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 0.1%. By the end of trading, Edison International fell $0.55 (-1.2%) to $46.06 on light volume. Throughout the day, 1,481,083 shares of Edison International exchanged hands as compared to its average daily volume of 2,720,000 shares. The stock ranged in price between $45.62-$46.69 after having opened the day at $46.69 as compared to the previous trading day's close of $46.61. Other companies within the Utilities sector that declined today were: American DG Energy ( ADGE), down 6.4%, Centrais Eletricas Brasileiras ( EBR), down 3.5%, Companhia De Saneamento Basico Do Estado De ( SBS), down 2.8% and Empresa Nacional de ElectricidadSA ( EOC), down 2.1%.

Edison International, through its subsidiaries, generates and distributes electric power. It also invests in transportation infrastructure and energy assets, including renewable energy in the Netherlands, Australia, Switzerland, and the United Kingdom. Edison International has a market cap of $15.2 billion and is part of the utilities industry. Shares are up 3.6% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Edison International a buy, 1 analyst rates it a sell, and 3 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 compelling growth in net income, revenue growth, notable return on equity, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, China Hydroelectric Corporation ( CHC), up 7.2%, Beacon Power ( BCON), up 6.5%, Korea Electric Power ( KEP), up 3.8% and Otter Tail Corporation ( OTTR), up 2.4%.

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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