Allworth Financial LP Purchases 5,322 Shares of Edison International (NYSE:EIX)

Allworth Financial LP raised its stake in shares of Edison International (NYSE:EIX - Free Report) by 40.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,555 shares of the utilities provider's stock after buying an additional 5,322 shares during the period. Allworth Financial LP's holdings in Edison International were worth $1,481,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. AustralianSuper Pty Ltd acquired a new stake in shares of Edison International during the 4th quarter valued at $31,877,000. Asset Planning Inc acquired a new stake in shares of Edison International in the 4th quarter valued at $1,399,000. V Square Quantitative Management LLC lifted its stake in shares of Edison International by 8.7% in the 4th quarter. V Square Quantitative Management LLC now owns 26,409 shares of the utilities provider's stock valued at $2,108,000 after purchasing an additional 2,113 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Edison International by 5.0% in the 4th quarter. Vontobel Holding Ltd. now owns 4,579 shares of the utilities provider's stock valued at $366,000 after purchasing an additional 216 shares during the last quarter. Finally, Manchester Financial Inc. lifted its stake in shares of Edison International by 3.0% in the 4th quarter. Manchester Financial Inc. now owns 7,686 shares of the utilities provider's stock valued at $614,000 after purchasing an additional 226 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Analysts Set New Price Targets

EIX has been the subject of several analyst reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $72.00 price objective on shares of Edison International in a research note on Wednesday, February 12th. Wells Fargo & Company lifted their price objective 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. Guggenheim lowered shares of Edison International from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. UBS Group raised shares of 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. Finally, Barclays cut their target price on shares of Edison International from $76.00 to $67.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $80.11.

Edison International Stock Performance

Shares of NYSE:EIX traded up $0.20 on Friday, hitting $52.10. 6,203,553 shares of the company were exchanged, compared to its average volume of 6,443,842. The company's 50 day moving average price is $64.67 and its two-hundred day moving average price is $77.72. Edison International has a one year low of $49.06 and a one year high of $88.77. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The firm has a market capitalization of $20.17 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 1.08 and a beta of 0.90.

Edison International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 7th were paid a $0.8275 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $3.31 dividend on an annualized basis and a yield of 6.35%. This is a boost from Edison International's previous quarterly dividend of $0.78. Edison International's payout ratio is presently 97.07%.

Edison International 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.