Martingale Asset Management L P Acquires 2,006 Shares of Edison International (NYSE:EIX)

Martingale Asset Management L P grew its position in Edison International (NYSE:EIXGet Rating) by 30.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,512 shares of the utilities provider’s stock after acquiring an additional 2,006 shares during the period. Martingale Asset Management L P’s holdings in Edison International were worth $539,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Edison International by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 44,530,226 shares of the utilities provider’s stock valued at $3,121,569,000 after acquiring an additional 731,841 shares during the period. State Street Corp grew its holdings in shares of Edison International by 6.8% during the 1st quarter. State Street Corp now owns 27,888,808 shares of the utilities provider’s stock valued at $1,973,974,000 after purchasing an additional 1,780,762 shares during the last quarter. Capital International Investors grew its holdings in shares of Edison International by 50.1% during the 1st quarter. Capital International Investors now owns 18,792,163 shares of the utilities provider’s stock valued at $1,317,330,000 after purchasing an additional 6,272,409 shares during the last quarter. Invesco Ltd. grew its holdings in Edison International by 36.8% during the 1st quarter. Invesco Ltd. now owns 5,732,894 shares of the utilities provider’s stock worth $401,877,000 after acquiring an additional 1,541,989 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Edison International by 3.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,962,719 shares of the utilities provider’s stock valued at $277,785,000 after purchasing an additional 119,999 shares during the last quarter. Institutional investors own 87.21% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on EIX. StockNews.com downgraded shares of Edison International from a “hold” rating to a “sell” rating in a research report on Thursday, November 3rd. Mizuho reduced their price target on shares of Edison International from $71.00 to $58.00 and set a “neutral” rating for the company in a research report on Monday, November 7th. Evercore ISI cut their target price on shares of Edison International to $71.00 in a research report on Tuesday, August 9th. Guggenheim lowered their target price on shares of Edison International from $82.00 to $66.00 in a research note on Monday, October 24th. Finally, Credit Suisse Group reduced their price target on shares of Edison International from $64.00 to $59.00 and set a “neutral” rating on the stock in a research report on Friday, October 14th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently 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 business has a 50-day simple moving average of $60.12 and a two-hundred day simple moving average of $64.05. The company has a market cap of $23.84 billion, a P/E ratio of 33.03, a P/E/G ratio of 5.30 and a beta of 0.73. The company has a quick ratio of 0.55, a current ratio of 0.60 and a debt-to-equity ratio of 1.64. Edison International has a 52-week low of $54.45 and a 52-week high of $73.32.

Edison International Dividend Announcement

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

About Edison International

(Get Rating)

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.

Recommended Stories

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

Receive News & Ratings for Edison International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Edison International and related companies with MarketBeat.com's FREE daily email newsletter.