Cozad Asset Management Inc. Boosts Stock Position in Edison International (NYSE:EIX)

Cozad Asset Management Inc. grew its stake in shares of Edison International (NYSE:EIX) by 26.9% during the 4th quarter, HoldingsChannel reports. The fund owned 3,205 shares of the utilities provider’s stock after buying an additional 680 shares during the period. Cozad Asset Management Inc.’s holdings in Edison International were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Cibc World Markets Corp lifted its position in shares of Edison International by 16.6% during the fourth quarter. Cibc World Markets Corp now owns 61,064 shares of the utilities provider’s stock worth $4,875,000 after acquiring an additional 8,695 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Edison International by 0.6% during the fourth quarter. Corient Private Wealth LLC now owns 56,285 shares of the utilities provider’s stock worth $4,494,000 after acquiring an additional 351 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Edison International by 35.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 12,321 shares of the utilities provider’s stock worth $984,000 after acquiring an additional 3,233 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Edison International by 7.2% during the fourth quarter. Natixis Advisors LLC now owns 161,923 shares of the utilities provider’s stock worth $12,928,000 after acquiring an additional 10,912 shares in the last quarter. Finally, Frank Rimerman Advisors LLC lifted its position in shares of Edison International by 10.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 3,244 shares of the utilities provider’s stock worth $259,000 after acquiring an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EIX shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $72.00 price objective on shares of Edison International in a research report on Wednesday, February 12th. Morgan Stanley lowered their price objective on Edison International from $71.00 to $48.00 and set an “underweight” rating on the stock in a research report on Friday, February 14th. Barclays lowered their price objective on Edison International from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Guggenheim downgraded Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Finally, Mizuho lowered their price objective on Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Edison International presently has an average rating of “Moderate Buy” and a consensus target price of $76.54.

Edison International Stock Down 0.4 %

Shares of NYSE:EIX opened at $58.74 on Wednesday. The stock’s 50-day moving average price is $55.80 and its 200-day moving average price is $74.01. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. The stock has a market capitalization of $22.61 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96.

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

Edison International Dividend Announcement

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 paid a dividend of $0.8275 per share. The ex-dividend date is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.64%. Edison International’s dividend payout ratio (DPR) is currently 100.30%.

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.