Edison International (NYSE:EIX) Stock Position Raised by Trilogy Capital Inc.

Trilogy Capital Inc. boosted its position in shares of Edison International (NYSE:EIX) by 3.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,178 shares of the utilities provider’s stock after purchasing an additional 1,325 shares during the period. Trilogy Capital Inc.’s holdings in Edison International were worth $2,968,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in EIX. Robertson Stephens Wealth Management LLC purchased a new position in shares of Edison International during the fourth quarter valued at $243,000. Choreo LLC boosted its position in Edison International by 14.0% during the 4th quarter. Choreo LLC now owns 6,800 shares of the utilities provider’s stock worth $542,000 after acquiring an additional 837 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Edison International by 46.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,399 shares of the utilities provider’s stock valued at $2,984,000 after acquiring an additional 11,840 shares in the last quarter. Jackson Wealth Management LLC increased its holdings in shares of Edison International by 2.4% in the 4th quarter. Jackson Wealth Management LLC now owns 22,066 shares of the utilities provider’s stock valued at $1,762,000 after purchasing an additional 518 shares during the period. Finally, Spirit of America Management Corp NY lifted its position in shares of Edison International by 38.7% in the fourth quarter. Spirit of America Management Corp NY now owns 13,458 shares of the utilities provider’s stock worth $1,074,000 after purchasing an additional 3,758 shares in the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. 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 research note on Thursday, January 23rd. LADENBURG THALM/SH SH raised 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. Jefferies Financial Group started coverage on Edison International in a research report on Thursday, November 7th. They set a “buy” rating and a $93.00 price objective for the company. Guggenheim lowered Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley cut their price target on Edison International from $74.00 to $72.00 and set an “underweight” rating for the company in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Edison International currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.88.

Edison International Trading Up 1.3 %

NYSE:EIX opened at $52.40 on Thursday. The company’s 50 day moving average is $72.73 and its 200-day moving average is $80.00. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. Edison International has a 12 month low of $51.58 and a 12 month high of $88.77. The firm has a market cap of $20.29 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 1.11 and a beta of 0.90.

Edison International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 7th were given a dividend of $0.8275 per share. This is a positive change from Edison International’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $3.31 dividend on an annualized basis and a yield of 6.32%. Edison International’s payout ratio is currently 97.07%.

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.