Could Edison International (EIX) Gain Strenght? The Stock Reaches 1 Year Low

Parallel Advisors LLC bought a new position in shares of Edison International during the fourth quarter worth about $128,000. Vanguard Group Inc. boosted its position in shares of Edison International by 1.8% during the second quarter. $80.57's average target is 15.48% above currents $69.77 stock price. Boston Partners raised its stake in Edison International by 4.2% during the 2nd quarter. HL Financial Services LLC now owns 2,681 shares of the utilities provider's stock worth $210,000 after buying an additional 70 shares during the period.

Edison International (NYSE:EIX) stock is experiencing unusual volume during today's trading. Looking at volatility levels, the stock observed volatility of 2.46% in last week and saw volatility 2.60% over the past one month. (NYSE:ED) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Edison International's institutional ownership is 83.9%, while its institutional transactions stand at 0.08%. The firm has a market capitalization of $22,806.78, a PE ratio of 15.94, a P/E/G ratio of 2.54 and a beta of 0.23.

Company trading at -13.57% is below its 200 day average.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Monday, May 1st. The utilities provider reported $1.47 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.54 by ($0.07). More interesting news about Edison International (NYSE:EIX) were released by: Seekingalpha.com and their article: "Edison's 13% fire-fueled selloff an overreaction, SunTrust says; others wait" published on December 05, 2017 as well as Barrons.com's news article titled: "The Biggest Loser: Edison International Tumbles 13%" with publication date: December 05, 2017.

EPS Estimate for the next year is 4.28. Edison International's revenue for the quarter was up.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.29 earnings per share. equities analysts forecast that Edison International will post 4.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 29th will be given a $0.605 dividend. This represents a $2.42 dividend on an annualized basis and a dividend yield of 3.37%. Edison International's dividend payout ratio is presently 48.98%. A number of research analysts have issued reports on the company. It improved, as 28 investors sold Edison International shares while 177 reduced holdings. Finally, Bank of America reissued a "buy" rating and issued a $86.00 price target on shares of Edison International in a research report on Tuesday, October 24th. Argus Research maintained Edison International (NYSE:EIX) rating on Wednesday, April 20. ValuEngine raised Consolidated Edison from a "hold" rating to a "buy" rating in a research note on Friday, November 10th. The company has 326.37 Million shares outstanding and 325.24 Million shares were floated in market. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company.

More news: Breath of the Wild DLC Available Tonight!

McEwen Mining Inc. (MUX) analysts on average have given a price target of $84.5 on MUX stock. Btim has invested 0.07% in Edison International (NYSE:EIX).

While under theory that management are shareholders, many value investors look for stocks with a high percent of insider ownership, because they will act in its own self interest, as well create shareholder value in the long-term. Pension Serv accumulated 0.13% or 286,301 shares. About 30,949 shares traded or 65.96% up from the average. As higher figure of institutional mostly indicates intentions of capital gain, which is suitable for passive investors as well stocks with a large amount of institutional ownership are often looked upon favorably. The disclosure for this sale can be found here.

AKS's overall volume in the last trading session was 20,818,371 shares. Following the completion of the transaction, the insider now directly owns 14,121 shares in the company, valued at $1,157,922. Guggenheim Capital Ltd holds 0.13% or 637,200 shares. It supplies electricity primarily to commercial, residential, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.

Several other institutional investors have also recently modified their holdings of EIX.

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