Edison International (EIX) Market Valuation Declined While Crow Point Partners Cut Holding; Qep Res (QEP) Holder Stevens Capital Management LP Decreased Its Holding by $681,912 as Market Value Declined

Edison International (NYSE:EIX) Logo

Crow Point Partners Llc decreased its stake in Edison International (EIX) by 15.58% based on its latest 2018Q3 regulatory filing with the SEC. Crow Point Partners Llc sold 60,000 shares as the company’s stock declined 12.31% with the market. The institutional investor held 325,000 shares of the central company at the end of 2018Q3, valued at $22.00 million, down from 385,000 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 $19.68B market cap company. The stock increased 0.57% or $0.34 during the last trading session, reaching $60.41. About 2.13M shares traded. Edison International (NYSE:EIX) has declined 18.02% since February 14, 2018 and is downtrending. It has underperformed by 18.02% the S&P500. Some Historical EIX News: 05/03/2018 Exclusive – Engie buys Edisonâs solar developer; 28/05/2018 – Orgenesis Conference Scheduled By Edison for Jun. 4-6; 14/05/2018 – International Stem Cell Corporation is Valued at $34 Million Market Value by Edison Investment Research; 05/03/2018 – Engie buys Edison Internationalâs solar developer; 30/05/2018 – The Equity Research Company Edison Publishes an Initiation of Coverage Report on ASIT Biotech; 14/03/2018 – Cal EMA Spills: SPILL Report – SOCAL Edison – 03/14/2018 07:37 AM; 08/03/2018 – Thermo Scientific Krios G3i Cryo-Electron Microscope Announced as 2018 Edison Awards Finalist; 13/03/2018 – Cal EMA Spills: SPILL Report – Carey So Cal Edison, 909-222-2871 – 03/12/2018 09:00 PM; 04/04/2018 – GENERAL ELECTRIC: GE & EDISON/EDF GROUP SIGN MILESTONE PACT TO; 10/04/2018 – EDISON CEO: WILL ADVOCATE FOR FIRE LEGISLATION THIS YEAR

Stevens Capital Management Lp decreased its stake in Qep Res Inc (QEP) by 82.88% based on its latest 2018Q3 regulatory filing with the SEC. Stevens Capital Management Lp sold 61,992 shares as the company’s stock declined 24.58% with the market. The hedge fund held 12,805 shares of the energy company at the end of 2018Q3, valued at $145,000, down from 74,797 at the end of the previous reported quarter. Stevens Capital Management Lp who had been investing in Qep Res Inc for a number of months, seems to be less bullish one the $1.91B market cap company. The stock increased 0.75% or $0.06 during the last trading session, reaching $8.08. About 3.11M shares traded. QEP Resources, Inc. (NYSE:QEP) has declined 21.87% since February 14, 2018 and is downtrending. It has underperformed by 21.87% the S&P500. Some Historical QEP News: 23/04/2018 – QEP Company Marketing Set By Stephens Inc. for Apr. 30-May. 2; 19/04/2018 – QEP Rises for 9 Days; Longest Winning Streak in 8 Years; 25/04/2018 – QEP 1Q PRODUCTION 35.1 BCFE; 25/04/2018 – QEP RESOURCES INC – SEES 2018 GAS PRODUCTION 135.0 BCF – 145.0 BCF; 25/04/2018 – QEP 1Q ADJ LOSS/SHR 20C, EST. LOSS/SHR 19C; 04/04/2018 – QEP REPORTS PURCHASE OF SOME PR FLOORS PTY ASSETS; 25/04/2018 – CNBC Wires: QEP Resources: 1Q Earnings Snapshot; 25/04/2018 – QEP RESOURCES INC SEES 2018 OIL & CONDENSATE PRODUCTION 21.5 MMBBL – 23.0 MMBBL; 25/04/2018 – QEP RESOURCES INC – SEES 2018 TOTAL OIL EQUIVALENT PRODUCTION 48.3 MMBOE – 51.9 MMBOE; 30/04/2018 – QEP at Company Marketing Hosted By Stephens Inc. Today

