Heck Capital Advisors LLC Invests $65,000 in Edison International (NYSE:EIX)

Heck Capital Advisors LLC acquired a new stake in shares of Edison International (NYSE:EIX) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 810 shares of the utilities provider’s stock, valued at approximately $65,000.

Other hedge funds also recently bought and sold shares of the company. Caprock Group LLC purchased a new stake in shares of Edison International in the fourth quarter valued at approximately $565,000. Mediolanum International Funds Ltd purchased a new stake in Edison International in the 4th quarter valued at $583,000. Crews Bank & Trust acquired a new stake in shares of Edison International in the 4th quarter worth $25,000. OLD National Bancorp IN raised its holdings in shares of Edison International by 14.6% during the 4th quarter. OLD National Bancorp IN now owns 2,732 shares of the utilities provider’s stock worth $218,000 after acquiring an additional 348 shares during the period. Finally, Swedbank AB boosted its holdings in Edison International by 3.3% in the 4th quarter. Swedbank AB now owns 523,433 shares of the utilities provider’s stock valued at $41,791,000 after purchasing an additional 16,614 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. UBS Group cut their price target on shares of Edison International from $87.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. LADENBURG THALM/SH SH upgraded 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. Guggenheim cut Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Barclays reduced 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. Finally, Jefferies Financial Group began coverage on shares of Edison International in a research note on Thursday, November 7th. They set a “buy” rating and a $93.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Edison International has an average rating of “Moderate Buy” and an average target price of $82.88.

Edison International Trading Down 0.1 %

EIX opened at $53.98 on Monday. The business has a fifty day moving average price of $74.15 and a 200 day moving average price of $80.29. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. Edison International has a 12 month low of $53.26 and a 12 month high of $88.77. The stock has a market capitalization of $20.90 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 1.15 and a beta of 0.93.

Edison International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th were given a dividend of $0.8275 per share. The ex-dividend date was Tuesday, January 7th. This is an increase from Edison International’s previous quarterly dividend of $0.78. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.13%. Edison International’s payout ratio is currently 97.07%.

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.