New Age Alpha Advisors LLC Has $2.33 Million Position in Edison International (NYSE:EIX)

New Age Alpha Advisors LLC raised its stake in Edison International (NYSE:EIX) by 15,998.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,138 shares of the utilities provider’s stock after acquiring an additional 28,957 shares during the period. New Age Alpha Advisors LLC’s holdings in Edison International were worth $2,326,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Jamison Private Wealth Management Inc. increased its position in shares of Edison International by 2.6% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 6,887 shares of the utilities provider’s stock worth $550,000 after purchasing an additional 174 shares during the period. Bleakley Financial Group LLC grew its stake in Edison International by 2.9% during the fourth quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider’s stock worth $503,000 after buying an additional 176 shares in the last quarter. Old Port Advisors increased its holdings in Edison International by 0.9% in the 4th quarter. Old Port Advisors now owns 19,292 shares of the utilities provider’s stock valued at $1,540,000 after buying an additional 180 shares during the period. Larson Financial Group LLC raised its position in shares of Edison International by 125.0% in the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock valued at $31,000 after buying an additional 195 shares in the last quarter. Finally, Centre Asset Management LLC lifted its holdings in shares of Edison International by 8.1% during the 4th quarter. Centre Asset Management LLC now owns 2,656 shares of the utilities provider’s stock worth $212,000 after acquiring an additional 199 shares during the period. 88.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EIX shares. Guggenheim cut shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Barclays lowered their price target on Edison International from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Wells Fargo & Company dropped their price objective on Edison International from $94.00 to $75.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. LADENBURG THALM/SH SH upgraded 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. Finally, Morgan Stanley increased their target price on shares of Edison International from $48.00 to $52.00 and gave the stock an “underweight” rating in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $76.82.

Edison International Trading Up 1.6 %

Shares of NYSE EIX opened at $58.20 on Friday. The firm has a 50 day moving average price of $55.00 and a two-hundred day moving average price of $72.50. The stock has a market cap of $22.41 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. Edison International has a 52-week low of $49.06 and a 52-week high of $88.77. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.03). The company had revenue of $17.60 billion during the quarter, compared to analyst estimates of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. As a group, equities analysts forecast that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be given a dividend of $0.8275 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.69%. Edison International’s dividend payout ratio (DPR) is 100.30%.

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.