14,646 Shares in Edison International $EIX Acquired by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD acquired a new position in shares of Edison International (NYSE:EIX) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 14,646 shares of the utilities provider’s stock, valued at approximately $810,000.

Several other hedge funds have also made changes to their positions in EIX. Activest Wealth Management grew its position in shares of Edison International by 677.8% during the 3rd quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock worth $31,000 after buying an additional 488 shares in the last quarter. CVA Family Office LLC raised its holdings in shares of Edison International by 113.7% in the third quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 307 shares in the last quarter. Laurel Wealth Advisors LLC lifted its stake in Edison International by 5,064.3% in the second quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 709 shares during the period. Quent Capital LLC bought a new position in Edison International during the 3rd quarter worth about $40,000. Finally, CoreFirst Bank & Trust bought a new position in Edison International during the 2nd quarter worth about $38,000. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Edison International Price Performance

Shares of EIX stock opened at $71.43 on Tuesday. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $71.61. The firm has a market capitalization of $27.49 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 1.05 and a beta of 0.82. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.76 and a current ratio of 0.82. The stock’s 50-day simple moving average is $61.45 and its 200-day simple moving average is $57.96.

Edison International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, January 31st. Shareholders of record on Wednesday, January 7th were paid a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Wednesday, January 7th. This is a positive change from Edison International’s previous quarterly dividend of $0.83. Edison International’s dividend payout ratio (DPR) is currently 45.88%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. LADENBURG THALM/SH SH boosted their price objective on shares of Edison International from $52.50 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Barclays cut their price target on Edison International from $68.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Zacks Research lowered Edison International from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a research report on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Edison International in a research note on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $64.10.

About Edison International

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.