Greenleaf Trust Buys 744 Shares of Edison International (NYSE:EIX)

Greenleaf Trust increased its stake in shares of Edison International (NYSE:EIX) by 12.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,566 shares of the utilities provider’s stock after buying an additional 744 shares during the period. Greenleaf Trust’s holdings in Edison International were worth $524,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Custom Index Systems LLC acquired a new position in shares of Edison International in the fourth quarter valued at approximately $233,000. Heck Capital Advisors LLC acquired a new position in Edison International in the 4th quarter valued at $65,000. Caprock Group LLC acquired a new stake in shares of Edison International during the fourth quarter worth $565,000. Mediolanum International Funds Ltd bought a new stake in shares of Edison International in the fourth quarter valued at about $583,000. Finally, Crews Bank & Trust acquired a new position in shares of Edison International in the fourth quarter valued at about $25,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Ratings Changes

EIX has been the subject of a number of recent research reports. Morgan Stanley cut their price objective on shares of Edison International from $74.00 to $72.00 and set an “underweight” rating for the company in a report on Friday, November 22nd. Guggenheim lowered Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price for the company in a research report on Wednesday, January 15th. Jefferies Financial Group assumed coverage on Edison International in a research note on Thursday, November 7th. They issued a “buy” rating and a $93.00 price target for the company. Finally, UBS Group reduced their price objective 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 given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $82.88.

Edison International Trading Down 1.4 %

NYSE EIX opened at $51.68 on Wednesday. Edison International has a twelve month low of $51.58 and a twelve month high of $88.77. The business’s fifty day moving average is $73.45 and its 200 day moving average is $80.16. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. The company has a market cap of $20.01 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90.

Edison International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th were issued a dividend of $0.8275 per share. 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 6.40%. The ex-dividend date of this dividend was Tuesday, January 7th. Edison International’s payout ratio is 97.07%.

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.