Barings LLC Purchases 9,700 Shares of Edison International (EIX)

Barings LLC boosted its stake in shares of Edison International (NYSE:EIX) by 47.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,240 shares of the utilities provider’s stock after purchasing an additional 9,700 shares during the quarter. Barings LLC’s holdings in Edison International were worth $1,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Capital International Investors bought a new stake in Edison International during the third quarter valued at about $95,783,000. Steward Partners Investment Advisory LLC bought a new stake in Edison International during the third quarter valued at about $557,000. Magnetar Financial LLC bought a new stake in Edison International during the third quarter valued at about $256,000. Wells Fargo & Company MN boosted its position in Edison International by 30.3% during the third quarter. Wells Fargo & Company MN now owns 2,572,937 shares of the utilities provider’s stock valued at $198,553,000 after purchasing an additional 598,402 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Edison International by 68.7% during the third quarter. Teacher Retirement System of Texas now owns 185,333 shares of the utilities provider’s stock valued at $14,302,000 after purchasing an additional 75,473 shares in the last quarter. 79.43% of the stock is currently owned by institutional investors.

Shares of Edison International (NYSE:EIX) opened at $61.05 on Monday. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 0.80. Edison International has a 12 month low of $57.63 and a 12 month high of $83.38. The company has a market capitalization of $19,890.00, a PE ratio of 13.94, a price-to-earnings-growth ratio of 2.25 and a beta of 0.17.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th were paid a $0.605 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This is a boost from Edison International’s previous quarterly dividend of $0.54. This represents a $2.42 dividend on an annualized basis and a yield of 3.96%. Edison International’s dividend payout ratio (DPR) is 55.25%.

A number of equities research analysts recently weighed in on the company. Morgan Stanley dropped their price objective on Edison International from $76.00 to $71.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 13th. SunTrust Banks set a $71.00 price objective on Edison International and gave the company a “buy” rating in a research report on Monday, February 12th. UBS Group assumed coverage on Edison International in a research report on Friday, February 2nd. They set a “neutral” rating and a $67.00 price objective on the stock. ValuEngine downgraded Edison International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Bank of America reaffirmed a “buy” rating and set a $86.00 price objective on shares of Edison International in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. Edison International has an average rating of “Hold” and an average price target of $77.21.

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About Edison International

Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.

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Institutional Ownership by Quarter for Edison International (NYSE:EIX)

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