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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Edison International ( EIX) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day down 1.2%. By the end of trading, Edison International fell 91 cents (-1.9%) to $45.95 on average volume. Throughout the day, 2.9 million shares of Edison International exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in price between $45.87-$47.27 after having opened the day at $47.02 as compared to the previous trading day's close of $46.86. Other companies within the Utilities sector that declined today were: China Hydroelectric Corporation ( CHC), down 8.2%, GreenHunter Energy ( GRH), down 7.4%, Fuelcell Energy ( FCEL), down 5.9%, and Empresa Distribuidora y Comercializadora No ( EDN), down 4.7%.
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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 $15.12 billion and is part of the utilities industry. Shares are up 2.7% year to date as of the close of trading on Friday. Currently there are eight analysts that rate Edison International a buy, one analyst rates 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.

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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