Baker Avenue Asset Management LP Cut Its Edison Intl Com (EIX) Stake by $370,188 as Share Value Rose; As Visa (V) Stock Rose, Ontario Teachers Pension Plan Board Has Lifted Stake

June 18, 2018 - By Nellie Frank

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Baker Avenue Asset Management Lp decreased its stake in Edison Intl Com (EIX) by 43.14% based on its latest 2018Q1 regulatory filing with the SEC. Baker Avenue Asset Management Lp sold 5,876 shares as the company’s stock rose 2.21% while stock markets declined. The institutional investor held 7,744 shares of the central company at the end of 2018Q1, valued at $493,000, down from 13,620 at the end of the previous reported quarter. Baker Avenue Asset Management Lp who had been investing in Edison Intl Com for a number of months, seems to be less bullish one the $19.67 billion market cap company. The stock decreased 0.12% or $0.07 during the last trading session, reaching $60.37. About 872,653 shares traded. Edison International (NYSE:EIX) has declined 21.23% since June 18, 2017 and is downtrending. It has underperformed by 33.80% the S&P500. Some Historical EIX News: 04/04/2018 – GE AND EDISON/EDF GROUP SIGN AGREEMENT TO OPTIMIZE POWER PLANT FLEET INFRASTRUCTURE AT ITALY’S CANDELA POWER PLANT; 25/03/2018 – Cal EMA Spills: SPILL Report – So Cal Edison – 03/25/2018 02:49 PM; 16/03/2018 – Cal EMA Spills: SPILL Report – SoCal Edison – 03/16/2018 06:39 PM; 07/04/2018 – Cal EMA Spills: SPILL Report – So Cal Edison – 04/07/2018 04:24 AM; 10/04/2018 – EDISON INTERNATIONAL EIX.N : JP MORGAN RAISES TARGET PRICE TO $66 FROM $64; 10/04/2018 – EDISON WORKING WITH STATE AGENCIES TO CLARIFY FIRE LIABILITY; 17/04/2018 – Earlens Light-Driven Hearing Aid Receives Best New Product Award at 2018 Edison Awards; 30/05/2018 – Quantum Genomics SAS Access Event Set By Edison for Jun. 6-7; 14/05/2018 – Tetragon Financial Group at Non-Deal Roadshow Hosted By Edison; 19/03/2018 – PHILLIPS EDISON BUYS SHOPPING CENTER IN LEESBURG, FL

Ontario Teachers Pension Plan Board increased its stake in Visa Inc (V) by 41.4% based on its latest 2018Q1 regulatory filing with the SEC. Ontario Teachers Pension Plan Board bought 106,089 shares as the company’s stock rose 5.37% while stock markets declined. The institutional investor held 362,353 shares of the business services company at the end of 2018Q1, valued at $43.35M, up from 256,264 at the end of the previous reported quarter. Ontario Teachers Pension Plan Board who had been investing in Visa Inc for a number of months, seems to be bullish on the $304.40 billion market cap company. The stock increased 0.60% or $0.8 during the last trading session, reaching $135.9. About 3.56M shares traded. Visa Inc. (NYSE:V) has risen 38.13% since June 18, 2017 and is uptrending. It has outperformed by 25.56% the S&P500. Some Historical V News: 09/05/2018 – Visa CEO Confronts Women’s Issues at the Card Giant; 18/03/2018 – MEDIA-India’s VISA Steel gets interim stay on insolvency proceedings – Economic Times; 15/03/2018 – Chase and Avios Group Limited Introduce the Iberia and Aer Lingus Visa® Signature Cards, Just in Time for Summer Travel; 15/03/2018 – Chase and Avios Group Limited Introduce the lberia and Aer Lingus Visa® Signature Cards, Just in Time for Summer Travel Bookings to Europe; 14/05/2018 – Visa Presenting at JPMorgan Conference Tomorrow; 25/04/2018 – VISA – EXCLUDING SPECIAL ITEM, QTRLY OPERATING EXPENSES GREW 18% OVER PRIOR YEAR, PRIMARILY DRIVEN BY PERSONNEL AND MARKETING EXPENSES; 10/05/2018 – Visa Returns Zlatan lbrahimović to the 2018 FIFA World Cup Russia™; 24/05/2018 – Visa, Mastercard Dispute Those Limitations; Say Merchants Can Route to Network of Choice

Analysts await Edison International (NYSE:EIX) to report earnings on July, 26. They expect $0.91 earnings per share, up 7.06% or $0.06 from last year’s $0.85 per share. EIX’s profit will be $296.48M for 16.59 P/E if the $0.91 EPS becomes a reality. After $0.80 actual earnings per share reported by Edison International for the previous quarter, Wall Street now forecasts 13.75% EPS growth.

Another recent and important Edison International (NYSE:EIX) news was published by Nasdaq.com which published an article titled: “Investor Expectations to Drive Momentum within Edison International, Capital One Financial, CF Industries, Moody’s …” on June 12, 2018.

Baker Avenue Asset Management Lp, which manages about $1.13 billion and $1.10B US Long portfolio, upped its stake in Wisdomtree U.S. Largecap Dividend Fund (DLN) by 6,898 shares to 19,975 shares, valued at $1.77M in 2018Q1, according to the filing. It also increased its holding in Ishares Tips Bond Etf (TIP) by 4,081 shares in the quarter, for a total of 59,853 shares, and has risen its stake in Ishares Edge Msci Usa Momentum Factor Etf (MTUM).

