Edison International (NYSE:EIX) Receives $75.21 Average Price Target from Brokerages

Key Points

• Edison International received an average recommendation of "Moderate Buy" from fifteen analysts, with five holding and ten buying the stock, and an average target price of $75.21.
• The company reported $0.97 earnings per share for its last quarter, exceeding estimates, along with a net margin of 16% and a year-over-year revenue increase of 4.8%.
• Edison International announced a quarterly dividend of $0.8275 per share, resulting in an annualized yield of 5.9% and a dividend payout ratio of 48.60%.

Edison International (NYSE:EIX - Get Free Report) has earned an average recommendation of "Moderate Buy" from the fifteen analysts that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $75.2083.

Several equities analysts recently commented on EIX shares. JPMorgan Chase & Co. dropped their target price on Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a research note on Monday, May 19th. Morgan Stanley reiterated an "overweight" rating on shares of Edison International in a report on Thursday, August 21st. Barclays lifted their price target on shares of Edison International from $64.00 to $65.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Evercore ISI reiterated an "outperform" rating on shares of Edison International in a research report on Thursday, May 15th. Finally, Wolfe Research downgraded Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th.

Edison International Price Performance

EIX stock traded down $0.41 during trading on Monday, reaching $55.38. 3,353,343 shares of the company were exchanged, compared to its average volume of 4,324,884. The company has a market cap of $21.31 billion, a P/E ratio of 8.13, a PEG ratio of 1.32 and a beta of 0.80. Edison International has a 52-week low of $47.73 and a 52-week high of $88.77. The stock's 50 day moving average price is $53.26 and its 200 day moving average price is $54.52. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.81 and a current ratio of 0.87.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.52 billion. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.23 earnings per share. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. As a group, analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 7th were issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Monday, July 7th. Edison International's dividend payout ratio is 48.60%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EIX. Oppenheimer & Co. Inc. raised its holdings in Edison International by 98.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 10,982 shares of the utilities provider's stock worth $647,000 after buying an additional 5,454 shares during the period. Tounjian Advisory Partners LLC acquired a new stake in shares of Edison International in the first quarter worth $1,151,000. Wealth Enhancement Advisory Services LLC grew its holdings in Edison International by 135.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 123,851 shares of the utilities provider's stock valued at $7,297,000 after buying an additional 71,159 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Edison International by 4,157.4% during the first quarter. GAMMA Investing LLC now owns 145,179 shares of the utilities provider's stock valued at $8,554,000 after buying an additional 141,769 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Edison International by 6.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,562,128 shares of the utilities provider's stock valued at $150,961,000 after buying an additional 145,358 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors.

About Edison International

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.