Entropy Technologies LP Acquires 25,889 Shares of Edison International (NYSE:EIX)

Entropy Technologies LP lifted its position in shares of Edison International (NYSE:EIX) by 69.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,916 shares of the utilities provider’s stock after acquiring an additional 25,889 shares during the quarter. Entropy Technologies LP’s holdings in Edison International were worth $5,023,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Crews Bank & Trust bought a new stake in shares of Edison International in the fourth quarter worth about $25,000. Highline Wealth Partners LLC bought a new position in Edison International in the third quarter valued at approximately $26,000. Groupama Asset Managment grew its stake in Edison International by 0.8% in the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 237 shares in the last quarter. Eastern Bank bought a new position in Edison International in the third quarter valued at approximately $27,000. Finally, Larson Financial Group LLC lifted its position in shares of Edison International by 125.0% in the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock valued at $31,000 after buying an additional 195 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Down 2.3 %

NYSE EIX opened at $49.99 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. Edison International has a 1 year low of $49.92 and a 1 year high of $88.77. The business’s 50-day moving average is $70.50 and its 200 day moving average is $79.43. The stock has a market capitalization of $19.36 billion, a PE ratio of 14.66, a PEG ratio of 1.05 and a beta of 0.90.

Edison International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 7th were issued a $0.8275 dividend. The ex-dividend date was Tuesday, January 7th. This is a positive change from Edison International’s previous quarterly dividend of $0.78. This represents a $3.31 annualized dividend and a yield of 6.62%. Edison International’s dividend payout ratio (DPR) is 97.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. UBS Group lowered their price objective on Edison International from $87.00 to $69.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays cut their target price on Edison International from $76.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Jefferies Financial Group initiated coverage on Edison International in a research note on Thursday, November 7th. They issued a “buy” rating and a $93.00 price objective on the stock. Wells Fargo & Company upped their price target on Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Guggenheim lowered Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Edison International currently has a consensus rating of “Moderate Buy” and an average target price of $82.88.

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.