Jamison Private Wealth Management Inc. Acquires 174 Shares of Edison International (NYSE:EIX)

Jamison Private Wealth Management Inc. boosted its holdings in shares of Edison International (NYSE:EIX) by 2.6% during the fourth quarter, HoldingsChannel reports. The fund owned 6,887 shares of the utilities provider’s stock after purchasing an additional 174 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Edison International were worth $550,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Lake Street Advisors Group LLC grew its stake in shares of Edison International by 4.3% in the third quarter. Lake Street Advisors Group LLC now owns 3,015 shares of the utilities provider’s stock worth $263,000 after purchasing an additional 124 shares during the last quarter. Baker Tilly Wealth Management LLC grew its position in shares of Edison International by 2.8% in the 3rd 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 increased its stake in shares of Edison International by 0.3% in 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 period. Assetmark Inc. raised 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 worth $55,000 after acquiring an additional 157 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in shares of Edison International by 2.1% in the third quarter. Dynamic Advisor Solutions LLC now owns 7,697 shares of the utilities provider’s stock worth $670,000 after acquiring an additional 159 shares during the period. Institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on EIX shares. Royal Bank of Canada increased their target price on shares of Edison International from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. UBS Group lowered their target price on shares of Edison International from $87.00 to $69.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company upped their price target 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. Morgan Stanley lowered their price objective 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. Finally, LADENBURG THALM/SH SH raised Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price for the company in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Edison International presently has an average rating of “Moderate Buy” and a consensus price target of $82.88.

Insiders Place Their Bets

In other Edison International news, VP Adam S. Umanoff sold 25,619 shares of Edison International stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $83.05, for a total transaction of $2,127,657.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.03% of the company’s stock.

Edison International Price Performance

Shares of NYSE:EIX opened at $58.71 on Friday. Edison International has a twelve month low of $55.27 and a twelve month high of $88.77. The stock’s 50 day moving average is $77.19 and its 200-day moving average is $80.86. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $22.73 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.20 and a beta of 0.93.

Edison International (NYSE:EIX) last released its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.13. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.01 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $1.38 earnings per share. Sell-side analysts forecast that Edison International will post 4.94 EPS for the current fiscal year.

Edison International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 7th will be given a $0.8275 dividend. 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 5.64%. The ex-dividend date of this dividend is Tuesday, January 7th. Edison International’s dividend payout ratio is presently 97.07%.

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.