Lynx Investment Advisory Invests $512,000 in Edison International $EIX

Lynx Investment Advisory bought a new stake in shares of Edison International (NYSE:EIX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,255 shares of the utilities provider’s stock, valued at approximately $512,000.

Several other large investors also recently made changes to their positions in the business. Jones Financial Companies Lllp increased its holdings in shares of Edison International by 112.9% in the first quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock valued at $577,000 after buying an additional 5,190 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Edison International by 2.4% during the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after purchasing an additional 211 shares during the last quarter. Woodline Partners LP increased its stake in Edison International by 40.7% in the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock worth $1,927,000 after purchasing an additional 9,459 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Edison International by 153.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock worth $451,000 after buying an additional 5,290 shares during the period. Finally, Vontobel Holding Ltd. lifted its stake in Edison International by 6.8% during the second quarter. Vontobel Holding Ltd. now owns 4,889 shares of the utilities provider’s stock valued at $252,000 after buying an additional 310 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Up 2.6%

Shares of Edison International stock opened at $67.19 on Thursday. Edison International has a 12-month low of $47.73 and a 12-month high of $67.21. The stock has a 50 day moving average price of $60.65 and a two-hundred day moving average price of $57.53. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $25.85 billion, a P/E ratio of 8.78, a PEG ratio of 0.96 and a beta of 0.82.

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 given a $0.8775 dividend. The ex-dividend date was Wednesday, January 7th. This represents a $3.51 annualized dividend and a yield of 5.2%. This is a positive change from Edison International’s previous quarterly dividend of $0.83. Edison International’s dividend payout ratio (DPR) is 45.88%.

Analyst Upgrades and Downgrades

EIX has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered shares of Edison International from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $56.00 to $59.00 in a report on Tuesday, January 20th. Barclays decreased their target price on Edison International from $68.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. UBS Group restated a “buy” rating on shares of Edison International in a research report on Friday, January 16th. LADENBURG THALM/SH SH increased their price target on shares of Edison International from $52.50 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Edison International in a research note on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Edison International currently has a consensus rating of “Hold” and an average price target of $63.30.

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.