Edison International (NYSE:EIX) Shares Acquired by RWC Asset Management LLP

RWC Asset Management LLP boosted its stake in Edison International (NYSE:EIX) by 207.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398,812 shares of the utilities provider’s stock after acquiring an additional 268,951 shares during the period. Edison International accounts for 1.6% of RWC Asset Management LLP’s portfolio, making the stock its 18th largest position. RWC Asset Management LLP owned approximately 0.10% of Edison International worth $31,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Lake Street Advisors Group LLC increased its position in shares of Edison International by 4.3% in the 3rd quarter. Lake Street Advisors Group LLC now owns 3,015 shares of the utilities provider’s stock worth $263,000 after purchasing an additional 124 shares during the last quarter. Baker Tilly Wealth Management LLC increased its holdings in Edison International by 2.8% in the third quarter. Baker Tilly Wealth Management LLC now owns 4,779 shares of the utilities provider’s stock valued at $416,000 after buying an additional 129 shares during the last quarter. SFE Investment Counsel increased its holdings in Edison International by 0.3% in the third quarter. SFE Investment Counsel now owns 42,730 shares of the utilities provider’s stock valued at $3,721,000 after buying an additional 130 shares during the last quarter. Assetmark Inc. raised its stake in Edison International by 32.9% during the third quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock valued at $55,000 after buying an additional 157 shares in the last quarter. Finally, Centennial Wealth Advisory LLC lifted its holdings in Edison International by 3.3% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 5,378 shares of the utilities provider’s stock worth $468,000 after buying an additional 172 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lowered their price target on Edison International from $71.00 to $48.00 and set an “underweight” rating for the company in a report on Friday, February 14th. Wells Fargo & Company boosted 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. UBS Group raised shares of Edison International from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $69.00 to $65.00 in a report on Tuesday, February 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $72.00 price target on shares of Edison International in a report on Wednesday, February 12th. Finally, Jefferies Financial Group started coverage on shares of Edison International in a research note on Thursday, November 7th. They set a “buy” rating and a $93.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Edison International currently has an average rating of “Moderate Buy” and an average target price of $80.11.

Edison International Stock Performance

Shares of NYSE EIX opened at $52.10 on Monday. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. The company has a market cap of $20.17 billion, a PE ratio of 15.28, a P/E/G ratio of 1.07 and a beta of 0.90. The stock has a 50 day simple moving average of $64.07 and a 200-day simple moving average of $77.46.

Edison International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th were paid a $0.8275 dividend. This is a boost from Edison International’s previous quarterly dividend of $0.78. The ex-dividend date was Tuesday, January 7th. This represents a $3.31 annualized dividend and a dividend yield of 6.35%. 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.