Swiss National Bank Buys 72,600 Shares of Edison International (EIX)
Swiss National Bank increased its stake in Edison International (NYSE:EIX) by 5.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,401,264 shares of the utilities provider’s stock after buying an additional 72,600 shares during the period. Swiss National Bank’s holdings in Edison International were worth $88,616,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in Edison International by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 589,722 shares of the utilities provider’s stock valued at $46,110,000 after acquiring an additional 5,216 shares in the last quarter. OxFORD Asset Management LLP bought a new position in Edison International in the 2nd quarter valued at approximately $204,000. Shelton Capital Management bought a new position in Edison International in the 2nd quarter valued at approximately $206,000. Raymond James Financial Services Advisors Inc. lifted its position in Edison International by 26.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 28,748 shares of the utilities provider’s stock valued at $2,248,000 after acquiring an additional 6,084 shares in the last quarter. Finally, Cetera Investment Advisers bought a new position in Edison International in the 2nd quarter valued at approximately $425,000. Institutional investors own 79.43% of the company’s stock.
Several equities analysts recently issued reports on the company. Morgan Stanley lowered their price objective on Edison International from $76.00 to $71.00 and set an “equal weight” rating on the stock in a research report on Tuesday. SunTrust Banks set a $71.00 price objective on Edison International and gave the company a “buy” rating in a research report on Monday. ValuEngine cut Edison International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. UBS Group assumed coverage on Edison International in a research report on Friday, February 2nd. They issued a “neutral” rating and a $67.00 price objective on the stock. Finally, Citigroup upped their price objective on Edison International from $84.00 to $87.00 and gave the company a “neutral” rating in a research report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $77.21.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th were issued a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a dividend yield of 4.02%. This is a boost from Edison International’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, December 28th. Edison International’s dividend payout ratio is presently 54.63%.
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Edison International Company Profile
Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.
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