Sanctuary Advisors LLC Decreases Stock Holdings in Edison International (NYSE:EIX)

Sanctuary Advisors LLC decreased its holdings in shares of Edison International (NYSE:EIX) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,321 shares of the utilities provider’s stock after selling 3,619 shares during the quarter. Sanctuary Advisors LLC’s holdings in Edison International were worth $2,261,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EIX. AMF Tjanstepension AB raised its stake in Edison International by 9.8% during the third quarter. AMF Tjanstepension AB now owns 271,365 shares of the utilities provider’s stock valued at $23,662,000 after purchasing an additional 24,208 shares in the last quarter. Blue Trust Inc. raised its stake in Edison International by 135.2% during the third quarter. Blue Trust Inc. now owns 2,465 shares of the utilities provider’s stock valued at $215,000 after purchasing an additional 1,417 shares in the last quarter. Eastern Bank purchased a new stake in Edison International during the third quarter valued at $27,000. International Assets Investment Management LLC purchased a new stake in Edison International during the third quarter valued at $8,879,000. Finally, Dakota Wealth Management purchased a new stake in Edison International during the third quarter valued at $279,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Trading Up 0.4 %

NYSE EIX opened at $52.10 on Friday. The company’s 50-day moving average price is $64.07 and its 200-day moving average price is $77.52. 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 has a market cap of $20.17 billion, a PE ratio of 15.28, a PEG ratio of 1.07 and a beta of 0.90. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77.

Edison International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 7th were issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 6.35%. This is a boost from Edison International’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Tuesday, January 7th. Edison International’s dividend payout ratio is presently 97.07%.

Analysts Set New Price Targets

A number of research firms recently issued reports on EIX. 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. Wells Fargo & Company boosted their price objective on shares of Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Barclays cut 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 report on Thursday, January 23rd. Guggenheim cut shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective on the stock in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $80.11.

Edison International Company 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.