Edison International $EIX Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. trimmed its holdings in shares of Edison International (NYSE:EIXFree Report) by 90.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,600 shares of the utilities provider’s stock after selling 34,617 shares during the period. Hantz Financial Services Inc.’s holdings in Edison International were worth $216,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EIX. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Edison International by 169.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,843 shares of the utilities provider’s stock valued at $6,901,000 after purchasing an additional 78,531 shares during the period. Versor Investments LP lifted its stake in shares of Edison International by 55.0% in the 3rd quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock valued at $2,865,000 after purchasing an additional 18,381 shares during the period. Gradient Investments LLC lifted its stake in shares of Edison International by 949.8% in the 4th quarter. Gradient Investments LLC now owns 263,056 shares of the utilities provider’s stock valued at $15,789,000 after purchasing an additional 237,999 shares during the period. Convergence Investment Partners LLC lifted its stake in shares of Edison International by 67.6% in the 3rd quarter. Convergence Investment Partners LLC now owns 27,017 shares of the utilities provider’s stock valued at $1,494,000 after purchasing an additional 10,901 shares during the period. Finally, Krilogy Financial LLC lifted its stake in shares of Edison International by 141.8% in the 3rd quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock valued at $1,705,000 after purchasing an additional 17,616 shares during the period. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Stock Performance

NYSE:EIX opened at $69.98 on Friday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. The company has a fifty day moving average of $70.95 and a two-hundred day moving average of $66.03. The stock has a market capitalization of $26.93 billion, a PE ratio of 7.60, a P/E/G ratio of 1.21 and a beta of 0.68. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $76.21.

Edison International (NYSE:EIXGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, research analysts forecast that Edison International will post 6.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on EIX. Morgan Stanley decreased their target price on shares of Edison International from $71.00 to $70.00 and set an “underweight” rating for the company in a research note on Tuesday, April 21st. Seaport Research Partners cut shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. TD Cowen boosted their target price on shares of Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Wells Fargo & Company reiterated an “underweight” rating and issued a $62.00 target price on shares of Edison International in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Edison International presently has an average rating of “Hold” and a consensus target price of $72.64.

Check Out Our Latest Analysis on Edison International

Insiders Place Their Bets

In other Edison International news, Director Peter J. Taylor sold 500 shares of the company’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of $75.30, for a total transaction of $37,650.00. Following the completion of the transaction, the director directly owned 34,212 shares in the company, valued at approximately $2,576,163.60. This represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.

Edison International Profile

(Free Report)

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.

Further Reading

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

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