Yousif Capital Management LLC Purchases 8,537 Shares of Edison International (NYSE:EIX)

Yousif Capital Management LLC lifted its holdings in Edison International (NYSE:EIX) by 15.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,022 shares of the utilities provider’s stock after purchasing an additional 8,537 shares during the period. Yousif Capital Management LLC’s holdings in Edison International were worth $5,191,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Highline Wealth Partners LLC bought a new position in Edison International in the 3rd quarter worth approximately $26,000. Eastern Bank acquired a new stake in shares of Edison International in the third quarter worth $27,000. Crews Bank & Trust bought a new position in Edison International during the fourth quarter worth $25,000. Larson Financial Group LLC raised its stake in Edison International by 125.0% during the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 195 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in Edison International in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on EIX shares. Guggenheim downgraded shares of Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. 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 report on Friday, November 22nd. LADENBURG THALM/SH SH raised Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective on the stock in a report on Wednesday, January 15th. UBS Group cut their target price on Edison International from $87.00 to $69.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Jefferies Financial Group began coverage on shares of Edison International in a research note on Thursday, November 7th. They set a “buy” rating and a $93.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $82.88.

Edison International Trading Down 2.7 %

Shares of Edison International stock opened at $51.00 on Friday. The stock has a market capitalization of $19.75 billion, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. Edison International has a 12-month low of $50.98 and a 12-month high of $88.77. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. The company has a 50-day simple moving average of $72.01 and a 200 day simple moving average of $79.81.

Edison International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th were paid a $0.8275 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.49%. This is a boost from Edison International’s previous quarterly dividend of $0.78. Edison International’s 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.