Edison International (NYSE:EIX) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its holdings in shares of Edison International (NYSE:EIXFree Report) by 2.3% during the third quarter, Holdings Channel reports. The firm owned 5,059,262 shares of the utilities provider’s stock after selling 120,652 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Edison International were worth $320,201,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Command Advisory Services Inc. bought a new position in Edison International in the 3rd quarter valued at about $51,000. PGGM Investments purchased a new stake in Edison International during the third quarter valued at about $910,000. Amalgamated Bank lifted its position in shares of Edison International by 5.3% in the third quarter. Amalgamated Bank now owns 102,904 shares of the utilities provider’s stock worth $6,513,000 after purchasing an additional 5,144 shares in the last quarter. Fidelis Capital Partners LLC lifted its position in shares of Edison International by 57.3% in the third quarter. Fidelis Capital Partners LLC now owns 7,416 shares of the utilities provider’s stock worth $469,000 after purchasing an additional 2,701 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in shares of Edison International by 20.8% in the third quarter. Avantax Advisory Services Inc. now owns 12,192 shares of the utilities provider’s stock worth $772,000 after purchasing an additional 2,102 shares in the last quarter. 88.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on EIX. Mizuho dropped their price target on shares of Edison International from $76.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. JPMorgan Chase & Co. dropped their target price on shares of Edison International from $79.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 17th. Barclays lowered their price target on shares of Edison International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a report on Monday, January 22nd. Evercore ISI upgraded shares of Edison International from an “in-line” rating to an “outperform” rating and reduced their target price for the company from $74.00 to $68.00 in a research note on Monday, October 23rd. Finally, StockNews.com upgraded shares of Edison International from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $72.91.

Read Our Latest Analysis on Edison International

Edison International Stock Performance

NYSE:EIX opened at $65.56 on Tuesday. The stock’s 50-day simple moving average is $69.18 and its 200 day simple moving average is $67.82. The firm has a market capitalization of $25.15 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 3.58 and a beta of 0.97. The company has a quick ratio of 0.75, a current ratio of 0.80 and a debt-to-equity ratio of 1.89. Edison International has a twelve month low of $58.82 and a twelve month high of $74.92.

Edison International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were paid a $0.78 dividend. This is a positive change from Edison International’s previous quarterly dividend of $0.74. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend was Thursday, December 28th. Edison International’s payout ratio is currently 97.20%.

About Edison International

(Free Report)

Edison International, through its subsidiaries, generates and distributes electric power. The company supplies electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors. It also provides decarbonization and energy solutions to commercial, institutional, and industrial customers in North America and Europe.

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Institutional Ownership by Quarter for Edison International (NYSE:EIX)

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