SFE Investment Counsel Buys 445 Shares of Edison International (NYSE:EIX)

SFE Investment Counsel raised its stake in Edison International (NYSE:EIX) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,175 shares of the utilities provider’s stock after buying an additional 445 shares during the period. SFE Investment Counsel’s holdings in Edison International were worth $3,447,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EIX. AMF Tjanstepension AB grew its position in Edison International by 9.8% in the third quarter. AMF Tjanstepension AB now owns 271,365 shares of the utilities provider’s stock worth $23,662,000 after acquiring an additional 24,208 shares in the last quarter. CWM LLC lifted its stake in Edison International by 5.4% during the third quarter. CWM LLC now owns 12,313 shares of the utilities provider’s stock worth $1,072,000 after purchasing an additional 626 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Edison International by 597.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,858 shares of the utilities provider’s stock worth $336,000 after purchasing an additional 3,305 shares in the last quarter. Creative Planning increased its position in shares of Edison International by 6.4% during the 3rd quarter. Creative Planning now owns 50,962 shares of the utilities provider’s stock valued at $4,438,000 after purchasing an additional 3,078 shares during the last quarter. Finally, Swedbank AB raised its holdings in shares of Edison International by 13.5% during the 3rd quarter. Swedbank AB now owns 506,819 shares of the utilities provider’s stock valued at $44,139,000 after buying an additional 60,182 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Up 3.8 %

Shares of NYSE:EIX opened at $52.72 on Thursday. The firm has a market capitalization of $20.41 billion, a P/E ratio of 15.46, a P/E/G ratio of 1.05 and a beta of 0.90. The stock has a 50 day moving average price of $68.48 and a 200-day moving average price of $78.92. Edison International has a 52-week low of $49.06 and a 52-week high of $88.77. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 7th were paid a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 6.28%. This is a positive change from Edison International’s previous quarterly dividend of $0.78. The ex-dividend date was Tuesday, January 7th. Edison International’s dividend payout ratio (DPR) is presently 97.07%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. 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 target price for the company. Barclays lowered their price objective 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $72.00 target price on shares of Edison International in a report on Wednesday. Morgan Stanley lowered their price target on shares of Edison International from $74.00 to $72.00 and set an “underweight” rating for the company in a research note on Friday, November 22nd. Finally, UBS Group cut their price target on shares of Edison International from $87.00 to $69.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Edison International has an average rating of “Hold” and an average price target of $82.11.

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.