E. Ohman J or Asset Management AB Acquires 2,290 Shares of Edison International (NYSE:EIX)

E. Ohman J or Asset Management AB raised its holdings in shares of Edison International (NYSE:EIX) by 14.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 17,990 shares of the utilities provider’s stock after acquiring an additional 2,290 shares during the period. E. Ohman J or Asset Management AB’s holdings in Edison International were worth $1,436,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Crews Bank & Trust purchased a new stake in shares of Edison International in the 4th quarter worth $25,000. Highline Wealth Partners LLC purchased a new stake in Edison International in the third quarter worth about $26,000. Groupama Asset Managment increased its position in Edison International by 0.8% in the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock worth $26,000 after buying an additional 237 shares in the last quarter. Eastern Bank bought a new position in shares of Edison International in the third quarter worth about $27,000. Finally, Larson Financial Group LLC lifted its position in shares of Edison International by 125.0% during the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock valued at $31,000 after buying an additional 195 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EIX shares. UBS Group reduced their target price on shares of Edison International from $87.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Morgan Stanley decreased their price objective on shares of Edison International from $74.00 to $72.00 and set an “underweight” rating on the stock in a research report on Friday, November 22nd. Barclays dropped their target price on shares of Edison International from $76.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. LADENBURG THALM/SH SH raised Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target on the stock in a report on Wednesday, January 15th. Finally, Jefferies Financial Group initiated coverage on Edison International in a research note on Thursday, November 7th. They issued a “buy” rating and a $93.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Edison International currently has an average rating of “Moderate Buy” and a consensus target price of $82.88.

Edison International Stock Performance

Shares of NYSE:EIX opened at $51.68 on Wednesday. The firm has a fifty day simple moving average of $73.45 and a two-hundred day simple moving average of $80.16. Edison International has a 52 week low of $51.58 and a 52 week high of $88.77. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $20.01 billion, a P/E ratio of 15.16, a PEG ratio of 1.11 and a beta of 0.90.

Edison International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 7th were paid a dividend of $0.8275 per share. This is a boost from Edison International’s previous quarterly dividend of $0.78. This represents a $3.31 annualized dividend and a yield of 6.40%. The ex-dividend date of this dividend was Tuesday, January 7th. Edison International’s payout ratio is presently 97.07%.

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.