Edison International (NYSE:EIX) Shares Sold by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC decreased its holdings in Edison International (NYSE:EIX) by 30.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,783 shares of the utilities provider’s stock after selling 1,246 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Edison International were worth $222,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Crews Bank & Trust acquired a new position in Edison International during the fourth quarter worth approximately $25,000. Highline Wealth Partners LLC purchased a new stake in shares of Edison International during the 3rd quarter valued at $26,000. Groupama Asset Managment increased its holdings in shares of Edison International by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock worth $26,000 after buying an additional 237 shares during the last quarter. Eastern Bank acquired a new stake in shares of Edison International during the 3rd quarter worth $27,000. Finally, Larson Financial Group LLC raised its position in shares of Edison International by 125.0% in the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after buying an additional 195 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on EIX. Jefferies Financial Group assumed coverage on Edison International in a research note on Thursday, November 7th. They set a “buy” rating and a $93.00 price target for the company. UBS Group dropped their target price on shares of Edison International from $87.00 to $69.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target on the stock in a report on Wednesday, January 15th. Morgan Stanley decreased their price objective on shares of Edison International from $74.00 to $72.00 and set an “underweight” rating for the company in a research note on Friday, November 22nd. Finally, Wells Fargo & Company raised their target price 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.88.

Edison International Stock Up 0.0 %

Shares of NYSE EIX opened at $50.10 on Tuesday. 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 stock’s 50-day simple moving average is $70.50 and its 200-day simple moving average is $79.48. The firm has a market cap of $19.40 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 1.05 and a beta of 0.90.

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 represents a $3.31 dividend on an annualized basis and a dividend yield of 6.61%. The ex-dividend date was Tuesday, January 7th. This is a positive change from Edison International’s previous quarterly dividend of $0.78. Edison International’s payout ratio is 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.