Edison International (NYSE:EIX) Stock Now Rated "Reduce" by Wall Street Analysts

Key Points

• Analysts rate Edison International “Reduce” on average: Four of 14 analysts recommend selling, nine recommend holding, and one recommends buying; the average 12-month price target is $62.45.
• Several firms recently cut their price targets, including Jefferies to $42, JPMorgan to $61, Morgan Stanley to $60, and Mizuho to $70. The stock opened at $54.28, near its 52-week low of $51.10.
• Edison International exceeded quarterly EPS expectations, reporting $1.54 versus a $1.18 consensus estimate, but revenue fell 4.1% year over year. The company declared a quarterly dividend of $0.8775, equivalent to a 6.5% annualized yield.

Shares of Edison International (NYSE:EIX - Get Free Report) have earned an average recommendation of "Reduce" from the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $62.45.

A number of analysts have commented on EIX shares. Mizuho reaffirmed a "neutral" rating and set a $70.00 price objective (down from $86.00) on shares of Edison International in a research note on Monday, August 31st. Jefferies Financial Group reissued an "underperform" rating and issued a $42.00 target price (down from $53.00) on shares of Edison International in a research report on Friday. JPMorgan Chase & Co. cut their price target on shares of Edison International from $82.00 to $61.00 and set a "neutral" rating on the stock in a report on Wednesday, September 2nd. Morgan Stanley reduced their price target on shares of Edison International from $65.00 to $60.00 and set an "underweight" rating for the company in a research report on Friday, September 18th. Finally, Argus reaffirmed a "hold" rating on shares of Edison International in a research note on Wednesday, August 26th.

Edison International Stock Performance

EIX opened at $54.28 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. The firm has a market cap of $20.89 billion, a PE ratio of 5.60, a P/E/G ratio of 2.17 and a beta of 0.62. The business has a fifty day simple moving average of $63.40 and a 200-day simple moving average of $69.31. Edison International has a fifty-two week low of $51.10 and a fifty-two week high of $81.62.

Edison International (NYSE:EIX - Get Free Report) last announced its earnings results 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 for the quarter, compared to analyst estimates of $4.82 billion. During the same period in the previous year, the firm earned $0.97 earnings per share. Edison International's revenue for the quarter 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. As a group, equities analysts predict that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Wednesday, October 7th will be issued a $0.8775 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 6.5%. Edison International's dividend payout ratio is presently 36.19%.

Institutional Trading of Edison International

Hedge funds and other institutional investors have recently modified their holdings of the business. 10Elms LLP purchased a new stake in Edison International in the 4th quarter worth about $26,000. Edmond DE Rothschild Holding S.A. purchased a new position in Edison International during the 2nd quarter valued at about $26,000. Groupe la Francaise acquired a new position in shares of Edison International in the 1st quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Edison International in the 2nd quarter valued at about $30,000. Finally, Bell Investment Advisors Inc acquired a new position in shares of Edison International in the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Company Profile

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International's history is rooted in Southern California Edison, which traces its origins to the late 19th century.

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