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

Key Points

• Edison International has received a consensus rating of "Hold" from analysts, with one sell, seven hold, and seven buy recommendations.
• The company's stock price target has varied, with recent estimates ranging from $60.00 to $71.00 based on multiple analysts' reports.
• Edison International recently declared a quarterly dividend of $0.8275 per share, providing a yield of 5.7%.

Edison International (NYSE:EIX - Get Free Report) has been assigned a consensus rating of "Hold" from the fifteen ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $65.25.

Several research analysts recently weighed in on EIX shares. UBS Group dropped their target price on Edison International from $68.00 to $66.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Morgan Stanley dropped their price target on Edison International from $61.00 to $60.00 and set an "underweight" rating on the stock in a research note on Thursday, September 25th. JPMorgan Chase & Co. boosted their price target on Edison International from $67.00 to $68.00 and gave the company a "neutral" rating in a research note on Thursday, September 25th. TD Cowen began coverage on Edison International in a research note on Thursday, October 16th. They set a "buy" rating and a $71.00 price target on the stock. Finally, Cowen began coverage on Edison International in a research note on Wednesday, October 15th. They set a "buy" rating on the stock.

Edison International Stock Up 1.7%

Shares of EIX stock opened at $57.64 on Tuesday. Edison International has a 1-year low of $47.73 and a 1-year high of $88.64. The stock's fifty day moving average price is $55.25 and its 200 day moving average price is $54.35. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.81. The company has a market cap of $22.18 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 0.97 and a beta of 0.80.

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

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 7th will be paid a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 5.7%. The ex-dividend date is Tuesday, October 7th. Edison International's payout ratio is presently 48.60%.

Institutional Trading of Edison International

Several large investors have recently added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Edison International in the 1st quarter valued at about $25,000. Investment Management Corp VA ADV lifted its holdings in shares of Edison International by 159.6% in the 1st quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider's stock valued at $25,000 after buying an additional 265 shares during the period. Kentucky Trust Co lifted its holdings in shares of Edison International by 66.7% in the 2nd quarter. Kentucky Trust Co now owns 500 shares of the utilities provider's stock valued at $26,000 after buying an additional 200 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of Edison International in the 1st quarter valued at about $35,000. Finally, American National Bank & Trust acquired a new position in shares of Edison International in the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 88.95% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.