Cerity Partners LLC Purchases 548 Shares of Edison International (NYSE:EIX)

Cerity Partners LLC increased its position in Edison International (NYSE:EIXGet Rating) by 18.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,563 shares of the utilities provider’s stock after purchasing an additional 548 shares during the period. Cerity Partners LLC’s holdings in Edison International were worth $225,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. San Luis Wealth Advisors LLC bought a new position in Edison International during the 1st quarter valued at about $25,000. Prospera Financial Services Inc bought a new position in Edison International during the 1st quarter valued at about $27,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in Edison International by 128.5% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 457 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 257 shares during the period. Hazlett Burt & Watson Inc. bought a new position in Edison International during the 1st quarter valued at about $34,000. Finally, Silvant Capital Management LLC bought a new position in Edison International during the 1st quarter valued at about $39,000. Institutional investors own 87.21% of the company’s stock.

Wall Street Analysts Forecast Growth

EIX has been the topic of several research analyst reports. Credit Suisse Group lowered their target price on shares of Edison International from $64.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday, October 14th. Guggenheim lowered their target price on shares of Edison International from $82.00 to $66.00 in a research note on Monday, October 24th. Mizuho lowered their price objective on shares of Edison International from $71.00 to $58.00 and set a “neutral” rating on the stock in a research note on Monday, November 7th. Evercore ISI lowered their price objective on shares of Edison International to $71.00 in a research note on Tuesday, August 9th. Finally, StockNews.com cut shares of Edison International from a “hold” rating to a “sell” rating in a research note on Thursday, November 3rd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $68.00.

Edison International Trading Up 0.8 %

Edison International stock opened at $62.43 on Wednesday. The firm has a 50 day moving average of $60.12 and a 200 day moving average of $64.05. The firm has a market capitalization of $23.84 billion, a price-to-earnings ratio of 33.03, a P/E/G ratio of 5.30 and a beta of 0.73. Edison International has a 12-month low of $54.45 and a 12-month high of $73.32. The company has a current ratio of 0.60, a quick ratio of 0.55 and a debt-to-equity ratio of 1.64.

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, September 30th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.49%. The ex-dividend date was Thursday, September 29th. Edison International’s dividend payout ratio is 148.15%.

Edison International Company Profile

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Edison International, through its subsidiaries, generates and distributes electric power. It delivers electricity to 15 million residential, commercial, industrial, public authorities, agricultural, and other customers across Southern, Central, and Coastal California. The company also provides energy solutions to commercial and industrial users.

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Institutional Ownership by Quarter for Edison International (NYSE:EIX)

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