Allspring Global Investments Holdings LLC Boosts Stock Holdings in Edison International (NYSE:EIX)

Allspring Global Investments Holdings LLC lifted its stake in shares of Edison International (NYSE:EIX - Free Report) by 542.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 138,474 shares of the utilities provider's stock after purchasing an additional 116,935 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Edison International were worth $11,079,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AMF Tjanstepension AB increased its position in shares of Edison International by 9.8% during the third quarter. AMF Tjanstepension AB now owns 271,365 shares of the utilities provider's stock valued at $23,662,000 after buying an additional 24,208 shares during the period. Creative Planning increased its holdings in Edison International by 6.4% during the 3rd quarter. Creative Planning now owns 50,962 shares of the utilities provider's stock worth $4,438,000 after acquiring an additional 3,078 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Edison International by 1.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 39,822 shares of the utilities provider's stock worth $3,468,000 after acquiring an additional 691 shares during the period. Blue Trust Inc. lifted its stake in Edison International by 135.2% in the 3rd quarter. Blue Trust Inc. now owns 2,465 shares of the utilities provider's stock worth $215,000 after purchasing an additional 1,417 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in Edison International by 6.2% in the 3rd quarter. Raymond James & Associates now owns 403,309 shares of the utilities provider's stock valued at $35,124,000 after purchasing an additional 23,441 shares during the period. 88.95% of the stock is currently owned by institutional investors.

Edison International Stock Up 0.4 %

Edison International stock traded up $0.20 on Friday, hitting $52.10. 6,203,553 shares of the stock traded hands, compared to its average volume of 6,443,842. Edison International has a 1 year low of $49.06 and a 1 year high of $88.77. The firm has a market cap of $20.17 billion, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 1.08 and a beta of 0.90. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. The business's fifty day simple moving average is $64.67 and its 200 day simple moving average is $77.72.

Edison International Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EIX shares. Guggenheim downgraded Edison International from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Wells Fargo & Company upped their target price on Edison International from $87.00 to $94.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Morgan Stanley dropped their price target 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. JPMorgan Chase & Co. reissued a "neutral" rating and set a $72.00 price objective on shares of Edison International in a report on Wednesday, February 12th. Finally, Barclays lowered their target price on shares of Edison International from $76.00 to $67.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Edison International has an average rating of "Moderate Buy" and an average price target of $80.11.

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.