Edison International (NYSE:EIX) Declares $0.88 Quarterly Dividend

Edison International (NYSE:EIX) declared a quarterly dividend on Wednesday, February 18th. Shareholders of record on Tuesday, April 7th will be given a dividend of 0.8775 per share by the utilities provider on Thursday, April 30th. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, April 7th.

Edison International has decreased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 23 consecutive years. Edison International has a dividend payout ratio of 57.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Edison International to earn $5.76 per share next year, which means the company should continue to be able to cover its $3.51 annual dividend with an expected future payout ratio of 60.9%.

Edison International Price Performance

Shares of NYSE:EIX traded up $2.11 on Thursday, reaching $71.81. The company’s stock had a trading volume of 465,431 shares, compared to its average volume of 3,171,523. The company has a 50-day simple moving average of $62.00 and a 200 day simple moving average of $58.17. Edison International has a 52-week low of $47.73 and a 52-week high of $72.68. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.76 and a current ratio of 0.82. The company has a market cap of $27.63 billion, a P/E ratio of 9.37, a PEG ratio of 1.05 and a beta of 0.82.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.40. Edison International had a return on equity of 13.62% and a net margin of 17.24%.The company had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the previous year, the business earned $1.05 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. As a group, equities research analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Edison International in a research note on Monday, December 29th. Barclays reissued an “overweight” rating and set a $78.00 target price on shares of Edison International in a research note on Thursday. UBS Group cut Edison International from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $70.00 to $78.00 in a research report on Friday, February 13th. Jefferies Financial Group dropped their price objective on shares of Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. Finally, Wells Fargo & Company cut Edison International from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $56.00 to $59.00 in a research note on Tuesday, January 20th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $66.50.

Edison International Company Profile

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.