Hudson Bay Capital Management LP Lowers Stake in Edison International (NYSE:EIX)

Hudson Bay Capital Management LP trimmed its stake in Edison International (NYSE:EIX - Free Report) by 14.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 134,947 shares of the utilities provider's stock after selling 22,553 shares during the period. Hudson Bay Capital Management LP's holdings in Edison International were worth $10,774,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in EIX. Crews Bank & Trust acquired a new position in Edison International during the fourth quarter worth $25,000. Sierra Ocean LLC acquired a new position in Edison International during the 4th quarter worth about $33,000. ST Germain D J Co. Inc. boosted its holdings in Edison International by 88.1% during the 4th quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 200 shares during the period. Raleigh Capital Management Inc. boosted its holdings in Edison International by 285.3% during the 4th quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 311 shares during the period. Finally, Bellwether Advisors LLC acquired a new position in Edison International in the 4th quarter valued at about $34,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Stock Up 2.2%

Shares of NYSE:EIX traded up $1.22 during trading on Thursday, hitting $57.60. 2,068,966 shares of the company were exchanged, compared to its average volume of 3,019,184. The firm's 50 day moving average price is $56.75 and its 200-day moving average price is $65.67. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. 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 capitalization of $22.16 billion, a P/E ratio of 16.89, a PEG ratio of 1.07 and a beta of 0.77.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.16. The firm had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $4.29 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. Edison International's quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.13 earnings per share. On average, research analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 7th were paid a dividend of $0.8275 per share. The ex-dividend date of this dividend was Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a yield of 5.75%. Edison International's dividend payout ratio is presently 46.95%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EIX. Morgan Stanley reissued an "overweight" rating on shares of Edison International in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. restated a "neutral" rating and issued a $72.00 price target on shares of Edison International in a research note on Wednesday, February 12th. UBS Group upgraded Edison International from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $69.00 to $65.00 in a research note on Tuesday, February 18th. LADENBURG THALM/SH SH raised Edison International from a "sell" rating to a "neutral" rating and set a $56.50 target price for the company in a research note on Wednesday, January 15th. Finally, Guggenheim downgraded Edison International from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $76.96.

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.