Cozad Asset Management Inc. Buys 680 Shares of Edison International (NYSE:EIX)

Cozad Asset Management Inc. boosted its stake in Edison International (NYSE:EIX) by 26.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,205 shares of the utilities provider’s stock after acquiring an additional 680 shares during the quarter. Cozad Asset Management Inc.’s holdings in Edison International were worth $256,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EIX. Crews Bank & Trust bought a new stake in Edison International during the 4th quarter worth about $25,000. Groupama Asset Managment lifted its position in Edison International by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock worth $26,000 after buying an additional 237 shares in the last quarter. Larson Financial Group LLC lifted its position in Edison International by 125.0% during the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after buying an additional 195 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in Edison International during the 3rd quarter worth about $32,000. Finally, Sierra Ocean LLC bought a new stake in Edison International during the 4th quarter worth about $33,000. 88.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EIX has been the topic of several analyst reports. Barclays cut their price target on shares of Edison International from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company lowered their price objective on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. The Goldman Sachs Group lowered their price objective on shares of Edison International from $88.00 to $68.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Finally, Guggenheim lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $76.54.

Edison International Stock Performance

Shares of EIX stock opened at $58.74 on Wednesday. The firm has a market cap of $22.61 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 1.07 and a beta of 0.87. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. Edison International has a 52 week low of $49.06 and a 52 week high of $88.77. The firm’s 50-day simple moving average is $55.80 and its two-hundred day simple moving average is $74.01.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.03). The company had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $3.92 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. As a group, equities analysts forecast that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be given a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 5.64%. The ex-dividend date is Monday, April 7th. Edison International’s dividend payout ratio (DPR) is currently 100.30%.

About Edison International

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.