Asset Management One Co. Ltd. Increases Position in Edison International (NYSE:EIX)

Asset Management One Co. Ltd. raised its position in Edison International (NYSE:EIX - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 204,634 shares of the utilities provider's stock after buying an additional 5,599 shares during the period. Asset Management One Co. Ltd. owned about 0.05% of Edison International worth $16,328,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EIX. Lake Street Advisors Group LLC raised its position in shares of Edison International by 4.3% during the 3rd quarter. Lake Street Advisors Group LLC now owns 3,015 shares of the utilities provider's stock valued at $263,000 after buying an additional 124 shares during the period. Baker Tilly Wealth Management LLC raised its position in Edison International by 2.8% in the third quarter. Baker Tilly Wealth Management LLC now owns 4,779 shares of the utilities provider's stock valued at $416,000 after purchasing an additional 129 shares during the period. SFE Investment Counsel raised its position in Edison International by 0.3% in the third quarter. SFE Investment Counsel now owns 42,730 shares of the utilities provider's stock valued at $3,721,000 after purchasing an additional 130 shares during the period. Assetmark Inc. raised its position in Edison International by 32.9% in the third quarter. Assetmark Inc. now owns 634 shares of the utilities provider's stock valued at $55,000 after purchasing an additional 157 shares during the period. Finally, Centennial Wealth Advisory LLC raised its position in Edison International by 3.3% in the third quarter. Centennial Wealth Advisory LLC now owns 5,378 shares of the utilities provider's stock valued at $468,000 after purchasing an additional 172 shares during the period. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Stock Performance

NYSE EIX traded up $1.09 during trading hours on Wednesday, hitting $52.39. The company had a trading volume of 4,101,988 shares, compared to its average volume of 6,531,968. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. Edison International has a 1-year low of $49.06 and a 1-year high of $88.77. The company has a market cap of $20.28 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 1.03 and a beta of 0.90. The business has a 50 day moving average of $65.84 and a 200-day moving average of $78.08.

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 $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.32%. This is a boost 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 is presently 97.07%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. LADENBURG THALM/SH SH raised Edison International from a "sell" rating to a "neutral" rating and set a $56.50 target price on the stock in a research report on Wednesday, January 15th. UBS Group raised Edison International from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $69.00 to $65.00 in a research report on Tuesday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $72.00 price objective on shares of Edison International in a research report on Wednesday, February 12th. Morgan Stanley cut their price objective on Edison International from $71.00 to $48.00 and set an "underweight" rating on the stock in a research report on Friday, February 14th. Finally, Barclays cut their price objective on Edison International from $76.00 to $67.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.