Virtu Financial LLC lifted its position in Edison International (NYSE:EIX) by 168.9% in the 4th quarter, Holdings Channel reports. The fund owned 42,728 shares of the utilities provider’s stock after acquiring an additional 26,836 shares during the period. Virtu Financial LLC’s holdings in Edison International were worth $2,702,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in EIX. Dimensional Fund Advisors LP lifted its holdings in shares of Edison International by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 589,722 shares of the utilities provider’s stock worth $46,110,000 after acquiring an additional 5,216 shares during the last quarter. OxFORD Asset Management LLP bought a new stake in shares of Edison International in the 2nd quarter worth about $204,000. Intl Fcstone Inc. bought a new stake in shares of Edison International in the 2nd quarter worth about $625,000. Eqis Capital Management Inc. lifted its holdings in shares of Edison International by 9.2% in the 3rd quarter. Eqis Capital Management Inc. now owns 8,290 shares of the utilities provider’s stock worth $640,000 after acquiring an additional 698 shares during the last quarter. Finally, PGGM Investments lifted its holdings in shares of Edison International by 2.1% in the 3rd quarter. PGGM Investments now owns 663,202 shares of the utilities provider’s stock worth $51,179,000 after acquiring an additional 13,851 shares during the last quarter. Hedge funds and other institutional investors own 79.43% of the company’s stock.
Shares of Edison International (NYSE:EIX) opened at $61.05 on Friday. Edison International has a twelve month low of $57.63 and a twelve month high of $83.38. The firm has a market cap of $19,890.76, a PE ratio of 13.78, a P/E/G ratio of 2.25 and a beta of 0.17. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were issued a dividend of $0.605 per share. This is a positive change from Edison International’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.42 dividend on an annualized basis and a yield of 3.96%. Edison International’s dividend payout ratio (DPR) is presently 54.63%.
Several research firms have recently issued reports on EIX. ValuEngine upgraded shares of Edison International from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Bank of America reiterated a “buy” rating and set a $86.00 price objective on shares of Edison International in a report on Tuesday, October 24th. SunTrust Banks reiterated a “buy” rating and set a $89.00 price objective on shares of Edison International in a report on Monday, October 30th. Citigroup set a $87.00 price objective on shares of Edison International and gave the company a “hold” rating in a report on Tuesday, December 12th. Finally, Mizuho lowered shares of Edison International from a “buy” rating to a “neutral” rating in a report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Edison International currently has an average rating of “Hold” and an average target price of $77.21.
Edison International Profile
Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.
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