Mirae Asset Global Investments Co. Ltd. Purchases 78,531 Shares of Edison International $EIX

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Edison International (NYSE:EIX) by 169.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,843 shares of the utilities provider’s stock after buying an additional 78,531 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Edison International were worth $6,901,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. CVA Family Office LLC boosted its position in shares of Edison International by 113.7% during the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 307 shares during the last quarter. Laurel Wealth Advisors LLC raised its stake in Edison International by 5,064.3% during the second quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 709 shares in the last quarter. Quent Capital LLC bought a new position in Edison International during the third quarter valued at $40,000. CoreFirst Bank & Trust purchased a new position in shares of Edison International in the 2nd quarter worth $38,000. Finally, Hilltop National Bank bought a new stake in shares of Edison International in the 2nd quarter worth about $44,000. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

EIX stock opened at $62.23 on Friday. The firm has a market cap of $23.95 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 0.91 and a beta of 0.83. Edison International has a twelve month low of $47.73 and a twelve month high of $63.19. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 1.95. The business’s fifty day simple moving average is $59.81 and its two-hundred day simple moving average is $56.85.

Edison International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Shareholders of record on Wednesday, January 7th were given a $0.8775 dividend. This is a positive change from Edison International’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Wednesday, January 7th. This represents a $3.51 annualized dividend and a yield of 5.6%. Edison International’s dividend payout ratio is presently 45.88%.

Analyst Ratings Changes

A number of research analysts recently commented on EIX shares. LADENBURG THALM/SH SH increased their price target on shares of Edison International from $52.50 to $55.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Wall Street Zen raised Edison International from a “hold” rating to a “buy” rating in a research note on Thursday, January 15th. Jefferies Financial Group cut their target price on Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday. TD Cowen began coverage on Edison International in a report on Thursday, October 16th. They set a “buy” rating and a $71.00 price target on the stock. Finally, UBS Group restated a “buy” rating on shares of Edison International in a research report on Friday, January 16th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $63.30.

About Edison International

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.