Edison International (NYSE:EIX) Reaches New 12-Month High – Here’s Why

Edison International (NYSE:EIX) shares hit a new 52-week high on Monday . The stock traded as high as $73.95 and last traded at $74.2320, with a volume of 508 shares. The stock had previously closed at $73.74.

Wall Street Analysts Forecast Growth

EIX has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research report on Monday, December 29th. LADENBURG THALM/SH SH upped their price target on Edison International from $52.50 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. TD Cowen lifted their price objective on Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company downgraded Edison International from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $56.00 to $59.00 in a research report on Tuesday, January 20th. Finally, Wall Street Zen lowered shares of Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $67.70.

Edison International Trading Up 0.0%

The firm has a market capitalization of $28.38 billion, a price-to-earnings ratio of 6.39, a PEG ratio of 1.19 and a beta of 0.82. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.68 and a current ratio of 0.73. The company has a 50-day moving average price of $62.60 and a 200-day moving average price of $58.45.

Edison International (NYSE:EIX) last posted its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.40. The firm had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Edison International had a return on equity of 14.87% and a net margin of 24.34%.During the same quarter in the previous year, the business earned $1.05 earnings per share. 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, research analysts forecast that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be given a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, April 7th. Edison International’s dividend payout ratio (DPR) is 30.36%.

Hedge Funds Weigh In On Edison International

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Edison International by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 52,220,399 shares of the utilities provider’s stock worth $3,134,268,000 after purchasing an additional 480,726 shares during the period. State Street Corp raised its holdings in shares of Edison International by 3.0% in the fourth quarter. State Street Corp now owns 33,141,204 shares of the utilities provider’s stock valued at $1,989,135,000 after buying an additional 953,800 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Edison International by 69.9% in the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after buying an additional 7,521,168 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Edison International by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock worth $803,407,000 after buying an additional 386,905 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Edison International by 10.8% during the second quarter. Invesco Ltd. now owns 6,392,459 shares of the utilities provider’s stock worth $329,851,000 after buying an additional 621,924 shares during the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

About Edison International

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.