Edison International (NYSE:EIX) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its stake in shares of Edison International (NYSE:EIX - Free Report) by 11.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 52,779 shares of the utilities provider's stock after selling 6,703 shares during the period. Hantz Financial Services Inc.'s holdings in Edison International were worth $4,214,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Forsta AP Fonden boosted its position in Edison International by 2.9% during the fourth quarter. Forsta AP Fonden now owns 168,000 shares of the utilities provider's stock worth $13,413,000 after acquiring an additional 4,700 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Edison International by 11.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 873,075 shares of the utilities provider's stock valued at $69,706,000 after purchasing an additional 91,339 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Edison International by 6.8% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 11,389 shares of the utilities provider's stock valued at $909,000 after purchasing an additional 724 shares during the last quarter. KBC Group NV lifted its position in Edison International by 23.7% during the fourth quarter. KBC Group NV now owns 61,342 shares of the utilities provider's stock worth $4,898,000 after buying an additional 11,764 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Edison International by 28.8% during the fourth quarter. Blue Trust Inc. now owns 3,175 shares of the utilities provider's stock worth $277,000 after buying an additional 710 shares during the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Stock Down 1.7 %

Shares of Edison International stock traded down $0.92 during trading hours on Thursday, reaching $54.88. 1,997,023 shares of the company were exchanged, compared to its average volume of 6,800,086. The firm has a market cap of $21.25 billion, a PE ratio of 16.08, a PEG ratio of 1.20 and a beta of 0.93. The stock's fifty day moving average is $75.46 and its 200 day moving average is $80.56. Edison International has a 1 year low of $54.78 and a 1 year high of $88.77. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88.

Edison International (NYSE:EIX - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.13. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter last year, the company earned $1.38 EPS. Edison International's revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, equities research analysts forecast that Edison International will post 4.94 earnings per share for the current year.

Edison International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th will be issued a $0.8275 dividend. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.03%. This is an increase from Edison International's previous quarterly dividend of $0.78. Edison International's dividend payout ratio is presently 97.07%.

Analyst Ratings Changes

EIX has been the topic of several analyst reports. Morgan Stanley reduced their price target on Edison International from $74.00 to $72.00 and set an "underweight" rating on the stock in a report on Friday, November 22nd. Jefferies Financial Group initiated coverage on shares of Edison International in a report on Thursday, November 7th. They issued a "buy" rating and a $93.00 target price on the stock. Wells Fargo & Company lifted their price target on shares of Edison International from $87.00 to $94.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Barclays cut their target price on Edison International from $76.00 to $67.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH raised shares of Edison International from a "sell" rating to a "neutral" rating and set a $56.50 target price on the stock in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $82.88.

Edison International Company 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.