Oxbow Advisors LLC Has $2.69 Million Stock Position in Edison International (NYSE:EIX)

Oxbow Advisors LLC boosted its holdings in shares of Edison International (NYSE:EIX) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,654 shares of the utilities provider’s stock after buying an additional 1,487 shares during the period. Oxbow Advisors LLC’s holdings in Edison International were worth $2,687,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of EIX. Swedbank AB increased its position in Edison International by 3.3% in the 4th quarter. Swedbank AB now owns 523,433 shares of the utilities provider’s stock worth $41,791,000 after purchasing an additional 16,614 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in Edison International in the 4th quarter worth about $235,000. KBC Group NV increased its position in Edison International by 23.7% in the 4th quarter. KBC Group NV now owns 61,342 shares of the utilities provider’s stock worth $4,898,000 after purchasing an additional 11,764 shares during the last quarter. abrdn plc increased its position in Edison International by 19.5% in the 4th quarter. abrdn plc now owns 1,695,182 shares of the utilities provider’s stock worth $134,335,000 after purchasing an additional 276,656 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Edison International in the 3rd quarter worth about $1,387,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on EIX. LADENBURG THALM/SH SH raised Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price on the stock in a research report on Wednesday, January 15th. Jefferies Financial Group assumed 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. JPMorgan Chase & Co. reissued a “neutral” rating and set a $72.00 price objective on shares of Edison International in a report on Wednesday, February 12th. Guggenheim lowered Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company increased their price objective on Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $80.11.

Edison International Price Performance

Shares of NYSE:EIX opened at $52.10 on Friday. The business has a 50 day moving average price of $64.67 and a 200 day moving average price of $77.72. Edison International has a twelve month low of $49.06 and a twelve month high of $88.77. The company has a market cap of $20.17 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 1.07 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 7th were paid a dividend of $0.8275 per share. This is an increase 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 yield of 6.35%. Edison International’s dividend payout ratio is presently 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.