Edison International (EIX) Holder Crow Point Partners LLC Has Cut Its Stake by $6.30 Million as Market Value Rose

Edison International (NYSE:EIX) LogoInvestors sentiment decreased to 0.82 in 2018 Q2. Its down 0.11, from 0.93 in 2018Q1. It worsened, as 52 investors sold EIX shares while 182 reduced holdings. 53 funds opened positions while 138 raised stakes. 260.49 million shares or 0.18% less from 260.97 million shares in 2018Q1 were reported. 18,340 are held by Vident Advisory Ltd Liability. Deutsche Bancshares Ag reported 2.77M shares. Moreover, Old National Financial Bank In has 0.01% invested in Edison International (NYSE:EIX) for 4,561 shares. Trexquant Inv Lp holds 24,824 shares or 0.11% of its portfolio. Douglass Winthrop Advsr Limited Liability Co invested in 0.02% or 5,500 shares. Mai Cap owns 4,948 shares or 0.02% of their US portfolio. Bluecrest Mgmt Limited reported 0.01% stake. Daiwa Secs Incorporated stated it has 0.08% of its portfolio in Edison International (NYSE:EIX). Lsv Asset Mgmt holds 1.17 million shares. Geode Ltd invested in 0.07% or 3.83M shares. Magellan Asset Mngmt reported 0.06% of its portfolio in Edison International (NYSE:EIX). Employees Retirement Association Of Colorado has invested 0.02% in Edison International (NYSE:EIX). Guggenheim Llc holds 0.11% of its portfolio in Edison International (NYSE:EIX) for 256,321 shares. Tobam stated it has 2.48% of its portfolio in Edison International (NYSE:EIX). Johnson Financial Group Incorporated Inc accumulated 300 shares.

Crow Point Partners Llc decreased its stake in Edison International (EIX) by 20.62% based on its latest 2018Q2 regulatory filing with the SEC. Crow Point Partners Llc sold 100,000 shares as the company’s stock rose 13.94% with the market. The institutional investor held 385,000 shares of the central company at the end of 2018Q2, valued at $24.44 million, down from 485,000 at the end of the previous reported quarter. Crow Point Partners Llc who had been investing in Edison International for a number of months, seems to be less bullish one the $19.06B market cap company. The stock increased 1.69% or $0.97 during the last trading session, reaching $58.51. About 1.91M shares traded. Edison International (NYSE:EIX) has declined 16.05% since December 8, 2017 and is downtrending. It has underperformed by 31.67% the S&P500.

Crow Point Partners Llc, which manages about $937.00M and $535.79M US Long portfolio, upped its stake in Firstenergy Corp (NYSE:FE) by 200,000 shares to 375,000 shares, valued at $13.57M in 2018Q2, according to the filing.

Analysts await Edison International (NYSE:EIX) to report earnings on February, 28. They expect $1.02 EPS, down 7.27 % or $0.08 from last year’s $1.1 per share. EIX’s profit will be $332.32 million for 14.34 P/E if the $1.02 EPS becomes a reality. After $1.56 actual EPS reported by Edison International for the previous quarter, Wall Street now forecasts -34.62 % negative EPS growth.

More notable recent Edison International (NYSE:EIX) news were published by: Globenewswire.com which released: “CLASS ACTION UPDATE for HON, EIX, ATUS and CMCM: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders – GlobeNewswire” on December 06, 2018, also Globenewswire.com with their article: “The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of IGCC, FIT, EIX, TX and CMCM – GlobeNewswire” published on December 06, 2018, Globenewswire.com published: “CLASS ACTION UPDATE for JT, EIX and CMCM: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders – GlobeNewswire” on December 05, 2018. More interesting news about Edison International (NYSE:EIX) were released by: Streetinsider.com and their article: “Mizuho Securities Upgrades Edison International (EIX) to Buy – StreetInsider.com” published on November 21, 2018 as well as Fool.com‘s news article titled: “Why Edison International Stock Is Surging Today – The Motley Fool” with publication date: November 16, 2018.

Edison International (NYSE:EIX) Ratings Coverage

Among 8 analysts covering Edison Intl (NYSE:EIX), 4 have Buy rating, 1 Sell and 3 Hold. Therefore 50% are positive. Edison Intl had 15 analyst reports since June 11, 2018 according to SRatingsIntel. The rating was maintained by Citigroup with “Neutral” on Monday, July 9. The rating was maintained by Wells Fargo on Friday, July 27 with “Outperform”. The rating was upgraded by Citigroup to “Buy” on Friday, November 16. The firm has “Equal-Weight” rating given on Tuesday, September 11 by Morgan Stanley. As per Wednesday, June 13, the company rating was maintained by Morgan Stanley. The firm earned “Outperform” rating on Monday, September 17 by Wells Fargo. The firm has “Sell” rating given on Wednesday, November 14 by Edward Jones. Bank of America maintained the stock with “Buy” rating in Wednesday, July 25 report. The rating was maintained by Wells Fargo with “Outperform” on Monday, June 11. The firm earned “Neutral” rating on Thursday, October 11 by Bank of America.

Edison International (NYSE:EIX) Institutional Positions Chart

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