Edison International (EIX) Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Edison International in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EIX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EIX, but not buy additional shares or sell existing shares.
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10 analysts have issued 1 year target prices for Edison International's shares. Their EIX share price forecasts range from $53.00 to $86.00. On average, they predict the company's stock price to reach $73.36 in the next twelve months. This suggests a possible upside of 14.3% from the stock's current price.
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Edison International's stock was trading at $63.62 at the beginning of 2023. Since then, EIX shares have increased by 0.9% and is now trading at $64.19.
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Edison International saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 6,710,000 shares, a decline of 9.0% from the August 31st total of 7,370,000 shares. Based on an average daily trading volume, of 1,480,000 shares, the short-interest ratio is currently 4.5 days.
View Edison International's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our EIX earnings forecast.

Edison International (NYSE:EIX) posted its quarterly earnings data on Thursday, July, 27th. The utilities provider reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.06. The utilities provider had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $4.28 billion. Edison International had a net margin of 6.81% and a trailing twelve-month return on equity of 12.69%. The company's quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 EPS.

Edison International announced a quarterly dividend on Thursday, August 24th. Stockholders of record on Friday, September 29th will be given a dividend of $0.7375 per share on Tuesday, October 31st. This represents a $2.95 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for EIX.

ETFs with the largest weight of Edison International (NYSE:EIX) stock in their portfolio include Virtus Reaves Utilities ETF (UTES), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Goldman Sachs Bloomberg Clean Energy Equity ETF (GCLN), Utilities Select Sector SPDR Fund (XLU), Sound Equity Dividend Income ETF (DIVY), Sound Equity Income ETF (SDEI) and Fidelity MSCI Utilities Index ETF (FUTY).

Edison International (NYSE:EIX) pays an annual dividend of $2.95 per share and currently has a dividend yield of 4.48%. EIX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 118.95%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EIX will have a dividend payout ratio of 58.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EIX.

Edison International updated its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $4.55-$4.85 for the period, compared to the consensus EPS estimate of $4.72. The company issued revenue guidance of -.

2 employees have rated Edison International Chief Executive Officer Pedro J. Pizarro on Glassdoor.com. Pedro J. Pizarro has an approval rating of 100% among the company's employees. This puts Pedro J. Pizarro in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Edison International investors own include Johnson & Johnson (JNJ), AT&T (T), Chevron (CVX), Intel (INTC), Verizon Communications (VZ), Cisco Systems (CSCO), Pfizer (PFE), Procter & Gamble (PG), Home Depot (HD) and Exxon Mobil (XOM).

Edison International trades on the New York Stock Exchange (NYSE) under the ticker symbol "EIX."

Edison International's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.68%), State Street Corp (7.47%), Capital Research Global Investors (4.88%), Capital International Investors (3.98%), Pzena Investment Management LLC (3.42%) and Franklin Resources Inc. (2.28%). Insiders that own company stock include Caroline Choi, J Andrew Murphy, Peter J Taylor and Vanessa C L Chang.
View institutional ownership trends.

Shares of EIX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EIX stock can currently be purchased for approximately $64.19.

Edison International (NYSE:EIX) has a market capitalization of $24.60 billion and generates $17.22 billion in revenue each year. The utilities provider earns $824 million in net income (profit) each year or $2.48 on an earnings per share basis.

The company employs 13,388 workers across the globe.

Edison International's mailing address is 2244 WALNUT GROVE AVE P O BOX 976, ROSEMEAD CA, 91770. The official website for the company is www.edison.com. The utilities provider can be reached via phone at (626) 302-2222, via email at invrel@edisonintl.com, or via fax at 626-302-1212.