Oxbow Advisors LLC Purchases 1,487 Shares of Edison International (NYSE:EIX)

Oxbow Advisors LLC grew its position in Edison International (NYSE:EIX) by 4.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 33,654 shares of the utilities provider’s stock after buying an additional 1,487 shares during the period. Oxbow Advisors LLC’s holdings in Edison International were worth $2,687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of EIX. Crews Bank & Trust bought a new stake in shares of Edison International in the 4th quarter worth approximately $25,000. Highline Wealth Partners LLC bought a new stake in shares of Edison International in the 3rd quarter worth approximately $26,000. Groupama Asset Managment lifted 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 during the period. Eastern Bank bought a new stake in shares of Edison International in the 3rd quarter worth approximately $27,000. Finally, Larson Financial Group LLC lifted 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 during the period. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Up 0.4 %

NYSE:EIX opened at $52.10 on Friday. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $20.17 billion, a P/E ratio of 15.28, a P/E/G ratio of 1.07 and a beta of 0.90. The stock’s fifty day simple moving average is $64.67 and its 200-day simple moving average is $77.72.

Edison International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th were given a $0.8275 dividend. This is a positive change from Edison International’s previous quarterly dividend of $0.78. This represents a $3.31 annualized dividend and a dividend yield of 6.35%. The ex-dividend date of this dividend was Tuesday, January 7th. Edison International’s dividend payout ratio (DPR) is currently 97.07%.

Analyst Ratings Changes

Several equities analysts recently commented on EIX shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $72.00 target price on shares of Edison International in a research report on Wednesday, February 12th. Barclays cut their target price 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. UBS Group upgraded Edison International from a “neutral” rating to a “buy” rating and cut their target price for the stock from $69.00 to $65.00 in a research report on Tuesday. Wells Fargo & Company raised their target price on Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley cut their target price on Edison International from $71.00 to $48.00 and set an “underweight” rating for the company in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $80.11.

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.