Edison International (NYSE:EIX) Shares Acquired by Consolidated Planning Corp

Consolidated Planning Corp grew its holdings in Edison International (NYSE:EIX) by 42.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,636 shares of the utilities provider’s stock after purchasing an additional 2,278 shares during the period. Consolidated Planning Corp’s holdings in Edison International were worth $610,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of EIX. AMF Tjanstepension AB lifted its stake in shares of Edison International by 9.8% in the 3rd quarter. AMF Tjanstepension AB now owns 271,365 shares of the utilities provider’s stock valued at $23,662,000 after purchasing an additional 24,208 shares during the last quarter. CWM LLC lifted its stake in Edison International by 5.4% during the 3rd quarter. CWM LLC now owns 12,313 shares of the utilities provider’s stock worth $1,072,000 after acquiring an additional 626 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in Edison International by 597.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 3,858 shares of the utilities provider’s stock worth $336,000 after acquiring an additional 3,305 shares in the last quarter. Creative Planning lifted its stake in Edison International by 6.4% during the 3rd quarter. Creative Planning now owns 50,962 shares of the utilities provider’s stock worth $4,438,000 after acquiring an additional 3,078 shares in the last quarter. Finally, Swedbank AB lifted its stake in Edison International by 13.5% during the 3rd quarter. Swedbank AB now owns 506,819 shares of the utilities provider’s stock worth $44,139,000 after acquiring an additional 60,182 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EIX shares. Morgan Stanley decreased their target price on Edison International from $74.00 to $72.00 and set an “underweight” rating on the stock in a research note on Friday, November 22nd. LADENBURG THALM/SH SH raised Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price on the stock in a research note on Wednesday, January 15th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $72.00 target price on shares of Edison International in a research note on Wednesday. Guggenheim lowered Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Finally, Barclays reduced their price target on Edison International from $76.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $82.11.

Edison International Trading Up 3.8 %

EIX opened at $52.72 on Thursday. Edison International has a one year low of $49.06 and a one year high of $88.77. The company has a market cap of $20.41 billion, a P/E ratio of 15.46, a PEG ratio of 1.05 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. The business’s 50-day simple moving average is $69.11 and its 200-day simple moving average is $79.10.

Edison International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th were issued a $0.8275 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.28%. This is an increase from Edison International’s previous quarterly dividend of $0.78. Edison International’s dividend payout ratio is presently 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.