Among 21 analysts covering Edison (NYSE:EIX), 12 have Buy rating, 2 Sell and 7 Hold. Therefore 57% are positive. Edison had 92 analyst reports since August 3, 2015 according to SRatingsIntel. On Wednesday, June 13 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. Barclays Capital maintained Edison International (NYSE:EIX) on Monday, November 19 with “Equal-Weight” rating. The stock of Edison International (NYSE:EIX) earned “Outperform” rating by Wolfe Research on Friday, November 6. The stock has “Buy” rating by Jefferies on Friday, August 11. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, January 22 report. Morgan Stanley maintained Edison International (NYSE:EIX) on Monday, July 16 with “Equal-Weight” rating. The firm earned “Neutral” rating on Tuesday, October 17 by Citigroup. The stock has “Buy” rating by SunTrust on Monday, January 8. The rating was downgraded by Bank of America on Tuesday, January 15 to “Underperform”. The rating was downgraded by UBS to “Hold” on Wednesday, May 17.

Investors sentiment increased to 1.09 in Q3 2018. Its up 0.27, from 0.82 in 2018Q2. It increased, as 41 investors sold EIX shares while 154 reduced holdings. 56 funds opened positions while 156 raised stakes. 263.57 million shares or 1.18% more from 260.49 million shares in 2018Q2 were reported. Chevy Chase Tru Hldgs invested 0.08% in Edison International (NYSE:EIX). Bnp Paribas Asset Holdg reported 14,844 shares stake. Sandy Spring Natl Bank stated it has 0% in Edison International (NYSE:EIX). Citigroup, a New York-based fund reported 56,526 shares. Fmr Ltd Limited Liability Company stated it has 0.02% of its portfolio in Edison International (NYSE:EIX). The Nevada-based Whittier Trust Of Nevada has invested 0% in Edison International (NYSE:EIX). Lpl Financial Ltd holds 31,722 shares or 0.01% of its portfolio. Sumitomo Mitsui Asset Mgmt Limited holds 0.02% or 22,657 shares in its portfolio. Natixis Advisors LP reported 0.02% of its portfolio in Edison International (NYSE:EIX). Amp Investors Limited accumulated 724,852 shares or 0.26% of the stock. Gradient Limited Liability Com reported 2,039 shares or 0.01% of all its holdings. Teacher Retirement System Of Texas reported 38,372 shares stake. Ameriprise Finance holds 1.35M shares or 0.03% of its portfolio. Captrust Fincl Advsrs holds 0.01% of its portfolio in Edison International (NYSE:EIX) for 2,686 shares. Baystate Wealth Management Ltd Llc stated it has 0% in Edison International (NYSE:EIX).

Crow Point Partners Llc, which manages about $937.00M and $581.52 million US Long portfolio, upped its stake in Public Service Enterprise Gp (NYSE:PEG) by 30,000 shares to 280,000 shares, valued at $14.78M in 2018Q3, according to the filing. It also increased its holding in Hubspot Inc (NYSE:HUBS) by 4,708 shares in the quarter, for a total of 7,226 shares, and has risen its stake in Ishares Tr (IJH).

More notable recent Edison International (NYSE:EIX) news were published by: Globenewswire.com which released: “Research Report Identifies Edison International, MPLX LP, Moody’s, AMAG Pharmaceuticals, Cross Country Healthcare, and New Mountain Finance with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement – GlobeNewswire” on January 17, 2019, also Streetinsider.com with their article: “Edison Int’l (EIX) Call put ratio 1 call to 22 puts with focus on February 52.50 and 55 puts – StreetInsider.com” published on January 15, 2019, Seekingalpha.com published: “PG&E bankruptcy may spark California pols, Edison shares – Bloomberg – Seeking Alpha” on February 04, 2019. More interesting news about Edison International (NYSE:EIX) were released by: 247Wallst.com and their article: “RBC Best Idea 2019 Utility Stocks for an Overbought and Overvalued Market – 24/7 Wall St.” published on January 22, 2019 as well as Benzinga.com‘s news article titled: “Well Fargo Downgrades Edison International On Liability Legislation Pessimism (NYSE:EIX)(NYSE:PCG)(NYSE:SRE) – Benzinga” with publication date: February 11, 2019.

Analysts await Edison International (NYSE:EIX) to report earnings on February, 28. They expect $0.97 EPS, down 11.82% or $0.13 from last year’s $1.1 per share. EIX’s profit will be $316.03M for 15.57 P/E if the $0.97 EPS becomes a reality. After $1.56 actual EPS reported by Edison International for the previous quarter, Wall Street now forecasts -37.82% negative EPS growth.

