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Edison International (NYSE:EIX) Position Reduced by Dynamic Technology Lab Private Ltd

Edison International (NYSE:EIX) Position Reduced by Dynamic Technology Lab Private Ltd

Assetmark Inc. lowered its position in Edison International (NYSE:EIX) by 64.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of EIX. Dynamic Technology Lab Private Ltd's holdings in Edison International were worth $1,005,000 as of its most recent SEC filing. Fuller & Thaler Asset Management Inc. bought a new position in shares of Edison International during the third quarter worth about $137,000. Vanguard Group Inc. now owns 21,821,324 shares of the utilities provider's stock valued at $1,763,600,000 after purchasing an additional 516,860 shares in the last quarter.

Bluecrest Capital Management Ltd increased Rice Energy Inc (NYSE:RICE) stake by 195,020 shares to 226,848 valued at $6.04M in 2017Q2. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. JPMorgan Chase & Co. raised its stake in Edison International by 3.6% during the 2nd quarter. Van ECK Associates Corp boosted its position in shares of Edison International by 24.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 3,717 shares of the utilities provider's stock worth $291,000 after buying an additional 97 shares during the period. Finally, Diligent Investors LLC bought a new position in shares of Edison International during the fourth quarter worth about $208,000. Brighton Jones Llc holds 0.03% or 2,953 shares.

A number of equities analysts have recently commented on the company.

In related news, insider Ronald L. Litzinger sold 224,718 shares of the firm's stock in a transaction dated Wednesday, November 15th. This will give analytical advantage to a shorter-term trader since it pursues the price more intimately, and consequently produces less "lag" as comparison to the longer-term moving average.

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Shares of Consolidated Edison, Inc. Five analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. The stock now has an average rating of "Hold" and a consensus price target of $82.41. The rating was maintained by Argus Research on Wednesday, April 20 with "Buy". The stock was sold at an average price of $82.00, for a total transaction of $18,426,876.00. Institutional investors own 55.69% of the company's stock. M&T Retail Bank Corporation owns 0.12% invested in Biogen Inc. A total of 2.15 million shares exchanged at hands and its average trading volume is standing at 1.55 million shares. $80.57's average target is 15.48% above currents $69.77 stock price. Edison International has a fifty-two week low of $67.80 and a fifty-two week high of $83.38. The company has market cap of $22.39 billion.

The company's ATR (Average True Range) is 0.07. Jefferies maintained Edison International (NYSE:EIX) rating on Monday, June 12. The utilities provider reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.10. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.53 billion. Consolidated Edison had a return on equity of 8.42% and a net margin of 10.42%. The business's revenue for the quarter was down 2.5% on a year-over-year basis. Amer Century Companies holds 0.34% of its portfolio in Edison International (NYSE:EIX) for 4.25M shares. Stockholders of record on Wednesday, November 15th will be issued a $0.69 dividend. This represents a $2.42 annualized dividend and a yield of 3.37%. Financial Architects reported 0.02% in Edison International (NYSE:EIX). Consolidated Edison's payout ratio is 69.00%.

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Edison International is the holding company of Southern California Edison Company (SCE). It supplies electricity primarily to commercial, residential, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks. 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).