Edison International (NYSE:EIX) Position Boosted by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC raised its holdings in shares of Edison International (NYSE:EIX) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,943 shares of the utilities provider’s stock after acquiring an additional 565 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in Edison International were worth $475,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Trilogy Capital Inc. grew its stake in Edison International by 3.7% during the 4th quarter. Trilogy Capital Inc. now owns 37,178 shares of the utilities provider’s stock valued at $2,968,000 after acquiring an additional 1,325 shares in the last quarter. Robertson Stephens Wealth Management LLC acquired a new stake in shares of Edison International during the 4th quarter valued at about $243,000. Choreo LLC lifted its holdings in shares of Edison International by 14.0% during the 4th quarter. Choreo LLC now owns 6,800 shares of the utilities provider’s stock valued at $542,000 after buying an additional 837 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Edison International by 46.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,399 shares of the utilities provider’s stock valued at $2,984,000 after buying an additional 11,840 shares during the last quarter. Finally, Jackson Wealth Management LLC lifted its holdings in shares of Edison International by 2.4% during the 4th quarter. Jackson Wealth Management LLC now owns 22,066 shares of the utilities provider’s stock valued at $1,762,000 after buying an additional 518 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Morgan Stanley reduced their price target on Edison International from $74.00 to $72.00 and set an “underweight” rating for the company in a report on Friday, November 22nd. Wells Fargo & Company lifted their price target on Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Barclays reduced their price target on 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 upgraded Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target for the company in a report on Wednesday, January 15th. Finally, Jefferies Financial Group began coverage on Edison International in a report on Thursday, November 7th. They set a “buy” rating and a $93.00 price target for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Edison International has a consensus rating of “Moderate Buy” and a consensus target price of $82.88.

Edison International Stock Performance

NYSE:EIX opened at $52.40 on Thursday. The firm has a market capitalization of $20.29 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. 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 12-month low of $51.58 and a 12-month high of $88.77. The firm has a 50-day moving average price of $72.73 and a 200 day moving average price of $80.00.

Edison International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 7th were given a dividend of $0.8275 per share. 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 6.32%. This is a boost from Edison International’s previous quarterly dividend of $0.78. Edison International’s dividend payout ratio (DPR) is 97.07%.

Edison International Company 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.