Edison International (NYSE:EIX) Shares Acquired by Swedbank AB

Swedbank AB boosted its holdings in Edison International (NYSE:EIX - Free Report) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 523,433 shares of the utilities provider's stock after purchasing an additional 16,614 shares during the quarter. Swedbank AB owned approximately 0.14% of Edison International worth $41,791,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in shares of Edison International by 11.1% in the second quarter. The Manufacturers Life Insurance Company now owns 230,755 shares of the utilities provider's stock worth $16,571,000 after acquiring an additional 23,135 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Edison International by 8.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,126 shares of the utilities provider's stock valued at $727,000 after purchasing an additional 816 shares during the last quarter. EP Wealth Advisors LLC grew its stake in shares of Edison International by 9.5% during the 2nd quarter. EP Wealth Advisors LLC now owns 10,851 shares of the utilities provider's stock valued at $779,000 after buying an additional 937 shares during the period. Cetera Investment Advisers grew its stake in shares of Edison International by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 105,345 shares of the utilities provider's stock valued at $7,565,000 after buying an additional 540 shares during the period. Finally, RiverFront Investment Group LLC increased its holdings in shares of Edison International by 24.3% during the 2nd quarter. RiverFront Investment Group LLC now owns 5,786 shares of the utilities provider's stock worth $415,000 after buying an additional 1,133 shares during the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

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Edison International Stock Down 0.1 %

Shares of Edison International stock traded down $0.08 during trading hours on Friday, hitting $53.98. 12,046,671 shares of the company's stock traded hands, compared to its average volume of 6,365,730. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. Edison International has a twelve month low of $53.26 and a twelve month high of $88.77. The stock has a 50 day simple moving average of $74.15 and a 200-day simple moving average of $80.29. The company has a market cap of $20.90 billion, a PE ratio of 15.83, a PEG ratio of 1.15 and a beta of 0.93.

Edison International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 7th were given a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.13%. 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 is presently 97.07%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on EIX shares. Jefferies Financial Group assumed coverage on Edison International in a research report on Thursday, November 7th. They set a "buy" rating and a $93.00 price target for the company. Morgan Stanley decreased their target price on Edison International from $74.00 to $72.00 and set an "underweight" rating for the company in a report on Friday, November 22nd. Barclays cut their price target on shares of Edison International from $76.00 to $67.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company boosted their price objective on shares of Edison International from $87.00 to $94.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Finally, UBS Group cut their target price on shares of Edison International from $87.00 to $69.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $82.88.

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.