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Edison International (EIX) Reaches $68.20 After 9.00% Down Move; Manning & Napier Has 0.7 Sentiment

The stock of Edison International (NYSE:EIX) is a huge mover today! The stock decreased 6.55% or $4.78 during the last trading session, reaching $68.2. About 4.90M shares traded or 114.26% up from the average. Edison International (NYSE:EIX) has risen 12.39% since December 12, 2016 and is uptrending. It has underperformed by 4.31% the S&P500.The move comes after 6 months negative chart setup for the $22.22 billion company. It was reported on Dec, 12 by Barchart.com. We have $62.06 PT which if reached, will make NYSE:EIX worth $2.00 billion less.

Manning & Napier, Inc. is publicly owned investment manager. The company has market cap of $284.29 million. It provides its services to net worth individuals and institutions, including 401 plans, pension plans, taft-hartley plans, endowments and foundations. It has a 7.53 P/E ratio. The firm manages separate client-focused equity and fixed income portfolios.

Mendon Capital Advisors Corp holds 0.31% of its portfolio in Manning & Napier, Inc. for 903,497 shares. Sterneck Capital Management Llc owns 102,780 shares or 0.27% of their US portfolio. Moreover, Menta Capital Llc has 0.13% invested in the company for 260,850 shares. The Illinois-based Ariel Investments Llc has invested 0.06% in the stock. Banc Funds Co Llc, a Illinois-based fund reported 278,603 shares.

Analysts await Manning & Napier, Inc. (NYSE:MN) to report earnings on February, 8. They expect $0.09 earnings per share, down 43.75% or $0.07 from last year’s $0.16 per share. MN’s profit will be $7.11 million for 10.00 P/E if the $0.09 EPS becomes a reality. After $0.10 actual earnings per share reported by Manning & Napier, Inc. for the previous quarter, Wall Street now forecasts -10.00% negative EPS growth.

The stock increased 1.41% or $0.05 during the last trading session, reaching $3.6. About 15,720 shares traded. Manning & Napier, Inc. (MN) has declined 46.69% since December 12, 2016 and is downtrending. It has underperformed by 63.39% the S&P500.

Investors sentiment decreased to 1.15 in Q2 2017. Its down 0.06, from 1.21 in 2017Q1. It is negative, as 28 investors sold Edison International shares while 177 reduced holdings. 69 funds opened positions while 179 raised stakes. 263.50 million shares or 0.35% more from 262.59 million shares in 2017Q1 were reported. California-based Hanson Mcclain has invested 0.07% in Edison International (NYSE:EIX). Dorsey & Whitney Tru Co Limited Liability Corporation, a South Dakota-based fund reported 2,607 shares. Moreover, First Trust Advisors Lp has 0.18% invested in Edison International (NYSE:EIX) for 867,103 shares. Commercial Bank Of Nova Scotia invested in 0.03% or 73,887 shares. California State Teachers Retirement Sys owns 0.11% invested in Edison International (NYSE:EIX) for 640,336 shares. Lombard Odier Asset Mgmt (Switzerland) accumulated 42,184 shares. Nikko Asset Americas invested in 6,400 shares. Hl Financial Service Limited Liability Com invested in 2,681 shares. Fdx Incorporated reported 3,949 shares. Pennsylvania-based Nationwide Fund has invested 0.11% in Edison International (NYSE:EIX). Victory Management reported 0.01% stake. Cibc Asset Management invested 0.02% of its portfolio in Edison International (NYSE:EIX). First Republic Management holds 25,779 shares or 0.02% of its portfolio. Van Strum Towne reported 2,649 shares. Tower Research Limited Liability Com (Trc) reported 0% stake.

Analysts await Edison International (NYSE:EIX) to report earnings on February, 20. They expect $0.94 earnings per share, down 6.93% or $0.07 from last year’s $1.01 per share. EIX’s profit will be $306.26M for 18.14 P/E if the $0.94 EPS becomes a reality. After $1.43 actual earnings per share reported by Edison International for the previous quarter, Wall Street now forecasts -34.27% negative EPS growth.

Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. The company has market cap of $22.22 billion. The firm generates electricity through hydroelectric, diesel, natural gas, nuclear, and photovoltaic sources. It has a 15.58 P/E ratio. It supplies electricity primarily to commercial, residential, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.

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