Plan Group Financial LLC Purchases 220 Shares of Edison International (NYSE:EIX)

Plan Group Financial LLC grew its holdings in Edison International (NYSE:EIX) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,333 shares of the utilities provider’s stock after acquiring an additional 220 shares during the quarter. Plan Group Financial LLC’s holdings in Edison International were worth $346,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EIX. Crews Bank & Trust acquired a new position in shares of Edison International during the 4th quarter worth approximately $25,000. Highline Wealth Partners LLC bought a new stake in shares of Edison International in the third quarter valued at approximately $26,000. Groupama Asset Managment boosted 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 Edison International during the third quarter worth approximately $27,000. Finally, Larson Financial Group LLC increased its stake in Edison International by 125.0% during the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 195 shares during the period. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Stock Performance

Edison International stock opened at $51.17 on Wednesday. The business has a 50 day moving average of $66.48 and a 200-day moving average of $78.30. The company has a market capitalization of $19.81 billion, a P/E ratio of 15.01, a P/E/G ratio of 1.03 and a beta of 0.90. Edison International has a 1 year low of $49.06 and a 1 year high of $88.77. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81.

Edison International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 7th were given a $0.8275 dividend. 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 6.47%. The ex-dividend date was Tuesday, January 7th. Edison International’s dividend payout ratio is 97.07%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EIX. Wells Fargo & Company upped their target price on Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Barclays cut their price objective on shares of Edison International from $76.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $72.00 target price on shares of Edison International in a report on Wednesday, February 12th. Guggenheim cut shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target on the stock in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Edison International currently has an average rating of “Moderate Buy” and an average target price of $80.11.

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.