Payden & Rygel Trims Position in Consolidated Edison, Inc. (ED)

08 December, 2017, 01:53 | Author: Regina Silva

Its down 0.16, from 1.04 in 2017Q1. JPMorgan Chase & Co. increased its holdings in shares of Edison International by 3.6% in the second quarter.

Several institutional investors and hedge funds have recently made changes to their positions in the business. The company has 326.37 Million shares outstanding and 325.24 Million shares were floated in market. Guggenheim Capital Ltd holds 0.13% or 637,200 shares. Sentinel Asset Mgmt holds 0.49% or 74,300 shares. Cullen Ltd Company stated it has 0.15% of its portfolio in Edison International (NYSE:EIX). Arrowstreet Capital Limited Partnership accumulated 0.07% or 296,812 shares. 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.

Dimensional Fund Advsr Limited Partnership reported 0.02% of its portfolio in Edison International (NYSE:EIX). About 3.43M shares traded or 63.68% up from the average. Moreno Evelyn V stated it has 20,315 shares or 1.69% of all its holdings. Geode Mngmt Lc accumulated 3.24 million shares or 0.1% of the stock. Paloma Partners holds 0.02% in Capital One Financial Corporation (NYSE:COF) or 21,019 shares. The investor is now holding $8.92 million shares due in part to a decrease of 313882 new shares in their portfolio. Amica Retiree Medical Trust acquired a new position in shares of Edison International in the third quarter valued at approximately $138,000.

Edison International (NYSE:EIX) belongs to Utilities sector, shares of firm has 20 days moving average price of 0.22% from last close price of 80.76 and act as support or resistance of price limit. Keep in mind that Investors should not rely only on an analyst's recommendation when taking a decision whether to buy, hold, or sell a stock. Therefore 53% are positive. The 52-Week High range of the stock is $83.38, while the 52-week low range is $67.8. There are brokerage firms with lower targets than the average, including one setting a price target of $66. Edison had 48 analyst reports since August 3, 2015 according to SRatingsIntel. Amalgamated Bankshares has invested 0.09% in Edison International (NYSE:EIX). On Monday, October 19 the stock rating was maintained by Suntrust Robinson with "Buy". As per Thursday, October 29, the company rating was downgraded by Citigroup. Vaughan David Il, a Illinois-based fund reported 5,490 shares. Bank of America reaffirmed a "buy" rating and set a $86.00 target price on shares of Edison International in a research note on Tuesday, October 24th. UBS downgraded the stock to "Hold" rating in Wednesday, May 17 report.

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More notable recent Edison International (NYSE:EIX) news were published by: Seekingalpha.com which released: "Edison's 13% fire-fueled selloff an overreaction, SunTrust says; others wait" on December 05, 2017, also Seekingalpha.com with their article: "Southern California Edison: Playing With Fire" published on December 06, 2017, Fool.com published: "Why Toll Brothers, Cleveland-Cliffs, and Edison International Slumped Today" on December 05, 2017. The firm has "Outperform" rating given on Friday, November 6 by Wolfe Research. The firm has "Equalweight" rating by Barclays Capital given on Wednesday, February 24. Jefferies maintained Edison International (NYSE:EIX) on Friday, July 28 with "Hold" rating. Jefferies upgraded the shares of EIX in report on Friday, August 11 to "Buy" rating. In this case performance of tends to percentage rate of return for a stock for a given time frame. The company's quarterly revenue was down 2.5% compared to the same quarter past year.

Shares of Lennar Corporation (NYSE:LEN) have seen a movement of -1.81% in the most recent session. It has underperformed by 4.31% the S&P500.

Analysts await Edison International (NYSE:EIX) to report earnings on February, 20. They expect $0.94 EPS, down 6.93 % or $0.07 from last year's $1.01 per share. EIX's profit will be $306.26 million for 18.97 P/E if the $0.94 EPS becomes a reality. During the same quarter in the previous year, the business posted $1.29 earnings per share. analysts predict that Edison International will post 4.33 earnings per share for the current year. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc (CECONY), Orange and Rockland Utilities, Inc (O&R), Con Edison Clean Energy Businesses, Inc (the Clean Energy Businesses) and Con Edison Transmission, Inc (Con Edison Transmission). The stock's traded 10.03 million shares in session while it holds an average volume of 2.1 million shares. Also, it has an estimated price-earnings (P/E) multiple of 16.07 and a trailing 12-month price-earnings (P/E) multiple of 15.7.

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