Edison International (NYSE:EIX) Stock Holdings Decreased by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its position in Edison International (NYSE:EIX) by 5.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 207,291 shares of the utilities provider’s stock after selling 13,000 shares during the quarter. New York State Common Retirement Fund’s holdings in Edison International were worth $16,550,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EIX. Crews Bank & Trust acquired a new stake in Edison International during the 4th quarter valued at $25,000. Highline Wealth Partners LLC purchased a new position in shares of Edison International during the third quarter valued at $26,000. Groupama Asset Managment raised its position in Edison International by 0.8% during the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock valued at $26,000 after buying an additional 237 shares during the period. Eastern Bank purchased a new stake in Edison International in the 3rd quarter worth about $27,000. Finally, Larson Financial Group LLC boosted its position in Edison International by 125.0% during the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 195 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Performance

Shares of NYSE EIX opened at $52.10 on Monday. The business’s 50-day simple moving average is $64.07 and its 200-day simple moving average is $77.46. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. Edison International has a 52 week low of $49.06 and a 52 week high of $88.77. The firm has a market cap of $20.17 billion, a price-to-earnings ratio of 15.28, a P/E/G ratio of 1.07 and a beta of 0.90.

Edison International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th were given a $0.8275 dividend. This is a positive change from Edison International’s previous quarterly dividend of $0.78. 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 6.35%. Edison International’s dividend payout ratio (DPR) is currently 97.07%.

Wall Street Analysts Forecast Growth

EIX has been the topic of a number of research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $72.00 target price on shares of Edison International in a report on Wednesday, February 12th. Jefferies Financial Group initiated coverage on shares of Edison International in a research report on Thursday, November 7th. They issued a “buy” rating and a $93.00 target price for the company. UBS Group raised shares of Edison International from a “neutral” rating to a “buy” rating and decreased their target price for the company from $69.00 to $65.00 in a research note on Tuesday, February 18th. Wells Fargo & Company upped their price target on shares of Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Guggenheim cut Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Edison International presently has a consensus rating of “Moderate Buy” and a consensus target price 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.