Visionary Horizons LLC Reduces Stock Position in Edison International (NYSE:EIX)

Visionary Horizons LLC trimmed its holdings in shares of Edison International (NYSE:EIX) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,630 shares of the utilities provider’s stock after selling 300 shares during the quarter. Visionary Horizons LLC’s holdings in Edison International were worth $609,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Highline Wealth Partners LLC purchased a new stake in Edison International during the third quarter valued at approximately $26,000. Eastern Bank bought a new position in shares of Edison International during the 3rd quarter valued at approximately $27,000. Crews Bank & Trust purchased a new stake in Edison International during the 4th quarter valued at $25,000. Larson Financial Group LLC lifted its position in Edison International by 125.0% in the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after buying an additional 195 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in Edison International in the third quarter worth $32,000. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

Shares of Edison International stock opened at $49.99 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. The stock’s fifty day moving average price is $70.50 and its 200-day moving average price is $79.43. The firm has a market cap of $19.36 billion, a P/E ratio of 14.66, a P/E/G ratio of 1.05 and a beta of 0.90. Edison International has a 12 month low of $49.92 and a 12 month high of $88.77.

Edison International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th were issued a $0.8275 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $3.31 annualized dividend and a dividend yield of 6.62%. This is a positive change from Edison International’s previous quarterly dividend of $0.78. Edison International’s payout ratio is currently 97.07%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. LADENBURG THALM/SH SH raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price on the stock in a research note on Wednesday, January 15th. Guggenheim lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Morgan Stanley dropped their target price 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. UBS Group cut their target price on Edison International from $87.00 to $69.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Barclays decreased their price target on Edison International from $76.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. One 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.88.

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.