Edison International (NYSE:EIX) Receives Average Rating of "Hold" from Analysts

Key Points

• Edison International (NYSE:EIX) has received a consensus rating of "Hold" from thirteen analysts, with one sell rating, five hold ratings, and seven buy ratings.
• The average 1-year price objective for the stock is $71.75, with recent price targets ranging from $60.00 to $68.00 set by various research firms.
• The company has declared a quarterly dividend of $0.8275, translating to an annualized dividend yield of 6.1%.

Shares of Edison International (NYSE:EIX - Get Free Report) have received a consensus rating of "Hold" from the thirteen analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $71.75.

Several research firms recently commented on EIX. Wolfe Research downgraded Edison International from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. UBS Group lowered their target price on Edison International from $68.00 to $66.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. JPMorgan Chase & Co. lifted their target price on Edison International from $67.00 to $68.00 and gave the company a "neutral" rating in a research note on Thursday. Morgan Stanley lowered their target price on Edison International from $61.00 to $60.00 and set an "underweight" rating for the company in a research note on Thursday. Finally, Barclays lifted their target price on Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a research note on Monday, August 4th.

Edison International Price Performance

Shares of NYSE:EIX opened at $54.05 on Friday. The business has a 50 day moving average price of $54.56 and a 200 day moving average price of $54.72. Edison International has a twelve month low of $47.73 and a twelve month high of $88.64. The company has a market cap of $20.80 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 1.29 and a beta of 0.80. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 2.03.

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

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th will be given a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Tuesday, October 7th. Edison International's dividend payout ratio (DPR) is currently 48.60%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rakuten Securities Inc. lifted its holdings in Edison International by 4,633.3% during the first quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider's stock worth $25,000 after acquiring an additional 417 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Edison International in the first quarter valued at about $25,000. Investment Management Corp VA ADV lifted its holdings in shares of Edison International by 159.6% in the first quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 265 shares in the last quarter. Kentucky Trust Co lifted its holdings in shares of Edison International by 66.7% in the second quarter. Kentucky Trust Co now owns 500 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Finally, American National Bank & Trust bought a new stake in shares of Edison International in the second quarter valued at about $32,000. 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.

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