Wilmington Savings Fund Society FSB Has $258,000 Position in Edison International (NYSE:EIX)

Wilmington Savings Fund Society FSB lifted its position in Edison International (NYSE:EIX) by 49.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,231 shares of the utilities provider’s stock after purchasing an additional 1,067 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Edison International were worth $258,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. AMF Tjanstepension AB grew its stake in Edison International by 9.8% in the third quarter. AMF Tjanstepension AB now owns 271,365 shares of the utilities provider’s stock valued at $23,662,000 after acquiring an additional 24,208 shares during the period. Park Avenue Securities LLC bought a new position in shares of Edison International during the 3rd quarter valued at about $236,000. CWM LLC grew its position in shares of Edison International by 5.4% in the 3rd quarter. CWM LLC now owns 12,313 shares of the utilities provider’s stock valued at $1,072,000 after purchasing an additional 626 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Edison International by 357.1% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,176 shares of the utilities provider’s stock valued at $189,000 after purchasing an additional 1,700 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in Edison International by 597.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 3,858 shares of the utilities provider’s stock worth $336,000 after purchasing an additional 3,305 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EIX shares. Wells Fargo & Company lifted their price target on shares of Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Guggenheim cut shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price for the company in a report on Wednesday, January 15th. Jefferies Financial Group initiated coverage on Edison International in a research note on Thursday, November 7th. They issued a “buy” rating and a $93.00 price target on the stock. Finally, Morgan Stanley reduced their price objective on Edison International from $74.00 to $72.00 and set an “underweight” rating for the company in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.88.

Edison International Trading Up 1.3 %

Shares of Edison International stock opened at $50.84 on Wednesday. The stock has a market cap of $19.68 billion, a P/E ratio of 14.91, a P/E/G ratio of 1.05 and a beta of 0.90. 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 $49.06 and a 12-month high of $88.77. The business’s 50 day moving average is $69.79 and its 200-day moving average is $79.30.

Edison International Increases Dividend

The company also recently declared 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. This represents a $3.31 annualized dividend and a yield of 6.51%. The ex-dividend date of this dividend was Tuesday, January 7th. Edison International’s dividend payout ratio is 97.07%.

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.