Wellington Shields & Co. LLC Buys New Stake in Edison International $EIX

Group 1: Institutional Investment Activity - Jones Financial Companies Lllp increased its stake in Edison International by 112.9%, now owning 9,785 shares valued at $577,000 after acquiring an additional 5,190 shares [1] - Empowered Funds LLC raised its stake by 2.4%, owning 8,875 shares worth $523,000 after acquiring 211 shares [1] - Woodline Partners LP boosted its holdings by 40.7%, now owning 32,709 shares valued at $1,927,000 after purchasing 9,459 shares [1] - Sivia Capital Partners LLC grew its stake by 153.6%, now owning 8,734 shares worth $451,000 after acquiring 5,290 shares [1] - Truist Financial Corp increased its stake by 4.5%, owning 35,252 shares valued at $1,819,000 after purchasing 1,521 shares [1] - 88.95% of Edison International's stock is currently owned by hedge funds and institutional investors [1] Group 2: Analyst Ratings and Price Targets - Wall Street Zen upgraded Edison International from "hold" to "buy" on January 15 [2] - Jefferies Financial Group lowered its price target from $59.00 to $54.00, maintaining a "hold" rating [2] - LADENBURG THALM/SH SH raised the target price from $52.50 to $55.00, giving a "neutral" rating [2] - UBS Group reaffirmed a "buy" rating on January 16 [2] - TD Cowen initiated coverage with a "buy" rating and a target price of $71.00 [2] - Consensus rating is "Hold" with a target price of $63.30 according to MarketBeat [2] Group 3: Stock Performance and Financial Metrics - Edison International's stock opened at $64.06, with a 50-day moving average of $60.17 and a 200-day moving average of $57.22 [3] - The company has a market capitalization of $24.65 billion, a price-to-earnings ratio of 8.37, and a PEG ratio of 0.93 [3] - The stock has a 52-week low of $47.73 and a high of $64.68 [3] Group 4: Dividend Information - Edison International recently increased its quarterly dividend to $0.8775 from $0.83, representing an annualized dividend of $3.51 and a yield of 5.5% [4] - The payout ratio stands at 45.88% [4] Group 5: Company Overview - Edison International is a publicly traded utility holding company based in Rosemead, California, primarily operating through its subsidiary Southern California Edison [5] - The company focuses on reliable energy delivery, customer service, regulatory compliance, and long-term infrastructure planning [5]