Edison International (NYSE:EIX) Shares Acquired by RBA Wealth Management LLC

RBA Wealth Management LLC raised its stake in Edison International (NYSE:EIX) by 6.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 42,759 shares of the utilities provider’s stock after acquiring an additional 2,745 shares during the period. RBA Wealth Management LLC’s holdings in Edison International were worth $3,414,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EIX. Crews Bank & Trust bought a new stake in Edison International in the fourth quarter worth $25,000. Highline Wealth Partners LLC acquired a new position in Edison International in the third quarter worth about $26,000. Groupama Asset Managment raised its position in Edison International by 0.8% in the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 237 shares in the last quarter. Eastern Bank bought a new stake in Edison International during the third quarter worth about $27,000. Finally, Larson Financial Group LLC lifted its holdings 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 buying an additional 195 shares during the period. Institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. 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 report on Wednesday, October 30th. LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective for the company in a research note on Wednesday, January 15th. Guggenheim cut shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Jefferies Financial Group began coverage on shares of Edison International in a research report on Thursday, November 7th. They issued a “buy” rating and a $93.00 target price for the company. Finally, Morgan Stanley lowered 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 report on Friday, November 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $82.88.

Edison International Price Performance

EIX stock opened at $52.44 on Tuesday. The firm has a 50 day moving average of $74.15 and a 200-day moving average of $80.32. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. Edison International has a 12 month low of $51.64 and a 12 month high of $88.77. The firm has a market capitalization of $20.30 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90.

Edison International Increases Dividend

The business also recently announced 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 an increase from Edison International’s previous quarterly dividend of $0.78. This represents a $3.31 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date was Tuesday, January 7th. Edison International’s dividend payout ratio (DPR) is currently 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.