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

Yousif Capital Management LLC raised its stake in Edison International (NYSE:EIX) by 15.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,022 shares of the utilities provider’s stock after acquiring an additional 8,537 shares during the quarter. Yousif Capital Management LLC’s holdings in Edison International were worth $5,191,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crews Bank & Trust acquired a new position in shares of Edison International during the fourth quarter worth approximately $25,000. Highline Wealth Partners LLC bought a new position in Edison International in the 3rd quarter worth approximately $26,000. Groupama Asset Managment raised its position in Edison International by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 237 shares during the last quarter. Eastern Bank bought a new position in Edison International in the 3rd quarter valued at $27,000. Finally, Larson Financial Group LLC raised its position in shares of Edison International by 125.0% during the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 195 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Down 2.7 %

NYSE:EIX opened at $51.00 on Friday. The stock has a market cap of $19.75 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 1.11 and a beta of 0.90. 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 50-day moving average price of $72.01 and a two-hundred day moving average price of $79.81. Edison International has a 1 year low of $50.98 and a 1 year high of $88.77.

Edison International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 7th were paid a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 6.49%. This is a boost from Edison International’s previous quarterly dividend of $0.78. The ex-dividend date was Tuesday, January 7th. Edison International’s dividend payout ratio is presently 97.07%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EIX shares. UBS Group cut their price target 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. Barclays lowered their price target on shares of Edison International from $76.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Guggenheim lowered shares of Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price for the company in a report on Wednesday, January 15th. Finally, Wells Fargo & Company increased their price target on Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.