the most recent quarter. The Hedge Fund company now holds 36,141 shares of EIX which is valued at $2,740,933. Edison International makes up approx 0.18% of Ameritas Investment Partners’s portfolio.New Mexico Educational Retirement Board boosted its stake in EIX in the latest quarter, The investment management firm added 1,900 additional shares and now holds a total of 38,002 shares of Edison International which is valued at $2,887,392. Edison International makes up approx 0.13% of New Mexico Educational Retirement Board’s portfolio.Calamos Advisors boosted its stake in EIX in the latest quarter, The investment management firm added 19 additional shares and now holds a total of 54,211 shares of Edison International which is valued at $4,121,120. Edison International makes up approx 0.04% of Calamos Advisors’s portfolio.

Edison International closed down -0.41 points or -0.55% at $73.97 with 10,66,426 shares getting traded on Tuesday. Post opening the session at $74.35, the shares hit an intraday low of $73.94 and an intraday high of $74.77 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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