Edison International $EIX Holdings Lifted by Versor Investments LP

Versor Investments LP boosted its holdings in shares of Edison International (NYSE:EIX) by 55.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,830 shares of the utilities provider’s stock after buying an additional 18,381 shares during the period. Edison International makes up about 0.5% of Versor Investments LP’s holdings, making the stock its 19th biggest position. Versor Investments LP’s holdings in Edison International were worth $2,865,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. MAI Capital Management grew its position in Edison International by 20.8% during the second quarter. MAI Capital Management now owns 1,172 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 202 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Edison International by 2.4% during the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after acquiring an additional 211 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Edison International by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 73,809 shares of the utilities provider’s stock worth $3,818,000 after acquiring an additional 213 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in shares of Edison International by 21.7% in the second quarter. GHP Investment Advisors Inc. now owns 1,217 shares of the utilities provider’s stock worth $63,000 after acquiring an additional 217 shares during the last quarter. Finally, Generali Asset Management SPA SGR raised its holdings in shares of Edison International by 0.7% during the third 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 in the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Trading Down 0.3%

Edison International stock opened at $63.79 on Tuesday. Edison International has a 52 week low of $47.73 and a 52 week high of $64.68. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.76 and a current ratio of 0.82. The firm has a market capitalization of $24.55 billion, a PE ratio of 8.34, a PEG ratio of 0.94 and a beta of 0.82. The business’s 50-day simple moving average is $60.28 and its 200-day simple moving average is $57.37.

Edison International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Stockholders of record on Wednesday, January 7th were paid a $0.8775 dividend. The ex-dividend date was Wednesday, January 7th. This is a positive change from Edison International’s previous quarterly dividend of $0.83. This represents a $3.51 annualized dividend and a dividend yield of 5.5%. Edison International’s dividend payout ratio is 45.88%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Edison International from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. LADENBURG THALM/SH SH increased their price objective on Edison International from $52.50 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research report on Monday, December 29th. Barclays decreased their target price on shares of Edison International from $68.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Finally, Morgan Stanley restated an “underweight” rating on shares of Edison International in a research note on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $63.30.

Edison International Profile

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.