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

Key Points

• Edison International has a consensus “Hold” rating among 13 brokerages: seven rate it Hold, three Buy and three Sell. The average 12-month price target is $72.82.
• Institutional investors and hedge funds own 88.95% of the company’s stock, while several smaller investment firms recently initiated or increased positions.
• Edison International reported quarterly EPS of $1.54, beating estimates of $1.18, although revenue fell 4.1% year over year to $4.36 billion. The company also maintains a quarterly dividend of $0.8775, implying an annualized yield of about 4.9%.

Shares of Edison International (NYSE:EIX - Get Free Report) have earned an average recommendation of "Hold" from the thirteen brokerages that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $72.8182.

Several research analysts have recently issued reports on EIX shares. Seaport Research Partners cut Edison International from a "buy" rating to a "neutral" rating in a research note on Monday, April 20th. JPMorgan Chase & Co. raised their price target on Edison International from $75.00 to $76.00 and gave the company a "neutral" rating in a report on Friday, May 15th. Barclays restated an "equal weight" rating and set a $75.00 price objective (down from $78.00) on shares of Edison International in a research note on Friday, July 31st. Weiss Ratings downgraded shares of Edison International from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday. Finally, Mizuho raised their target price on shares of Edison International from $79.00 to $86.00 and gave the company an "outperform" rating in a research note on Friday, July 31st.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. 10Elms LLP bought a new position in Edison International during the 4th quarter valued at $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Edison International during the 2nd quarter valued at $26,000. Transamerica Financial Advisors LLC raised its stake in shares of Edison International by 170.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider's stock worth $27,000 after buying an additional 281 shares in the last quarter. Groupe la Francaise bought a new stake in shares of Edison International in the 1st quarter worth $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Edison International in the second quarter valued at $30,000. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Stock Performance

EIX opened at $71.35 on Monday. The business's 50 day moving average is $74.02 and its 200-day moving average is $71.67. The stock has a market cap of $27.46 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 5.54 and a beta of 0.66. 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 twelve month low of $52.00 and a twelve 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 the consensus estimate of $1.18 by $0.36. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The business's revenue was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, analysts predict that Edison International will post 6.13 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were paid a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International's dividend payout ratio is currently 36.19%.

Edison International Company Profile

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE's integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company's operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company's activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.

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