Csenge Advisory Group Has $1.46 Million Position in Edison International (NYSE:EIX)

Csenge Advisory Group boosted its position in Edison International (NYSE:EIX) by 47.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,297 shares of the utilities provider’s stock after purchasing an additional 5,874 shares during the period. Csenge Advisory Group’s holdings in Edison International were worth $1,461,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Crews Bank & Trust acquired a new position in Edison International in the 4th quarter worth about $25,000. Highline Wealth Partners LLC acquired a new stake in shares of Edison International in the third quarter valued at about $26,000. Groupama Asset Managment increased its stake in shares of Edison International by 0.8% in the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock valued at $26,000 after buying an additional 237 shares during the period. Eastern Bank acquired a new stake in shares of Edison International in the third quarter valued at about $27,000. Finally, Larson Financial Group LLC increased its stake in shares of Edison International by 125.0% in the third 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 during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $72.00 price target on shares of Edison International in a research note on Wednesday, February 12th. UBS Group decreased their price target on Edison International from $87.00 to $69.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. LADENBURG THALM/SH SH raised Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target for the company in a research note on Wednesday, January 15th. Finally, Barclays decreased their target price on Edison International from $76.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $80.39.

Edison International Stock Down 2.7 %

Shares of NYSE:EIX opened at $50.11 on Monday. 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. 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 $49.06 and a 12-month high of $88.77. The business’s 50 day moving average is $67.14 and its 200 day moving average is $78.53.

Edison International Increases Dividend

The business 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. This is a boost from Edison International’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $3.31 annualized dividend and a dividend yield of 6.61%. Edison International’s payout ratio 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.