Aperio Group LLC cut its holdings in shares of Edison International (NYSE:EIX) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 147,709 shares of the utilities provider’s stock after selling 1,912 shares during the period. Aperio Group LLC’s holdings in Edison International were worth $9,341,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Amica Retiree Medical Trust bought a new stake in shares of Edison International during the third quarter worth about $138,000. Cerebellum GP LLC bought a new stake in shares of Edison International during the fourth quarter worth about $116,000. First Command Financial Services Inc. bought a new stake in shares of Edison International during the fourth quarter worth about $154,000. OxFORD Asset Management LLP bought a new stake in shares of Edison International during the second quarter worth about $204,000. Finally, TCI Wealth Advisors Inc. increased its position in shares of Edison International by 139.7% during the third quarter. TCI Wealth Advisors Inc. now owns 2,630 shares of the utilities provider’s stock worth $203,000 after acquiring an additional 1,533 shares in the last quarter. 80.09% of the stock is owned by institutional investors.
In other Edison International news, insider Ronald L. Litzinger sold 224,718 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $82.00, for a total value of $18,426,876.00. Following the completion of the sale, the insider now directly owns 14,121 shares of the company’s stock, valued at approximately $1,157,922. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.41% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th were given a $0.605 dividend. This represents a $2.42 dividend on an annualized basis and a yield of 4.11%. This is an increase from Edison International’s previous quarterly dividend of $0.54. The ex-dividend date was Thursday, December 28th. Edison International’s dividend payout ratio is presently 55.25%.
Several equities research analysts have recently commented on the stock. UBS Group assumed coverage on shares of Edison International in a research report on Friday, February 2nd. They set a “neutral” rating and a $67.00 target price for the company. ValuEngine downgraded shares of Edison International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Citigroup reissued a “hold” rating and set a $66.00 target price on shares of Edison International in a research report on Monday, January 22nd. Zacks Investment Research raised shares of Edison International from a “sell” rating to a “hold” rating in a research report on Friday, January 19th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Edison International in a research report on Friday, January 12th. They set a “neutral” rating and a $67.00 target price for the company. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $78.57.
About Edison International
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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