Edison International (NYSE:EIX) Upgraded at UBS Group

UBS Group upgraded shares of Edison International (NYSE:EIX) from a neutral rating to a buy rating in a research report released on Tuesday morning, MarketBeat.com reports. UBS Group currently has $65.00 target price on the utilities provider’s stock, down from their previous target price of $69.00.

A number of other research analysts have also weighed in on EIX. Morgan Stanley cut their price target on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating on the stock in a research note on Friday, February 14th. Jefferies Financial Group initiated coverage on shares of Edison International in a report on Thursday, November 7th. They set a “buy” rating and a $93.00 target price on the stock. Guggenheim downgraded shares of Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. restated a “neutral” rating and issued a $72.00 price target on shares of Edison International in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company upped their price objective on shares of Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, Edison International has an average rating of “Moderate Buy” and an average price target of $80.11.

Edison International Stock Down 1.1 %

Shares of NYSE:EIX opened at $51.86 on Tuesday. Edison International has a one year low of $49.06 and a one year high of $88.77. The company has a 50 day moving average of $65.26 and a 200-day moving average of $77.90. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The stock has a market cap of $20.08 billion, a price-to-earnings ratio of 15.21, a P/E/G ratio of 1.05 and a beta of 0.90.

Edison International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 7th were given a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 6.38%. This is a boost from Edison International’s previous quarterly dividend of $0.78. The ex-dividend date was Tuesday, January 7th. Edison International’s dividend payout ratio (DPR) is presently 97.07%.

Institutional Trading of Edison International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crews Bank & Trust bought a new stake in Edison International in the 4th quarter worth approximately $25,000. Highline Wealth Partners LLC purchased a new stake in shares of Edison International in the 3rd quarter worth $26,000. Groupama Asset Managment raised its position in shares of Edison International by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 237 shares in the last quarter. Eastern Bank bought a new position in shares of Edison International in the 3rd quarter worth $27,000. Finally, Larson Financial Group LLC raised its position in shares of Edison International by 125.0% in the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 195 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

About Edison International

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.