Edison International (NYSE:EIX) Trading Down 4.9% - Here's Why

Key Points

• Edison International shares fell by 4.9% to $53.52 amid a significant drop in trading volume, with only 946,516 shares traded compared to an average of over 4 million.
• Analysts have mixed ratings on Edison International, with Jefferies lowering its rating from "buy" to "hold" and reducing the price target to $57, while Barclays and JPMorgan Chase raised their targets.
• The company recently announced a quarterly dividend of $0.8275, resulting in an annualized dividend yield of 6.1% and a payout ratio of 48.60%.

Edison International (NYSE:EIX - Get Free Report) shares fell 4.9% on Thursday . The company traded as low as $53.97 and last traded at $53.52. 946,516 shares were traded during mid-day trading, a decline of 78% from the average session volume of 4,212,369 shares. The stock had previously closed at $56.28.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EIX. Jefferies Financial Group lowered shares of Edison International from a "buy" rating to a "hold" rating and decreased their price target for the company from $70.00 to $57.00 in a report on Thursday. Morgan Stanley decreased their price target on shares of Edison International from $61.00 to $60.00 and set an "underweight" rating on the stock in a report on Thursday, September 25th. Barclays lifted their target price on shares of Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a report on Monday, August 4th. JPMorgan Chase & Co. lifted their target price on shares of Edison International from $67.00 to $68.00 and gave the company a "neutral" rating in a report on Thursday, September 25th. Finally, UBS Group reduced their target price on shares of Edison International from $68.00 to $66.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Edison International presently has an average rating of "Hold" and an average price target of $68.15.

Edison International Price Performance

The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.81 and a current ratio of 0.87. The stock has a market cap of $20.84 billion, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 1.30 and a beta of 0.80. The business's fifty day simple moving average is $54.87 and its 200 day simple moving average is $54.70.

Edison International (NYSE:EIX - Get Free Report) last released 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. The company had revenue of $4.54 billion during 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 was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.23 EPS. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. Research analysts predict that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $3.31 annualized dividend and a dividend yield of 6.1%. Edison International's payout ratio is presently 48.60%.

Institutional Investors Weigh In On Edison International

Institutional investors have recently modified their holdings of the business. Rakuten Securities Inc. grew its position in shares of Edison International by 4,633.3% during the 1st quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider's stock valued at $25,000 after buying an additional 417 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Edison International during the 1st quarter valued at about $25,000. Investment Management Corp VA ADV grew its position in shares of Edison International by 159.6% during 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 last quarter. Kentucky Trust Co grew its position in shares of Edison International by 66.7% during 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 last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Edison International during the 1st quarter valued at about $35,000. Institutional investors own 88.95% of the company's stock.

Edison International Company Profile

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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