Edison International (NYSE:EIX) Receives $72.64 Average PT from Analysts

Shares of Edison International (NYSE:EIX) have earned a consensus recommendation of “Hold” from the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $72.6364.

EIX has been the subject of a number of research analyst reports. Truist Financial cut their price target on shares of Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a report on Monday, May 18th. Wells Fargo & Company reissued an “underweight” rating and set a $62.00 price objective on shares of Edison International in a report on Tuesday, April 21st. Morgan Stanley reiterated an “underweight” rating on shares of Edison International in a research report on Wednesday, June 24th. JPMorgan Chase & Co. boosted their price target on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Finally, Bank of America dropped their price objective on Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Monday, April 20th.

Insider Activity

In related news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $75.30, for a total value of $37,650.00. Following the sale, the director directly owned 34,212 shares in the company, valued at $2,576,163.60. The trade was a 1.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EIX. Jones Financial Companies Lllp raised its stake in Edison International by 112.9% in the 1st quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock valued at $577,000 after purchasing an additional 5,190 shares during the last quarter. Empowered Funds LLC boosted its position in Edison International by 2.4% during the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after acquiring an additional 211 shares during the last quarter. Woodline Partners LP grew its stake in Edison International by 40.7% in the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock worth $1,927,000 after acquiring an additional 9,459 shares during the period. Sivia Capital Partners LLC grew its stake in Edison International by 153.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock worth $451,000 after acquiring an additional 5,290 shares during the period. Finally, Baird Financial Group Inc. acquired a new position in Edison International in the 2nd quarter valued at $302,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Stock Down 0.0%

Edison International stock opened at $75.63 on Friday. The stock’s 50 day moving average price is $71.28 and its 200 day moving average price is $68.59. Edison International has a 1-year low of $49.14 and a 1-year high of $76.21. The company has a market cap of $29.10 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 1.31 and a beta of 0.66. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68.

Edison International (NYSE:EIX) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.10. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.Edison International’s revenue was up 7.7% compared to the same quarter last year. During the same quarter 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. On average, sell-side analysts predict that Edison International will post 6.12 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th will be given a $0.8775 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.6%. Edison International’s dividend payout ratio (DPR) is currently 38.11%.

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.