Crow Point Partners LLC Cut Its Edison International (EIX) Position as Stock Value Rose

Edison International (NYSE:EIX) LogoInvestors sentiment decreased to 0.82 in Q2 2018. Its down 0.11, from 0.93 in 2018Q1. It dived, 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. 13,833 are owned by Kentucky Retirement. Csat Advisory Ltd Partnership stated it has 0.1% of its portfolio in Edison International (NYSE:EIX). Utd Automobile Association holds 0.01% or 41,097 shares. Element Cap Management Lc owns 6,007 shares. Massachusetts Fincl Services Ma has 0.05% invested in Edison International (NYSE:EIX). South Dakota Invest Council holds 0.03% of its portfolio in Edison International (NYSE:EIX) for 22,400 shares. Northwestern Mutual Wealth Management accumulated 0% or 2,780 shares. Veritable Limited Partnership has 0.01% invested in Edison International (NYSE:EIX). Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 71,277 shares. Northern Trust Corp accumulated 4.33M shares. Baillie Gifford And has 212,640 shares. Robeco Institutional Asset Mgmt Bv reported 0.03% stake. Liberty Mutual Asset Mngmt holds 14,296 shares or 0.02% of its portfolio. Exchange Cap Mgmt accumulated 24 shares. 73,010 were reported by Finemark Financial Bank And Tru.

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 $24.44M, 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 $19.06 billion market cap company. The stock increased 1.69% or $0.97 during the last trading session, reaching $58.51. About 1.91 million 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 $937.00 million and $535.79 million US Long portfolio, upped its stake in Firstenergy Corp (NYSE:FE) by 200,000 shares to 375,000 shares, valued at $13.57 million in 2018Q2, according to the filing.

Analysts await Edison International (NYSE:EIX) to report earnings on February, 28. They expect $1.02 earnings per share, down 7.27 % or $0.08 from last year’s $1.1 per share. EIX’s profit will be $332.32M for 14.34 P/E if the $1.02 EPS becomes a reality. After $1.56 actual earnings per share 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: Fool.com which released: “Why Edison International Stock Is Surging Today – The Motley Fool” on November 16, 2018, also Globenewswire.com with their article: “CLASS ACTION UPDATE for JT, EIX and CMCM: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders – GlobeNewswire” published on December 05, 2018, Globenewswire.com published: “SHAREHOLDER ALERT: TGTX ACHC HTHT IGCC ALGN FIT TSRO EIX MDR ATUS: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines – GlobeNewswire” on November 28, 2018. More interesting news about Edison International (NYSE:EIX) were released by: Globenewswire.com and their article: “SHAREHOLDER ALERT: COST IGCC EIX MDR TX MAR CMCM CURO LOMA: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines – GlobeNewswire” published on December 07, 2018 as well as Globenewswire.com‘s news article titled: “CLASS ACTION UPDATE for EIX, PPDF and BA: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders – GlobeNewswire” with publication date: November 29, 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 Morgan Stanley with “Equal-Weight” on Tuesday, September 11. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, July 16. Bank of America downgraded the stock to “Neutral” rating in Thursday, October 11 report. The company was downgraded on Wednesday, November 14 by Edward Jones. Wells Fargo maintained the shares of EIX in report on Monday, September 17 with “Outperform” rating. The firm has “Outperform” rating given on Friday, July 27 by Wells Fargo. The firm has “Outperform” rating by Wells Fargo given on Monday, June 11. The company was maintained on Thursday, August 2 by Argus Research. On Friday, November 16 the stock rating was upgraded by Citigroup to “Buy”. The stock of Edison International (NYSE:EIX) earned “Buy” rating by Mizuho on Wednesday, November 21.

Edison International (NYSE:EIX) Institutional Positions Chart

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