Boston Partners boosted its position in shares of Edison International (NYSE:EIX) by 16.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,358,938 shares of the utilities provider’s stock after buying an additional 741,916 shares during the quarter. Boston Partners’ holdings in Edison International were worth $304,227,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in EIX. Enlightenment Research LLC acquired a new stake in shares of Edison International during the 4th quarter worth about $28,000. Essex Investment Management Co. LLC acquired a new position in Edison International during the fourth quarter worth $28,000. Oregon Public Employees Retirement Fund raised its holdings in Edison International by 5,560.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,016,016 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 1,980,403 shares during the last quarter. Clarus Wealth Advisors raised its holdings in Edison International by 90.4% during the fourth quarter. Clarus Wealth Advisors now owns 638 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 303 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in Edison International during the fourth quarter worth $80,000. Institutional investors and hedge funds own 83.86% of the company’s stock.
EIX has been the subject of several research reports. Zacks Investment Research reaffirmed a “buy” rating and set a $76.00 price objective on shares of Edison International in a report on Tuesday, November 13th. Citigroup upgraded Edison International from a “neutral” rating to a “buy” rating and cut their price target for the stock from $72.00 to $59.00 in a research note on Friday, November 16th. SunTrust Banks cut their price target on Edison International to $75.00 and set a “buy” rating on the stock in a research note on Thursday, November 15th. Mizuho upgraded Edison International from a “neutral” rating to a “buy” rating and cut their price objective for the company from $62.00 to $57.50 in a research note on Wednesday, November 21st. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Edison International in a research report on Monday, December 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $68.04.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Investors of record on Monday, December 31st were issued a $0.6125 dividend. This represents a $2.45 dividend on an annualized basis and a yield of 4.05%. This is a positive change from Edison International’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, December 28th. Edison International’s dividend payout ratio is 54.44%.
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Edison International Profile
Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.
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