Among 21 analysts covering Edison (NYSE:EIX), 11 have Buy rating, 1 Sell and 9 Hold. Therefore 52% are positive. Edison had 75 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was upgraded by Wolfe Research to “Outperform” on Friday, November 6. The firm has “Buy” rating by Citigroup given on Friday, September 18. Citigroup downgraded Edison International (NYSE:EIX) on Thursday, October 29 to “Neutral” rating. The firm has “Buy” rating given on Monday, September 26 by SunTrust. The firm earned “Neutral” rating on Wednesday, July 20 by Citigroup. As per Monday, February 12, the company rating was maintained by SunTrust. The rating was downgraded by Mizuho to “Neutral” on Wednesday, December 6. The firm has “Buy” rating by RBC Capital Markets given on Sunday, August 13. The stock of Edison International (NYSE:EIX) has “Equal-Weight” rating given on Wednesday, December 13 by Morgan Stanley. As per Friday, April 1, the company rating was downgraded by Goldman Sachs.

Investors sentiment decreased to 0.93 in Q1 2018. Its down 0.32, from 1.25 in 2017Q4. It worsened, as 63 investors sold EIX shares while 183 reduced holdings. 69 funds opened positions while 161 raised stakes. 260.97 million shares or 1.08% more from 258.17 million shares in 2017Q4 were reported. Department Mb Bancorporation N A has 162 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mgmt reported 0.02% stake. Hussman Strategic Advisors Inc stated it has 1,000 shares or 0.02% of all its holdings. Archer LP owns 155,000 shares for 5.57% of their portfolio. Bessemer Grp Inc accumulated 4,558 shares. Axa invested in 0.01% or 36,360 shares. Polaris Greystone Finance Grp Inc Limited Liability reported 0.01% stake. Stratos Wealth has invested 0.01% in Edison International (NYSE:EIX). Credit Suisse Ag holds 0.04% or 663,725 shares. 3,487 are held by Srb Corp. Moreover, Paragon Mgmt has 0.12% invested in Edison International (NYSE:EIX) for 4,380 shares. Thrivent Financial For Lutherans stated it has 705,316 shares. Millennium Management Limited Liability Corporation, a New York-based fund reported 813,867 shares. Alethea Mgmt Limited Liability Company invested in 0.58% or 6,667 shares. Cambridge Rech reported 0.01% in Edison International (NYSE:EIX).

Investors sentiment decreased to 0.88 in Q1 2018. Its down 0.17, from 1.05 in 2017Q4. It dropped, as 41 investors sold V shares while 684 reduced holdings. 127 funds opened positions while 513 raised stakes. 1.57 billion shares or 2.35% less from 1.61 billion shares in 2017Q4 were reported. 515,373 were reported by Commerzbank Aktiengesellschaft Fi. Edgemoor Investment Advisors holds 66,556 shares or 1.06% of its portfolio. Motco reported 0.02% of its portfolio in Visa Inc. (NYSE:V). Rdl Incorporated reported 2.54% in Visa Inc. (NYSE:V). 464,375 are held by Shell Asset Mngmt. Paloma Prns Management Com reported 0.03% in Visa Inc. (NYSE:V). Fil Limited holds 0.05% or 143,163 shares in its portfolio. Colorado-based Rocky Mountain Advisers Limited Liability Corp has invested 0.01% in Visa Inc. (NYSE:V). Chesley Taft Assocs reported 147,029 shares stake. Alphaone Inv Serv Ltd Liability Com has invested 0.16% in Visa Inc. (NYSE:V). Klingenstein Fields & Limited Liability Corp reported 23,325 shares. Lsv Asset Management stated it has 14,700 shares. 1,996 are owned by Beese Fulmer Invest. Altarock Prtnrs Ltd Liability invested 3.87% in Visa Inc. (NYSE:V). Torray Limited Liability Company accumulated 194,564 shares.

Ontario Teachers Pension Plan Board, which manages about $6.69 billion US Long portfolio, decreased its stake in Discover Finl Svcs (NYSE:DFS) by 103,683 shares to 23,718 shares, valued at $1.71M in 2018Q1, according to the filing. It also reduced its holding in Packaging Corp Amer (NYSE:PKG) by 5,748 shares in the quarter, leaving it with 29,029 shares, and cut its stake in Pulte Group Inc (NYSE:PHM).

More important recent Visa Inc. (NYSE:V) news were published by: Seekingalpha.com which released: “Why I Would Still Choose Mastercard Over Visa” on May 28, 2018, also Fool.com published article titled: “Is Visa Inc. a Buy?”, Seekingalpha.com published: “Visa, Inc. (V) Management Presents at William Blair 2018 Growth Stock Conference (Transcript)” on June 13, 2018. More interesting news about Visa Inc. (NYSE:V) was released by: Investorideas.com and their article: “#AI News: Visa (NYSE: $V) Canada and Finn AI collaborate to expand #artificialntelligence banking capabilities …” with publication date: June 14, 2018.

Visa Inc. (NYSE:V) Institutional Positions Chart

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