NEW YORK (

TheStreet

) --

Edison International

(NYSE:

EIX

) hit a new 52-week high Wednesday as it is currently trading at $40.16, above its previous 52-week high of $40.15 with 1.6 million shares traded as of 3:15 p.m. ET. Average volume has been 2.7 million shares over the past 30 days.

Edison International has a market cap of $12.9 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 2.5% year to date as of the close of trading on Tuesday.

Edison International, through its subsidiaries, engages in the supply of electric energy. The company supplies electricity through transmission and distribution network primarily to commercial, residential, industrial, and agricultural customers, as well as to public authorities. The company has a P/E ratio of 12.3, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Edison International as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Edison International Ratings Report

.

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