Edison International (NYSE:EIX) Shares Acquired by Howard Capital Management Inc.

Howard Capital Management Inc. lifted its stake in Edison International (NYSE:EIX) by 10.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,060 shares of the utilities provider’s stock after purchasing an additional 554 shares during the period. Howard Capital Management Inc.’s holdings in Edison International were worth $484,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. WESPAC Advisors LLC grew its holdings in Edison International by 6.4% in the 4th quarter. WESPAC Advisors LLC now owns 9,335 shares of the utilities provider’s stock valued at $745,000 after buying an additional 565 shares in the last quarter. Oxbow Advisors LLC boosted its position in shares of Edison International by 4.6% during the 4th quarter. Oxbow Advisors LLC now owns 33,654 shares of the utilities provider’s stock valued at $2,687,000 after acquiring an additional 1,487 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Edison International by 814.8% in the fourth quarter. Handelsbanken Fonder AB now owns 224,521 shares of the utilities provider’s stock valued at $17,926,000 after purchasing an additional 199,979 shares during the period. Ieq Capital LLC increased its position in Edison International by 28.7% during the fourth quarter. Ieq Capital LLC now owns 18,856 shares of the utilities provider’s stock worth $1,505,000 after purchasing an additional 4,208 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management purchased a new position in Edison International during the fourth quarter worth about $229,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

EIX has been the topic of several analyst reports. Guggenheim lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. UBS Group upgraded Edison International from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $69.00 to $65.00 in a report on Tuesday, February 18th. Jefferies Financial Group initiated coverage on shares of Edison International in a report on Thursday, November 7th. They issued a “buy” rating and a $93.00 price objective on the stock. Morgan Stanley lowered their target price on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating for the company in a research note on Friday, February 14th. Finally, Wells Fargo & Company boosted their price target on shares of Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.11.

Edison International Price Performance

Shares of EIX opened at $52.06 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. Edison International has a fifty-two week low of $49.06 and a fifty-two week high of $88.77. The company has a market cap of $20.16 billion, a P/E ratio of 15.27, a PEG ratio of 1.07 and a beta of 0.90. The firm’s 50 day moving average price is $63.49 and its 200 day moving average price is $77.25.

Edison International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th were paid a $0.8275 dividend. This is a boost from Edison International’s previous quarterly dividend of $0.78. This represents a $3.31 annualized dividend and a dividend yield of 6.36%. The ex-dividend date was Tuesday, January 7th. Edison International’s dividend payout ratio (DPR) is presently 97.07%.

Edison International Profile

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.