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

Hantz Financial Services Inc. decreased its holdings in shares of Edison International (NYSE:EIX) by 5.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 59,482 shares of the utilities provider’s stock after selling 3,536 shares during the period. Hantz Financial Services Inc.’s holdings in Edison International were worth $5,180,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC acquired a new position in Edison International during the 3rd quarter worth approximately $26,000. Eastern Bank acquired a new position in Edison International during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC increased its position in 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 purchasing an additional 195 shares during the period. Prospera Private Wealth LLC acquired a new position in Edison International during the 3rd quarter worth approximately $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Edison International in the 2nd quarter worth approximately $27,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

EIX has been the topic of a number of research reports. Barclays upped their price target on Edison International from $89.00 to $91.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Royal Bank of Canada upped their price target on Edison International from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Argus upped their price target on Edison International from $82.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Jefferies Financial Group initiated coverage on Edison International in a report on Thursday, November 7th. They issued a “buy” rating and a $93.00 price target on the stock. Finally, Morgan Stanley lowered 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.75.

Edison International Price Performance

EIX stock opened at $87.75 on Friday. Edison International has a 1 year low of $63.15 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. The stock’s 50 day moving average price is $84.89 and its 200 day moving average price is $80.56. The firm has a market cap of $33.97 billion, a P/E ratio of 25.73, a PEG ratio of 2.11 and a beta of 0.92.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share for the quarter, topping 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 in the prior year, the company posted $1.38 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, sell-side analysts expect that Edison International will post 4.94 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, October 7th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date was Monday, October 7th. Edison International’s dividend payout ratio is presently 91.50%.

Insiders Place Their Bets

In other Edison International news, VP Adam S. Umanoff sold 25,619 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $83.05, for a total transaction of $2,127,657.95. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.03% of the company’s stock.

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.