Fjarde AP Fonden Fourth Swedish National Pension Fund Has $14.43 Million Holdings in Edison International (NYSE:EIX)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in Edison International (NYSE:EIX) by 24.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 180,687 shares of the utilities provider’s stock after selling 59,410 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Edison International were worth $14,426,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Lake Street Advisors Group LLC grew its position in Edison International by 4.3% during the third quarter. Lake Street Advisors Group LLC now owns 3,015 shares of the utilities provider’s stock valued at $263,000 after purchasing an additional 124 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its stake 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 buying an additional 129 shares during the period. SFE Investment Counsel grew its holdings in shares of Edison International by 0.3% during the 3rd quarter. SFE Investment Counsel now owns 42,730 shares of the utilities provider’s stock valued at $3,721,000 after acquiring an additional 130 shares in the last quarter. Assetmark Inc. increased its stake in shares of Edison International by 32.9% in the third quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 157 shares during the last quarter. Finally, Centennial Wealth Advisory LLC raised its holdings in shares of Edison International by 3.3% during the third quarter. Centennial Wealth Advisory LLC now owns 5,378 shares of the utilities provider’s stock worth $468,000 after acquiring an additional 172 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Performance

NYSE:EIX opened at $52.10 on Monday. The firm has a market capitalization of $20.17 billion, a PE ratio of 15.28, a PEG ratio of 1.07 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 current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. The firm’s fifty day simple moving average is $64.07 and its 200 day simple moving average is $77.46.

Edison International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th were given a $0.8275 dividend. This is an increase from Edison International’s previous quarterly dividend of $0.78. This represents a $3.31 annualized dividend and a dividend yield of 6.35%. The ex-dividend date was Tuesday, January 7th. Edison International’s dividend payout ratio (DPR) is currently 97.07%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Morgan Stanley lowered their target price on Edison International from $71.00 to $48.00 and set an “underweight” rating on the stock in a research note on Friday, February 14th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $72.00 price objective on shares of Edison International in a report on Wednesday, February 12th. UBS Group raised shares of Edison International from a “neutral” rating to a “buy” rating and cut their price objective for the company from $69.00 to $65.00 in a research report on Tuesday, February 18th. Barclays decreased their target price 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. 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 note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Edison International currently has a consensus rating of “Moderate Buy” and a consensus price target 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.