Among 29 analysts covering QEP Resources (NYSE:QEP), 14 have Buy rating, 0 Sell and 15 Hold. Therefore 48% are positive. QEP Resources had 81 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of QEP Resources, Inc. (NYSE:QEP) has “Buy” rating given on Monday, April 23 by Stifel Nicolaus. The firm has “Buy” rating given on Tuesday, January 9 by Piper Jaffray. The rating was maintained by BMO Capital Markets on Monday, June 26 with “Buy”. The firm has “Sell” rating by Credit Suisse given on Monday, December 11. The firm earned “Neutral” rating on Tuesday, November 20 by Credit Suisse. As per Monday, September 18, the company rating was maintained by PiperJaffray. The stock of QEP Resources, Inc. (NYSE:QEP) earned “Buy” rating by Deutsche Bank on Tuesday, June 14. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, September 26 report. The firm has “Hold” rating given on Tuesday, July 18 by Deutsche Bank. Piper Jaffray maintained QEP Resources, Inc. (NYSE:QEP) rating on Thursday, October 19. Piper Jaffray has “Buy” rating and $12.0 target.

Stevens Capital Management Lp, which manages about $6.88B and $2.74B US Long portfolio, upped its stake in Garmin Ltd (NASDAQ:GRMN) by 91,019 shares to 109,924 shares, valued at $7.70M in 2018Q3, according to the filing. It also increased its holding in Ansys Inc (NASDAQ:ANSS) by 3,236 shares in the quarter, for a total of 6,466 shares, and has risen its stake in Cyrusone Inc (NASDAQ:CONE).

Investors sentiment decreased to 0.85 in 2018 Q3. Its down 0.13, from 0.98 in 2018Q2. It dropped, as 30 investors sold QEP shares while 89 reduced holdings. 35 funds opened positions while 66 raised stakes. 222.82 million shares or 2.68% more from 217.01 million shares in 2018Q2 were reported. Monarch Capital holds 0.07% in QEP Resources, Inc. (NYSE:QEP) or 17,675 shares. Texas Permanent School Fund accumulated 149,106 shares. Moreover, Huntington Bancorporation has 0% invested in QEP Resources, Inc. (NYSE:QEP). Bnp Paribas Arbitrage Sa invested in 0% or 150,877 shares. Fdx Advsrs holds 0.01% in QEP Resources, Inc. (NYSE:QEP) or 18,671 shares. Hsbc Holdg Public Ltd Com owns 3.03M shares or 0.06% of their US portfolio. Whittier Trust Com holds 0% or 2,000 shares in its portfolio. Prudential Financial holds 147,787 shares or 0% of its portfolio. River Road Asset Management Ltd Limited Liability Company stated it has 0.07% in QEP Resources, Inc. (NYSE:QEP). Moreover, Fil has 0% invested in QEP Resources, Inc. (NYSE:QEP) for 35 shares. Tiaa Cref Invest Ltd Liability Corporation, New York-based fund reported 650,624 shares. Arizona State Retirement System invested in 0.02% or 168,265 shares. Guinness Asset Mngmt Limited reported 487,390 shares or 1% of all its holdings. First Tru Advsr Limited Partnership reported 1.62 million shares. 20,300 are held by E&G Advsrs Lp.

More recent QEP Resources, Inc. (NYSE:QEP) news were published by: Globenewswire.com which released: “QEP Resources Confirms Receipt of Proposal from Elliott – GlobeNewswire” on January 07, 2019. Also Globenewswire.com published the news titled: “QEP Resources Announces Agreement to Sell Williston Basin Assets for up to $1.725 Billion – GlobeNewswire” on November 07, 2018. Seekingalpha.com‘s news article titled: “QEP Resources: A Steal – Seeking Alpha” with publication date: January 11, 2019 was also an interesting one.

Analysts await QEP Resources, Inc. (NYSE:QEP) to report earnings on February, 27. They expect $0.05 earnings per share, down 95.58% or $1.08 from last year’s $1.13 per share. QEP’s profit will be $11.84 million for 40.40 P/E if the $0.05 EPS becomes a reality. After $0.17 actual earnings per share reported by QEP Resources, Inc. for the previous quarter, Wall Street now forecasts -70.59% negative EPS growth.

Edison International (NYSE:EIX) Institutional Positions Chart