18,900 Shares in Edison International (NYSE:EIX) Acquired by Baillie Gifford & Co.

Baillie Gifford & Co. acquired a new stake in Edison International (NYSE:EIX - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 18,900 shares of the utilities provider's stock, valued at approximately $1,509,000.

A number of other institutional investors have also recently modified their holdings of the stock. Crews Bank & Trust acquired a new position in Edison International in the fourth quarter valued at about $25,000. Highline Wealth Partners LLC bought a new position in Edison International in the 3rd quarter valued at about $26,000. Groupama Asset Managment raised its position in shares of Edison International by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider's stock valued at $26,000 after buying an additional 237 shares in the last quarter. Eastern Bank bought a new stake in shares of Edison International during the 3rd quarter worth approximately $27,000. Finally, Larson Financial Group LLC boosted its position in shares of 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 acquiring an additional 195 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors.

Edison International Trading Up 0.4 %

NYSE EIX traded up $0.20 during trading hours on Friday, reaching $52.10. The company's stock had a trading volume of 6,203,553 shares, compared to its average volume of 6,443,842. The firm has a fifty day simple moving average of $64.67 and a 200-day simple moving average of $77.72. 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 52 week low of $49.06 and a 52 week high of $88.77. The stock has a market cap of $20.17 billion, a P/E ratio of 15.28, a P/E/G ratio of 1.08 and a beta of 0.90.

Edison International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th were paid a dividend of $0.8275 per share. The ex-dividend date was Tuesday, January 7th. This represents a $3.31 annualized dividend and a dividend yield of 6.35%. This is an increase from Edison International's previous quarterly dividend of $0.78. Edison International's dividend payout ratio (DPR) is presently 97.07%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EIX shares. JPMorgan Chase & Co. restated a "neutral" rating and set a $72.00 price objective on shares of Edison International in a research report on Wednesday, February 12th. Barclays lowered their price target on Edison International from $76.00 to $67.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. LADENBURG THALM/SH SH raised 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. Jefferies Financial Group initiated coverage on Edison International in a research note on Thursday, November 7th. They set a "buy" rating and a $93.00 target price for the company. Finally, Guggenheim cut shares of 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 nine have issued a buy rating to the company. According to MarketBeat, Edison International presently has an average rating of "Moderate Buy" and a consensus price target of $80.11.

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.