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

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Edison International ( EIX) pushed the Utilities sector higher today making it today's featured utilities winner. The sector as a whole closed the day up 0.5%. By the end of trading, Edison International rose $0.79 (1.7%) to $46.27 on average volume. Throughout the day, 2,750,576 shares of Edison International exchanged hands as compared to its average daily volume of 2,080,400 shares. The stock ranged in a price between $45.64-$46.33 after having opened the day at $45.77 as compared to the previous trading day's close of $45.48. Other companies within the Utilities sector that increased today were: Ocean Power Technologies ( OPTT), up 15.8%, U.S. Geothermal ( HTM), up 4.5%, GreenHunter Resources ( GRH), up 4.0% and Centrais Eletricas Brasileiras ( EBR.B), up 3.6%.

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 $14.8 billion and is part of the utilities industry. The company has a P/E ratio of 10.7, below the S&P 500 P/E ratio of 17.7. Shares are down 1.8% year to date as of the close of trading on Monday. Currently there are 9 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 revenue growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, notable return on equity 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 negative front, AmeriGas Partners ( APU), down 5.3%, Brookfield Infrastructure Partners ( BIP), down 1.6% and Enersis ( ENI), down 1.6%.

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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