Edison International (EIX) : Pensionfund Dsm Netherlands added new position in Edison International during the most recent quarter end. The investment management firm now holds 55,000 shares of Edison International which is valued at $3,817,550 , the company said in a statement filed on Oct 12, 2016 with the SEC.Edison International makes up approximately 0.53% of Pensionfund Dsm Netherlands’s portfolio.
Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in EIX in the latest quarter, The investment management firm added 15,250 additional shares and now holds a total of 42,330 shares of Edison International which is valued at $2,938,125. Edison International makes up approx 0.04% of Nisa Investment Advisors’s portfolio.Raymond James Trust N.a. boosted its stake in EIX in the latest quarter, The investment management firm added 41 additional shares and now holds a total of 4,390 shares of Edison International which is valued at $308,441. Edison International makes up approx 0.03% of Raymond James Trust N.a.’s portfolio.Advisory Services Network reduced its stake in EIX by selling 9,524 shares or 96.51% in the most recent quarter. The Hedge Fund company now holds 344 shares of EIX which is valued at $24,042.Exxonmobil Investment Management Inc Tx reduced its stake in EIX by selling 1,145 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 83,191 shares of EIX which is valued at $5,814,219. Edison International makes up approx 0.12% of Exxonmobil Investment Management Inc Tx’s portfolio.
Edison International closed down -0.85 points or -1.21% at $69.41 with 14,20,123 shares getting traded on Tuesday. Post opening the session at $70.18, the shares hit an intraday low of $69.23 and an intraday high of $70.24 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 Internationals 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.