Hantz Financial Services Inc. Sells 6,703 Shares of Edison International (NYSE:EIX)

Hantz Financial Services Inc. decreased its stake in shares of Edison International (NYSE:EIX) by 11.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EIX. Highline Wealth Partners LLC bought a new position in Edison International during the third quarter valued at approximately $26,000. Groupama Asset Managment lifted its position in Edison International by 0.8% during the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 237 shares during the period. Eastern Bank bought a new position in Edison International during the third quarter valued at approximately $27,000. Larson Financial Group LLC lifted its position in Edison International by 125.0% during the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 195 shares during the period. Finally, Prospera Private Wealth LLC bought a new position in Edison International during the third quarter valued at approximately $32,000. Institutional investors own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EIX. Morgan Stanley decreased their price target on shares of Edison International from $74.00 to $72.00 and set an “underweight” rating on the stock in a research report on Friday, November 22nd. UBS Group decreased their price target on shares of Edison International from $87.00 to $69.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company increased their price target on shares of Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target on the stock in a research report on Wednesday, January 15th. Finally, Barclays decreased their price target on shares of Edison International from $76.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.88.

Edison International Stock Performance

Shares of NYSE EIX opened at $55.79 on Thursday. The firm has a fifty day moving average price of $76.07 and a 200-day moving average price of $80.73. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The stock has a market cap of $21.60 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 1.20 and a beta of 0.93. Edison International has a 1 year low of $55.27 and a 1 year high of $88.77.

Edison International (NYSE:EIX) last posted its earnings results on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.13. The company had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.01 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. Edison International’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the company posted $1.38 earnings per share. Equities analysts anticipate that Edison International will post 4.94 earnings per share for the current fiscal year.

Edison International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 7th will be paid a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 5.93%. This is a boost from Edison International’s previous quarterly dividend of $0.78. The ex-dividend date is Tuesday, January 7th. Edison International’s dividend payout ratio (DPR) is presently 97.07%.

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.