National Pension Service Acquires 26,524 Shares of Edison International $EIX

National Pension Service grew its position in Edison International (NYSE:EIX) by 4.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 638,317 shares of the utilities provider’s stock after purchasing an additional 26,524 shares during the quarter. National Pension Service owned approximately 0.17% of Edison International worth $35,286,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. MAI Capital Management increased its position in shares of Edison International by 20.8% during the second quarter. MAI Capital Management now owns 1,172 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 202 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Edison International by 2.4% in the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after buying an additional 211 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Edison International by 0.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 73,809 shares of the utilities provider’s stock valued at $3,818,000 after buying an additional 213 shares during the period. GHP Investment Advisors Inc. increased its stake in shares of Edison International by 21.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 1,217 shares of the utilities provider’s stock worth $63,000 after purchasing an additional 217 shares during the last quarter. Finally, Generali Asset Management SPA SGR increased its holdings in Edison International by 0.7% in the 3rd quarter. Generali Asset Management SPA SGR now owns 31,539 shares of the utilities provider’s stock worth $1,743,000 after acquiring an additional 234 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Wall Street Analyst Weigh In

EIX has been the subject of several analyst reports. Morgan Stanley restated an “underweight” rating on shares of Edison International in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research note on Monday, December 29th. UBS Group restated a “buy” rating on shares of Edison International in a report on Friday, January 16th. Jefferies Financial Group lowered their price target on Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. Finally, Wall Street Zen raised shares of Edison International from a “hold” rating to a “buy” rating in a research report on Thursday, January 15th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Edison International currently has a consensus rating of “Hold” and an average price target of $63.30.

Edison International Stock Down 2.5%

Shares of EIX stock opened at $60.69 on Tuesday. The company’s fifty day simple moving average is $59.83 and its two-hundred day simple moving average is $56.96. Edison International has a 52 week low of $47.73 and a 52 week high of $63.19. The stock has a market cap of $23.35 billion, a P/E ratio of 7.93, a PEG ratio of 0.91 and a beta of 0.82. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 1.95.

Edison International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Wednesday, January 7th were given a $0.8775 dividend. This is an increase from Edison International’s previous quarterly dividend of $0.83. This represents a $3.51 annualized dividend and a yield of 5.8%. The ex-dividend date was Wednesday, January 7th. Edison International’s dividend payout ratio (DPR) is 45.88%.

About Edison International

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.