Edison International (EIX) Position Raised by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board boosted its position in Edison International (NYSE:EIX) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,302 shares of the utilities provider’s stock after purchasing an additional 1,000 shares during the period. New Mexico Educational Retirement Board’s holdings in Edison International were worth $1,980,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in EIX. Dimensional Fund Advisors LP lifted its position in Edison International by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 589,722 shares of the utilities provider’s stock valued at $46,110,000 after purchasing an additional 5,216 shares during the period. OxFORD Asset Management LLP acquired a new stake in Edison International in the second quarter valued at about $204,000. Intl Fcstone Inc. acquired a new stake in Edison International in the second quarter valued at about $625,000. Eqis Capital Management Inc. lifted its position in Edison International by 9.2% in the third quarter. Eqis Capital Management Inc. now owns 8,290 shares of the utilities provider’s stock valued at $640,000 after purchasing an additional 698 shares during the period. Finally, PGGM Investments lifted its position in Edison International by 2.1% in the third quarter. PGGM Investments now owns 663,202 shares of the utilities provider’s stock valued at $51,179,000 after purchasing an additional 13,851 shares during the period. Hedge funds and other institutional investors own 79.43% of the company’s stock.

Shares of Edison International (NYSE:EIX) opened at $61.05 on Friday. Edison International has a 12-month low of $57.63 and a 12-month high of $83.38. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.51. The stock has a market cap of $19,890.76, a P/E ratio of 13.91, a PEG ratio of 2.25 and a beta of 0.17.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th were given a dividend of $0.605 per share. This represents a $2.42 dividend on an annualized basis and a dividend yield of 3.96%. This is an increase 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 (DPR) is presently 54.63%.

EIX has been the subject of a number of recent analyst reports. Bank of America restated a “buy” rating and issued a $86.00 price objective on shares of Edison International in a research report on Tuesday, October 24th. SunTrust Banks restated a “buy” rating and issued a $89.00 price objective on shares of Edison International in a research report on Monday, October 30th. ValuEngine upgraded shares of Edison International from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Mizuho downgraded shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 6th. Finally, Deutsche Bank reduced their price target on shares of Edison International to $78.00 and set a “hold” rating for the company in a research report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. Edison International currently has a consensus rating of “Hold” and a consensus price target of $77.21.

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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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Institutional Ownership by Quarter for Edison International (NYSE:EIX)

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