Edison International (NYSE:EIX) Receives $73.60 Average PT from Analysts

Edison International (NYSE:EIX - Get Free Report) has earned an average recommendation of "Hold" from the nine ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $73.60.

EIX has been the subject of several recent research reports. StockNews.com upgraded Edison International from a "sell" rating to a "hold" rating in a research report on Saturday, February 24th. Barclays lifted their price target on Edison International from $69.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Monday, February 26th. Royal Bank of Canada dropped their price target on Edison International from $81.00 to $80.00 and set an "outperform" rating for the company in a research report on Thursday, March 7th. Mizuho dropped their price target on Edison International from $76.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday, January 25th. Finally, Guggenheim upgraded Edison International from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $66.00 to $84.00 in a research report on Monday, January 22nd.

Edison International Price Performance

Shares of EIX stock traded up $1.80 during trading hours on Friday, hitting $69.93. The stock had a trading volume of 1,342,331 shares, compared to its average volume of 2,175,151. Edison International has a one year low of $58.82 and a one year high of $74.92. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.79 and a quick ratio of 0.73. The stock's 50-day moving average price is $68.46 and its two-hundred day moving average price is $67.39. The stock has a market capitalization of $26.90 billion, a price-to-earnings ratio of 22.41 and a beta of 0.96.

Edison International (NYSE:EIX - Get Free Report) last issued its earnings results on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.12. Edison International had a return on equity of 12.63% and a net margin of 8.35%. The firm had revenue of $3.71 billion for the quarter, compared to analysts' expectations of $4.19 billion. During the same period in the previous year, the firm posted $1.14 earnings per share. Equities analysts forecast that Edison International will post 5.01 EPS for the current year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a $0.78 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.46%. Edison International's payout ratio is 100.00%.

Institutional Trading of Edison International

A number of large investors have recently modified their holdings of the company. RVW Wealth LLC bought a new position in Edison International in the third quarter worth approximately $25,000. Able Wealth Management LLC bought a new position in Edison International in the fourth quarter worth approximately $25,000. Bruce G. Allen Investments LLC bought a new position in Edison International in the fourth quarter worth approximately $27,000. Global Trust Asset Management LLC bought a new position in Edison International in the first quarter worth approximately $28,000. Finally, WASHINGTON TRUST Co raised its stake in Edison International by 117.4% in the fourth quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider's stock worth $36,000 after buying an additional 270 shares in the last quarter. 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.