Traders are feeling more bullish on Edison International of late as implied by the fall in short interest. The company saw a fall in short interest of -5.02% as of the latest report on October 31, 2017. Short shares decreased 204,249 over that timeframe. With short interest at 3,864,737 and short average daily volume at 1,749,254, days to cover is 2.0 and the percentage of shorted shares was 0.01% on October 31.
Here are a few substantial investment firms who have updated their positions. As of quarter end Great Lakes Advisors, LLC had acquired 520 shares growing its stake by 19.7%. The value of the investment in (EIX) went from $207,000 to $244,000 increasing 17.9% since the last quarter. As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had bought a total of 2,291 shares growing its holdings by 9.5%. The value of the total investment in Edison International increased from $1,893,000 to $2,045,000 a change of $152,000 quarter over quarter.
Omers Administration Corp added to its holdings by buying 20,142 shares an increase of 73.1% in the quarter. Omers Administration Corp now controls 47,700 shares worth $3,681,000. The value of the position overall is up by 70.8%. Raymond James & Associates downsized its stake by selling 10,853 shares a decrease of 4.1% from 06/30/2017 to 09/30/2017. Raymond James & Associates controls 250,798 shares with a value of $19,354,000. The total value of its holdings decreased 5.4%.
On October 30 SunTrust Banks maintained a stock rating of “Buy” projecting a price of $89.00. October 24 investment analysts at Bank of America Corporation made no change to the company rating of “Buy” with a current price target of $86.00.
Citigroup raised the price target on October 17 changing the price objective from $84.00 to $87.00 and issued a “Neutral” rating. October 9 investment analysts at Mizuho left the company rating at “Buy” targeting a price of $86.00.
On October 2 SunTrust Banks held the stock rating at “Buy” with a current price target of $89.00. September 17 investment analysts at Royal Bank Of Canada held the company rating at “Buy” with a current price target of $84.00.
In the market the company is trading down by 0.91% percent from yesterday’s close. The company currently has a P/E ratio of 18.70 and the market cap of the company is 26.68B. In the latest earnings report the EPS was $4.38 with 325.81M shares currently outstanding.
Edison International, launched on April 20, 1987, is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc. (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers..