Edison International (EIX) Market Value Declined While Ferguson Wellman Capital Management INC Has Lifted Position by $3.11 Million

April 17, 2018 - By Migdalia James

Edison International (NYSE:EIX) LogoInvestors sentiment increased to 1.25 in 2017 Q4. Its up 0.10, from 1.15 in 2017Q3. It is positive, as 54 investors sold EIX shares while 157 reduced holdings. 71 funds opened positions while 192 raised stakes. 258.17 million shares or 0.70% less from 259.99 million shares in 2017Q3 were reported. Commonwealth Comml Bank Of holds 40,835 shares or 0.03% of its portfolio. Greenwood Associate Limited Liability stated it has 0.06% of its portfolio in Edison International (NYSE:EIX). Pzena Inv Mngmt Ltd reported 0.55% in Edison International (NYSE:EIX). Moore Mgmt LP holds 0.04% in Edison International (NYSE:EIX) or 35,000 shares. Regentatlantic invested 0.19% of its portfolio in Edison International (NYSE:EIX). Synovus has 5,983 shares. Sun Life holds 719 shares or 0% of its portfolio. Fmr Ltd Liability reported 204,408 shares. Lombard Odier Asset Management (Switzerland) Sa holds 0.09% or 15,329 shares in its portfolio. Violich Capital Mngmt invested 0.21% of its portfolio in Edison International (NYSE:EIX). Amalgamated Savings Bank holds 0.07% of its portfolio in Edison International (NYSE:EIX) for 40,129 shares. Associated Banc stated it has 0.12% in Edison International (NYSE:EIX). Numeric Investors Ltd owns 0.22% invested in Edison International (NYSE:EIX) for 481,100 shares. United Automobile Association reported 0.08% stake. 300 were accumulated by Johnson Financial Gru.

Ferguson Wellman Capital Management Inc increased its stake in Edison International (EIX) by 17.13% based on its latest 2017Q4 regulatory filing with the SEC. Ferguson Wellman Capital Management Inc bought 49,376 shares as the company’s stock declined 3.19% with the market. The institutional investor held 337,647 shares of the central company at the end of 2017Q4, valued at $21.35 million, up from 288,271 at the end of the previous reported quarter. Ferguson Wellman Capital Management Inc who had been investing in Edison International for a number of months, seems to be bullish on the $21.25 billion market cap company. The stock increased 1.19% or $0.77 during the last trading session, reaching $65.22. About 3.24 million shares traded. Edison International (NYSE:EIX) has declined 21.55% since April 17, 2017 and is downtrending. It has underperformed by 33.10% the S&P500.

Ferguson Wellman Capital Management Inc, which manages about $3.83 billion and $2.90B US Long portfolio, decreased its stake in Canadian Natl Railway (NYSE:CNI) by 79,189 shares to 6,860 shares, valued at $566,000 in 2017Q4, according to the filing. It also reduced its holding in Hasbro (NASDAQ:HAS) by 125,758 shares in the quarter, leaving it with 185,996 shares, and cut its stake in Ameren (NYSE:AEE).

Edison International (NYSE:EIX) Ratings Coverage

Among 13 analysts covering Edison International (NYSE:EIX), 4 have Buy rating, 1 Sell and 8 Hold. Therefore 31% are positive. Edison International had 28 analyst reports since October 18, 2017 according to SRatingsIntel. Citigroup maintained Edison International (NYSE:EIX) on Monday, January 22 with “Hold” rating. The firm has “Neutral” rating given on Wednesday, December 6 by Mizuho. SunTrust maintained Edison International (NYSE:EIX) rating on Monday, March 19. SunTrust has “Buy” rating and $72.0 target. The rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, February 13. Mizuho maintained it with “Hold” rating and $59.0 target in Friday, February 2 report. SunTrust maintained the shares of EIX in report on Tuesday, December 26 with “Buy” rating. On Monday, April 16 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. Guggenheim maintained Edison International (NYSE:EIX) on Tuesday, January 2 with “Hold” rating. The stock of Edison International (NYSE:EIX) has “Neutral” rating given on Tuesday, April 10 by JP Morgan. The firm earned “Hold” rating on Friday, January 12 by J.P. Morgan.

Edison International (NYSE:EIX) Institutional Positions Chart

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