Edison International (NYSE:EIX) Receives Consensus Rating of "Reduce" from Brokerages

Key Points

• Edison International received a consensus “Reduce” rating from 14 analysts: three sell ratings, nine holds and two buys. The average 12-month price target is $64.55.
• Several major brokerages recently lowered their price targets, including Bank of America, UBS, Truist Financial, Morgan Stanley and Barclays. The stock opened at $56.68, near its 12-month low of $52.00 and well below its 50- and 200-day moving averages around $71.
• The company exceeded quarterly EPS expectations, reporting $1.54 versus the $1.18 consensus, but revenue fell 4.1% year over year to $4.36 billion. Edison also maintains a quarterly dividend of $0.8775 per share, implying a 6.2% annualized yield.

Edison International (NYSE:EIX - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the fourteen research firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $64.5455.

EIX has been the topic of a number of recent analyst reports. Barclays restated an "equal weight" rating and issued a $75.00 price target (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Morgan Stanley cut their price target on shares of Edison International from $69.00 to $65.00 and set an "underweight" rating on the stock in a research report on Friday, August 21st. UBS Group decreased their price target on Edison International from $75.00 to $63.00 and set a "neutral" rating for the company in a report on Tuesday, September 1st. Truist Financial dropped their price objective on Edison International from $77.00 to $63.00 and set a "hold" rating on the stock in a research note on Thursday, September 3rd. Finally, Bank of America cut Edison International from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $81.00 to $51.00 in a research note on Tuesday, September 1st.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of EIX. Sequoia Financial Advisors LLC boosted its stake in Edison International by 36.3% during the second quarter. Sequoia Financial Advisors LLC now owns 41,760 shares of the utilities provider's stock worth $3,109,000 after acquiring an additional 11,131 shares in the last quarter. IPG Investment Advisors LLC acquired a new position in shares of Edison International during the second quarter valued at about $1,866,000. Cidel Asset Management Inc. raised its holdings in shares of Edison International by 3.0% during the second quarter. Cidel Asset Management Inc. now owns 6,088 shares of the utilities provider's stock valued at $453,000 after purchasing an additional 178 shares during the period. RFG Advisory LLC bought a new position in shares of Edison International during the 2nd quarter worth about $273,000. Finally, NewEdge Advisors LLC boosted its position in shares of Edison International by 26.0% during the 2nd quarter. NewEdge Advisors LLC now owns 92,552 shares of the utilities provider's stock worth $6,890,000 after purchasing an additional 19,090 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Trading Down 1.3%

NYSE EIX opened at $56.68 on Friday. The firm has a market capitalization of $21.81 billion, a PE ratio of 5.84, a price-to-earnings-growth ratio of 2.31 and a beta of 0.62. The business's 50-day moving average price is $71.16 and its two-hundred day moving average price is $71.56. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95. Edison International has a 12 month low of $52.00 and a 12 month high of $81.62.

Edison International (NYSE:EIX - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.18 by $0.36. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period last year, the company earned $0.97 earnings per share. The firm's revenue was down 4.1% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, analysts expect that Edison International will post 6.13 EPS for the current year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were given a dividend of $0.8775 per share. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $3.51 annualized dividend and a dividend yield of 6.2%. Edison International's dividend payout ratio (DPR) is 36.19%.

About Edison International

Edison International NYSE: EIX is a holding company focused on electric power generation, transmission and distribution, as well as clean-energy solutions. Its principal subsidiary, Southern California Edison (SCE), is a regulated electric utility that delivers electricity to residential, commercial, industrial and public-sector customers.

SCE operates one of the largest electric utility systems in the United States, serving communities across central, coastal and Southern California.

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