Yousif Capital Management LLC Has $5.19 Million Stake in Edison International (NYSE:EIX)

Yousif Capital Management LLC increased its stake in Edison International (NYSE:EIX - Free Report) by 15.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,022 shares of the utilities provider's stock after purchasing an additional 8,537 shares during the period. Yousif Capital Management LLC's holdings in Edison International were worth $5,191,000 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. Crews Bank & Trust bought a new position in Edison International in the fourth quarter valued at approximately $25,000. Highline Wealth Partners LLC acquired a new stake in shares of Edison International in the 3rd quarter valued at approximately $26,000. Groupama Asset Managment grew its stake in shares of Edison International by 0.8% in the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider's stock valued at $26,000 after buying an additional 237 shares in the last quarter. Eastern Bank acquired a new position in Edison International during the third quarter worth $27,000. Finally, Larson Financial Group LLC lifted its stake in Edison International by 125.0% in the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 195 shares during the last quarter. Institutional investors own 88.95% of the company's stock.

Edison International Stock Performance

NYSE:EIX traded down $1.16 during mid-day trading on Friday, reaching $49.99. 5,561,322 shares of the company's stock were exchanged, compared to its average volume of 6,970,491. The business's fifty day simple moving average is $71.26 and its two-hundred day simple moving average is $79.61. Edison International has a one year low of $49.92 and a one year high of $88.77. The firm has a market capitalization of $19.36 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 7th were paid a $0.8275 dividend. This is a boost from Edison International's previous quarterly dividend of $0.78. This represents a $3.31 annualized dividend and a dividend yield of 6.62%. The ex-dividend date of this dividend was Tuesday, January 7th. Edison International's payout ratio is 97.07%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EIX. Guggenheim cut shares of Edison International from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH raised Edison International from a "sell" rating to a "neutral" rating and set a $56.50 price objective for the company in a research report on Wednesday, January 15th. Jefferies Financial Group began coverage on Edison International in a research note on Thursday, November 7th. They set a "buy" rating and a $93.00 target price for the company. UBS Group cut their price target on Edison International from $87.00 to $69.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Finally, Barclays decreased their price objective 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. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Edison International has an average rating of "Moderate Buy" and a consensus price target of $82.88.

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.