Edison International (EIX): Today's Featured Utilities Laggard

Edison International ( EIX) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day up 0.3%. By the end of trading, Edison International fell $1.02 (-2.2%) to $45.16 on average volume. Throughout the day, 1.9 million shares of Edison International exchanged hands as compared to its average daily volume of two million shares. The stock ranged in price between $45.16-$46.80 after having opened the day at $45.87 as compared to the previous trading day's close of $46.18. Other company's within the Utilities sector that declined today were: Distribution and Marketing Company of the N ( EDN), down 2.4%, Clean Energy Fuels Corporation ( CLNE), down 2.1%, and Niska Gas Storage Partners ( NKA), down 1.8%.

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. It operates in two segments, Electric Utility and Competitive Power Generation. Edison International has a market cap of $15.22 billion and is part of the utilities industry. Shares are up 12.9% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Edison International a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Edison International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Ocean Power Technologies ( OPTT), up 5%, China Hydroelectric Corporation ( CHC), up 4%, Energy Company of Parana ( ELP), up 3.6%, and Centrais Eletricas Brasileiras ( EBR), up 2.9%, were all gainers within the utilities sector with AES ( AES) being today's featured utilities sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the utilities sector could consider Utilities Select Sector SPDR ( XLU) while those bearish on the utilities sector could consider ProShares UltraShort Utilities ( SDP).
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