Crow Point Partners LLC Stake in Edison International (EIX) Has Trimmed as Stock Rose

Edison International (NYSE:EIX) LogoInvestors sentiment decreased to 0.82 in Q2 2018. Its down 0.11, from 0.93 in 2018Q1. It dropped, 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. Regentatlantic Capital Ltd Liability Corp accumulated 18,875 shares. Moreover, Wetherby Asset Management Inc has 0.04% invested in Edison International (NYSE:EIX) for 4,564 shares. Ajo LP has 17,856 shares for 0.01% of their portfolio. Veritable LP invested in 0.01% or 8,411 shares. Vantage Inv Advsr Ltd Liability Corporation invested in 0.17% or 11,178 shares. First Midwest Bancorp Division stated it has 0.06% in Edison International (NYSE:EIX). Moreover, Canada Pension Plan Inv Board has 0.09% invested in Edison International (NYSE:EIX) for 767,052 shares. Bokf Na reported 60,685 shares or 0.1% of all its holdings. Int Ca holds 0.29% or 26,400 shares in its portfolio. Barclays Public Ltd Com stated it has 870,272 shares or 0.05% of all its holdings. Lawson Kroeker Investment Mgmt Ne reported 8,100 shares. 145 were accumulated by Ftb Advsr. Violich Capital Mngmt Incorporated has 0.21% invested in Edison International (NYSE:EIX). Peak6 Investments Limited Partnership has invested 0% in Edison International (NYSE:EIX). Csat Advisory Limited Partnership holds 0.1% of its portfolio in Edison International (NYSE:EIX) for 2,883 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 1.91 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 $937.00M and $535.79M US Long portfolio, upped its stake in Firstenergy Corp (NYSE:FE) by 200,000 shares to 375,000 shares, valued at $13.57 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: Streetinsider.com which released: “Mizuho Securities Upgrades Edison International (EIX) to Buy – StreetInsider.com” on November 21, 2018, also Seekingalpha.com with their article: “PG&E surges 40% as bankruptcy fears ease, Citi uprades – Seeking Alpha” published on November 16, 2018, Globenewswire.com published: “The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of IGCC, FIT, EIX, TX and CMCM – GlobeNewswire” on December 06, 2018. More interesting news about Edison International (NYSE:EIX) were released by: Gurufocus.com and their article: “Dec 04, 2018 – Wall Street Sinks on Tuesday – GuruFocus.com” published on December 04, 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 firm has “Equal-Weight” rating given on Monday, July 16 by Morgan Stanley. Wells Fargo maintained the shares of EIX in report on Monday, September 17 with “Outperform” rating. The firm earned “Neutral” rating on Monday, July 9 by Citigroup. The firm has “Sell” rating by Edward Jones given on Wednesday, November 14. As per Friday, July 27, the company rating was maintained by Wells Fargo. The firm has “Buy” rating given on Wednesday, July 25 by Bank of America. The rating was upgraded by Mizuho on Wednesday, November 21 to “Buy”. Morgan Stanley maintained Edison International (NYSE:EIX) rating on Tuesday, September 11. Morgan Stanley has “Equal-Weight” rating and $75 target. As per Monday, June 11, the company rating was maintained by Wells Fargo. The firm has “Neutral” rating by Bank of America given on Thursday, October 11.

Edison International (NYSE:EIX) Institutional Positions Chart

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