Jackson Wealth Management LLC Purchases 518 Shares of Edison International (NYSE:EIX)

Jackson Wealth Management LLC grew its position in Edison International (NYSE:EIX) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 22,066 shares of the utilities provider’s stock after buying an additional 518 shares during the period. Jackson Wealth Management LLC’s holdings in Edison International were worth $1,762,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lake Street Advisors Group LLC increased its holdings in shares of Edison International by 4.3% in the third quarter. Lake Street Advisors Group LLC now owns 3,015 shares of the utilities provider’s stock worth $263,000 after acquiring an additional 124 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its holdings in shares of Edison International by 2.8% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 4,779 shares of the utilities provider’s stock valued at $416,000 after purchasing an additional 129 shares in the last quarter. SFE Investment Counsel increased its stake in Edison International by 0.3% during the 3rd quarter. SFE Investment Counsel now owns 42,730 shares of the utilities provider’s stock worth $3,721,000 after purchasing an additional 130 shares in the last quarter. Assetmark Inc. lifted its stake in Edison International by 32.9% in the third quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock valued at $55,000 after buying an additional 157 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of Edison International by 2.1% in the third quarter. Dynamic Advisor Solutions LLC now owns 7,697 shares of the utilities provider’s stock valued at $670,000 after buying an additional 159 shares during the period. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

Shares of NYSE:EIX opened at $51.68 on Wednesday. Edison International has a 1 year low of $51.58 and a 1 year high of $88.77. The stock has a market capitalization of $20.01 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The company’s 50 day simple moving average is $73.45 and its 200 day simple moving average is $80.16.

Edison International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 7th were issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date was Tuesday, January 7th. This is an increase from Edison International’s previous quarterly dividend of $0.78. Edison International’s dividend payout ratio (DPR) is currently 97.07%.

Analysts Set New Price Targets

A number of brokerages recently commented on EIX. Barclays dropped their price objective on shares of Edison International from $76.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. UBS Group cut their price objective on shares of Edison International from $87.00 to $69.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Guggenheim cut shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Morgan Stanley decreased their price objective on Edison International from $74.00 to $72.00 and set an “underweight” rating for the company in a report on Friday, November 22nd. Finally, Wells Fargo & Company upped their target price on Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.88.

About Edison International

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.