Could Edison International (EIX) Change Direction After Reaching 52-Week Low?

EIX+Dividend+History+Chart

It increased, as 28 investors sold Edison International shares while 177 reduced holdings.

Hedge funds have recently made changes to their positions in the company. This indicates more downside for the $6.85 million company.

Transamerica Fin Advsr Inc reported 0.89% of its portfolio in Edison International (NYSE:EIX).

Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also helps in determining where it may be possibly heading. Tiedemann Wealth Ltd, New York-based fund reported 14,986 shares. The 52-Week High range of the stock is $83.38, while the 52-week low range is $67.8. Teachers Retirement Systems Of The State Of Kentucky holds 35,450 shares or 0.03% of its portfolio.

Baldwin Brothers Inc decreased Procter & Gamble Co (NYSE:PG) stake by 7,520 shares to 5,675 valued at $495,000 in 2017Q2. Assetmark holds 0.23% or 229,605 shares in its portfolio. " The annualized dividend paid by Edison International is $2.17/share, now paid in quarterly installments, and its most recent dividend ex-date was on 09/28/2017". Voya Investment Mngmt Ltd Liability Corp reported 232,614 shares. Guggenheim Capital Ltd holds 0.13% or 637,200 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt has 0.03% invested in Edison International (NYSE:EIX). Engineers Gate Manager Limited Partnership invested in 0.09% or 12,616 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mngmt accumulated 0.03% or 39,700 shares.

Shares of Edison International (NYSE EIX) traded down $10.26 on Tuesday, hitting $70.00. BMO Capital Markets reaffirmed an "outperform" rating and set a $85.00 target price (up previously from $82.00) on shares of Edison International in a research note on Wednesday, May 3rd. Mizuho reiterated a "buy" rating and issued a $87.00 price target (up from $84.00) on shares of Edison International in a report on Wednesday, August 23rd. Next year this growth will reach 12.05% to attain $5.95. The volume of the company in the last trading session was 2.26 Million. About 5.88 million shares traded or 197.72% up from the average. Union Pacific Corporation (NYSE:UNP) has risen 31.45% since December 6, 2016 and is uptrending. It has underperformed by 4.31% the S&P500.

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Edison International most recently reported earnings per share (EPS) of $1.43 for the September 2017 versus $1.34 in the same quarter a year ago, representing 7% growth.

Average Revenue Estimate of the company for the current Fiscal Quarter is $76.45 Million, according to consensus of 2 analysts.

The company has a market capitalization of $26,149.61, a PE ratio of 18.28, a PEG ratio of 2.91 and a beta of 0.23. The report also cited the strong quarterly dividend history at Edison International, and favorable long-term multi-year growth rates in key fundamental data points. Narrowing in, the stock is at a distance of -17.85% from the 50 day high and -0.93% off of the 50 day low. Therefore 59% are positive. Edison had 48 analyst reports since August 3, 2015 according to SRatingsIntel.

COPYRIGHT VIOLATION NOTICE: "Edison International (EIX) Downgraded by ValuEngine to "Hold" was first reported by The Lincolnian Online and is owned by of The Lincolnian Online. The firm earned "Buy" rating on Wednesday, October 18 by RBC Capital Markets. The firm has "Buy" rating by Jefferies given on Friday, August 11. Bank of America maintained Union Pacific Corporation (NYSE:UNP) on Friday, September 11 with "Buy" rating. The firm has "Hold" rating given on Friday, October 16 by Jefferies. As per Thursday, August 27, the company rating was upgraded by Evercore.

Edison International (NYSE:EIX) last released its quarterly earnings results on Monday, October 30th. Citigroup maintained Edison International (NYSE:EIX) on Wednesday, July 20 with "Neutral" rating. More interesting news about Edison International (NYSE:EIX) were released by: Seekingalpha.com and their article: "Edison's 13% fire-fueled selloff an overreaction, SunTrust says; others wait" published on December 05, 2017 as well as Barrons.com's news article titled: "The Biggest Loser: Edison International Tumbles 13%" with publication date: December 05, 2017.

Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. The stock has a market cap of 626.02 Million.

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