V Square Quantitative Management LLC Boosts Stock Position in Edison International (NYSE:EIX)

V Square Quantitative Management LLC lifted its holdings in Edison International (NYSE:EIX) by 8.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,409 shares of the utilities provider’s stock after purchasing an additional 2,113 shares during the quarter. V Square Quantitative Management LLC’s holdings in Edison International were worth $2,108,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vontobel Holding Ltd. boosted its stake in Edison International by 5.0% during the fourth quarter. Vontobel Holding Ltd. now owns 4,579 shares of the utilities provider’s stock worth $366,000 after buying an additional 216 shares during the period. Manchester Financial Inc. boosted its stake in Edison International by 3.0% during the fourth quarter. Manchester Financial Inc. now owns 7,686 shares of the utilities provider’s stock worth $614,000 after buying an additional 226 shares during the period. Asset Management One Co. Ltd. boosted its stake in Edison International by 2.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 204,634 shares of the utilities provider’s stock worth $16,328,000 after buying an additional 5,599 shares during the period. SFE Investment Counsel boosted its stake in Edison International by 1.0% during the fourth quarter. SFE Investment Counsel now owns 43,175 shares of the utilities provider’s stock worth $3,447,000 after buying an additional 445 shares during the period. Finally, Stanley Laman Group Ltd. purchased a new position in Edison International during the fourth quarter worth $219,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Stock Performance

EIX stock opened at $51.55 on Friday. 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 business has a 50-day moving average price of $68.48 and a 200 day moving average price of $78.92. The company has a market capitalization of $19.96 billion, a P/E ratio of 15.12, a PEG ratio of 1.05 and a beta of 0.90. Edison International has a 1-year low of $49.06 and a 1-year high of $88.77.

Edison International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 7th were issued a $0.8275 dividend. This is an increase from Edison International’s previous quarterly dividend of $0.78. This represents a $3.31 annualized dividend and a dividend yield of 6.42%. The ex-dividend date of this dividend was Tuesday, January 7th. Edison International’s payout ratio is presently 97.07%.

Wall Street Analyst Weigh In

Several research analysts have commented on EIX shares. LADENBURG THALM/SH SH raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective for the company in a research note on Wednesday, January 15th. UBS Group dropped their price objective on shares of Edison International from $87.00 to $69.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Morgan Stanley lowered their target price on shares of Edison International from $74.00 to $72.00 and set an “underweight” rating for the company in a research note on Friday, November 22nd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $72.00 target price on shares of Edison International in a research note on Wednesday. Finally, Wells Fargo & Company boosted their target price on shares of Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Edison International has an average rating of “Hold” and an average price target of $82.11.

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.