Edison International (NYSE:EIX) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its position in Edison International (NYSE:EIX) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,579 shares of the utilities provider’s stock after purchasing an additional 216 shares during the period. Vontobel Holding Ltd.’s holdings in Edison International were worth $366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Manchester Financial Inc. lifted its stake in shares of Edison International by 3.0% in the 4th quarter. Manchester Financial Inc. now owns 7,686 shares of the utilities provider’s stock valued at $614,000 after purchasing an additional 226 shares during the period. Asset Management One Co. Ltd. raised its position in Edison International by 2.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 204,634 shares of the utilities provider’s stock worth $16,328,000 after acquiring an additional 5,599 shares during the period. SFE Investment Counsel raised its position in Edison International by 1.0% during the fourth quarter. SFE Investment Counsel now owns 43,175 shares of the utilities provider’s stock worth $3,447,000 after acquiring an additional 445 shares during the period. Stanley Laman Group Ltd. acquired a new position in Edison International during the fourth quarter worth $219,000. Finally, Consolidated Planning Corp raised its position in Edison International by 42.5% during the fourth quarter. Consolidated Planning Corp now owns 7,636 shares of the utilities provider’s stock worth $610,000 after acquiring an additional 2,278 shares during the period. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Trading Down 1.1 %

Shares of EIX opened at $51.86 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. The firm has a 50-day moving average price of $65.26 and a 200 day moving average price of $77.90. The firm has a market capitalization of $20.08 billion, a P/E ratio of 15.21, a P/E/G ratio of 1.05 and a beta of 0.90.

Edison International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 7th were issued a $0.8275 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.38%. This is a positive change from Edison International’s previous quarterly dividend of $0.78. Edison International’s dividend payout ratio is currently 97.07%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Barclays reduced their price objective on shares of Edison International from $76.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. JPMorgan Chase & Co. restated a “neutral” rating and set a $72.00 price objective on shares of Edison International in a research report on Wednesday, February 12th. Jefferies Financial Group began coverage on shares of Edison International in a research report on Thursday, November 7th. They set a “buy” rating and a $93.00 price objective for the company. Finally, LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price for the company in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.11.

About Edison International

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.