Edison International (NYSE:EIX) Stock Holdings Trimmed by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC lessened its position in shares of Edison International (NYSE:EIX) by 30.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,783 shares of the utilities provider’s stock after selling 1,246 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Edison International were worth $222,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in EIX. Crews Bank & Trust acquired a new stake in shares of Edison International during the 4th quarter valued at approximately $25,000. Highline Wealth Partners LLC bought a new stake in Edison International during the third quarter valued at $26,000. Groupama Asset Managment raised its holdings in shares of Edison International by 0.8% during the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 237 shares during the period. Eastern Bank bought a new position in shares of Edison International in the 3rd quarter worth about $27,000. Finally, Larson Financial Group LLC lifted its position in shares of Edison International by 125.0% in the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after buying an additional 195 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Up 0.0 %

Edison International stock opened at $50.10 on Tuesday. The company’s 50-day moving average price is $70.50 and its two-hundred day moving average price is $79.48. The stock has a market cap of $19.40 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 1.05 and a beta of 0.90. Edison International has a 52 week low of $49.06 and a 52 week high of $88.77. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 7th were given a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 6.61%. This is an increase from Edison International’s previous quarterly dividend of $0.78. The ex-dividend date was Tuesday, January 7th. Edison International’s dividend payout ratio is 97.07%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EIX shares. UBS Group dropped their price objective on shares of Edison International from $87.00 to $69.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company increased their price target on 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 Edison International from $76.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Jefferies Financial Group initiated coverage on Edison International in a research report on Thursday, November 7th. They issued a “buy” rating and a $93.00 target price on the stock. Finally, Morgan Stanley reduced their price target on shares of Edison International from $74.00 to $72.00 and set an “underweight” rating for the company in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Edison International presently has an average rating of “Moderate Buy” and a consensus target price of $82.88.

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.