Atria Wealth Solutions Inc. Sells 1,036 Shares of Edison International (NYSE:EIX)

Atria Wealth Solutions Inc. trimmed its stake in Edison International (NYSE:EIX) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,642 shares of the utilities provider’s stock after selling 1,036 shares during the period. Atria Wealth Solutions Inc.’s holdings in Edison International were worth $1,249,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of EIX. Crews Bank & Trust bought a new stake in shares of Edison International in the 4th quarter valued at about $25,000. Highline Wealth Partners LLC acquired a new position in shares of Edison International in the third quarter worth approximately $26,000. Groupama Asset Managment lifted its stake in shares of 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 acquiring an additional 237 shares during the period. Eastern Bank acquired a new stake in Edison International during the 3rd quarter valued at approximately $27,000. Finally, Larson Financial Group LLC raised its holdings in Edison International by 125.0% during the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 195 shares during the last quarter. 88.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Morgan Stanley reduced their price objective on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating on the stock in a research note on Friday, February 14th. Barclays cut their price target on shares of Edison International from $76.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target for the company in a report on Wednesday, January 15th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $72.00 price objective on shares of Edison International in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company raised their target price on Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.11.

Edison International Price Performance

Shares of EIX opened at $52.10 on Monday. The stock has a market cap of $20.17 billion, a P/E ratio of 15.28, a P/E/G ratio of 1.07 and a beta of 0.90. The business’s fifty day moving average is $64.07 and its 200 day moving average is $77.46. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77.

Edison International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 7th were issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.35%. 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 dividend payout ratio 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.