Sanctuary Advisors LLC Sells 3,619 Shares of Edison International (NYSE:EIX)

Sanctuary Advisors LLC trimmed its holdings in shares of Edison International (NYSE:EIX) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,321 shares of the utilities provider’s stock after selling 3,619 shares during the period. Sanctuary Advisors LLC’s holdings in Edison International were worth $2,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lake Street Advisors Group LLC grew its holdings in Edison International by 4.3% during the 3rd quarter. Lake Street Advisors Group LLC now owns 3,015 shares of the utilities provider’s stock worth $263,000 after acquiring an additional 124 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its position in shares of Edison International by 2.8% during the third quarter. Baker Tilly Wealth Management LLC now owns 4,779 shares of the utilities provider’s stock valued at $416,000 after buying an additional 129 shares during the last quarter. SFE Investment Counsel lifted its position in shares of Edison International by 0.3% during the third quarter. SFE Investment Counsel now owns 42,730 shares of the utilities provider’s stock valued at $3,721,000 after buying an additional 130 shares during the last quarter. Assetmark Inc. lifted its position in shares of Edison International by 32.9% during the third quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock valued at $55,000 after buying an additional 157 shares during the last quarter. Finally, Centennial Wealth Advisory LLC lifted its position in shares of Edison International by 3.3% during the third quarter. Centennial Wealth Advisory LLC now owns 5,378 shares of the utilities provider’s stock valued at $468,000 after buying an additional 172 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

Edison International Stock Performance

EIX opened at $52.10 on Friday. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. 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 firm has a market capitalization of $20.17 billion, a PE ratio of 15.28, a P/E/G ratio of 1.07 and a beta of 0.90. The firm has a 50 day moving average of $64.07 and a two-hundred day moving average of $77.52.

Edison International Increases Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, January 7th. This is a positive change from Edison International’s previous quarterly dividend of $0.78. This represents a $3.31 dividend on an annualized basis and a yield of 6.35%. Edison International’s dividend payout ratio (DPR) is currently 97.07%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and set a $72.00 price target on shares of Edison International in a research report on Wednesday, February 12th. Morgan Stanley decreased their price target on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating for the company in a research report on Friday, February 14th. UBS Group raised shares of Edison International from a “neutral” rating to a “buy” rating and decreased their price target for the company from $69.00 to $65.00 in a research report on Tuesday, February 18th. Guggenheim lowered 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 raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective for the company in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Edison International presently has a consensus rating of “Moderate Buy” and an average price target of $80.11.

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.