E. Ohman J or Asset Management AB Raises Position in Edison International (NYSE:EIX)

E. Ohman J or Asset Management AB raised its holdings in shares of Edison International (NYSE:EIX) by 14.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,990 shares of the utilities provider’s stock after buying an additional 2,290 shares during the period. E. Ohman J or Asset Management AB’s holdings in Edison International were worth $1,436,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EIX. Lake Street Advisors Group LLC raised its position in shares of Edison International by 4.3% in the 3rd quarter. Lake Street Advisors Group LLC now owns 3,015 shares of the utilities provider’s stock worth $263,000 after acquiring an additional 124 shares in the last quarter. Baker Tilly Wealth Management LLC raised its holdings in Edison International by 2.8% in the third quarter. Baker Tilly Wealth Management LLC now owns 4,779 shares of the utilities provider’s stock worth $416,000 after purchasing an additional 129 shares in the last quarter. SFE Investment Counsel lifted its position in Edison International by 0.3% during the third quarter. SFE Investment Counsel now owns 42,730 shares of the utilities provider’s stock valued at $3,721,000 after buying an additional 130 shares during the period. Assetmark Inc. boosted its holdings in shares of Edison International by 32.9% during the 3rd quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock valued at $55,000 after buying an additional 157 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC grew its position in shares of Edison International by 2.1% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 7,697 shares of the utilities provider’s stock worth $670,000 after buying an additional 159 shares during the period. 88.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on EIX. Jefferies Financial Group started coverage on shares of Edison International in a research note on Thursday, November 7th. They set a “buy” rating and a $93.00 price objective on the stock. LADENBURG THALM/SH SH raised Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target on the stock in a research report on Wednesday, January 15th. Barclays reduced their price objective on Edison International from $76.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Morgan Stanley dropped their target price on Edison International from $74.00 to $72.00 and set an “underweight” rating on the stock in a report on Friday, November 22nd. Finally, Guggenheim downgraded Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Edison International currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.88.

Edison International Trading Down 1.4 %

Shares of EIX stock opened at $51.68 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. Edison International has a 12-month low of $51.58 and a 12-month high of $88.77. The stock has a market capitalization of $20.01 billion, a P/E ratio of 15.16, a P/E/G ratio of 1.11 and a beta of 0.90. The firm’s 50 day moving average is $73.45 and its 200 day moving average is $80.16.

Edison International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th were paid a $0.8275 dividend. This is an increase from Edison International’s previous quarterly dividend of $0.78. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date was Tuesday, January 7th. Edison International’s dividend payout ratio (DPR) is 97.07%.

Edison International Company Profile

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.