S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
Novo Nordisk Arms Wegovy to Be a Triple Threat
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
When Will the Next Bull Market Be?
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
Novo Nordisk Arms Wegovy to Be a Triple Threat
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
When Will the Next Bull Market Be?
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
Novo Nordisk Arms Wegovy to Be a Triple Threat
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
When Will the Next Bull Market Be?
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
Novo Nordisk Arms Wegovy to Be a Triple Threat
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
When Will the Next Bull Market Be?
NYSE:EIX

Edison International (EIX) Stock Price, News & Analysis

$67.88
-0.75 (-1.09%)
(As of 05:45 PM ET)
Today's Range
$67.53
$69.21
50-Day Range
$64.41
$70.89
52-Week Range
$58.82
$74.92
Volume
1.16 million shs
Average Volume
2.21 million shs
Market Capitalization
$26.11 billion
P/E Ratio
21.76
Dividend Yield
4.60%
Price Target
$73.60

Edison International MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
8.7% Upside
$73.60 Price Target
Short Interest
Healthy
1.73% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
0.73mentions of Edison International in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.77%
From $5.01 to $5.65 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.64 out of 5 stars

Utilities Sector

14th out of 90 stocks

Electric Services Industry

6th out of 40 stocks

EIX stock logo

About Edison International Stock (NYSE:EIX)

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. Its transmission facilities consist of lines ranging from 55 kV to 500 kV and approximately 80 transmission substations; distribution system consists of approximately 38,000 circuit-miles of overhead lines; approximately 31,000 circuit-miles of underground lines; and 730 distribution substations. The company was founded in 1886 and is based in Rosemead, California.

EIX Stock Price History

EIX Stock News Headlines

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Forget Nvidia, Microsoft or Google. Our tech expert and venture capitalist Luke Lango believes this is Elon Musk’s favorite A.I. stock. Why? Because this company is supplying Elon Musk with a key piece of advanced tech for his new A.I. venture.
EIX Factor-Based Stock Analysis
Forget Nvidia, buy this A.I. Stock Now
Forget Nvidia, Microsoft or Google. Our tech expert and venture capitalist Luke Lango believes this is Elon Musk’s favorite A.I. stock. Why? Because this company is supplying Elon Musk with a key piece of advanced tech for his new A.I. venture.
EIX Oct 2024 55.000 call
EIX Oct 2024 70.000 call
EIX Jul 2024 80.000 put
Edison International: Raising target to $78
EIX Quantitative Stock Analysis
Edison International (EIX) Receives a Hold from Barclays
See More Headlines
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Company Calendar

Ex-Dividend for 1/31 Dividend
12/28/2023
Dividend Payable
1/31/2024
Last Earnings
2/22/2024
Ex-Dividend for 4/30 Dividend
3/27/2024
Today
4/15/2024
Dividend Payable
4/30/2024
Next Earnings (Confirmed)
4/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Electric Utilities
CUSIP
28102010
Employees
14,375
Year Founded
1886

Price Target and Rating

Average Stock Price Target
$73.60
High Stock Price Target
$86.00
Low Stock Price Target
$53.00
Potential Upside/Downside
+8.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
9 Analysts

Profitability

Net Income
$1.41 billion
Pretax Margin
9.27%

Debt

Sales & Book Value

Annual Sales
$16.34 billion
Cash Flow
$12.86 per share
Book Value
$42.42 per share

Miscellaneous

Free Float
380,064,000
Market Cap
$26.21 billion
Optionable
Optionable
Beta
0.96

Social Links

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Key Executives

  • Dr. Pedro J. Pizarro (Age 58)
    President, CEO & Director
    Comp: $3.28M
  • Ms. Maria C. Rigatti (Age 60)
    Executive VP & CFO
    Comp: $1.53M
  • Mr. Adam Seth Umanoff J.D. (Age 64)
    Executive VP, General Counsel & Corporate Secretary
    Comp: $1.3M
  • Mr. Steven D. Powell (Age 45)
    President & CEO of SCE
    Comp: $1.33M
  • Ms. Kara Gostenhofer Ryan (Age 41)
    VP, Chief Accounting Officer & Controller
  • Mr. Sam Ramraj
    Vice President of Investor Relations
  • Ms. Marta I. Carreira Slabe
    VP & Chief Ethics & Compliance Officer
  • Ms. Beth M. Foley
    Vice President of Corporate Communications
  • Ms. Natalie K. Schilling (Age 64)
    Senior VP & Chief Human Resources Officer
  • Ms. Alisa Do
    VP & Corporate Secretary

Should I Buy Edison International Stock? EIX Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Edison International:

  • Edison International is a leading electric services company with a strong presence in southern California, providing electricity to various sectors.
  • The company has a long history dating back to 1886, showcasing stability and experience in the industry.
  • Recent developments in the company's transmission and distribution systems have enhanced efficiency and reliability in power delivery.
  • Edison International's focus on STEM education through programs like the Edison Scholars Program demonstrates a commitment to fostering talent in relevant fields, potentially ensuring a skilled workforce for the company's future operations.
  • With a current stock price that reflects positive market sentiment, investors may see potential for growth and returns in the company.

Cons

Investors should be bearish about investing in Edison International for these reasons:

  • Regulatory challenges in the electric utilities industry could impact Edison International's operations and profitability.
  • Dependency on a specific geographic area, such as southern California, exposes the company to regional risks like natural disasters or regulatory changes.
  • Fluctuations in energy prices and demand could affect the company's revenue streams and financial performance.
  • Investing in utility companies like Edison International may involve slower growth compared to other sectors due to the nature of the industry.
  • Environmental concerns and the shift towards renewable energy sources could pose challenges for traditional electric utilities like Edison International in the long term.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these Edison International pros and cons to contact@marketbeat.com.

EIX Stock Analysis - Frequently Asked Questions

Should I buy or sell Edison International stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Edison International in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.
View EIX analyst ratings
or view top-rated stocks.

What is Edison International's stock price target for 2024?

9 analysts have issued twelve-month price targets for Edison International's stock. Their EIX share price targets range from $53.00 to $86.00. On average, they anticipate the company's share price to reach $73.60 in the next twelve months. This suggests a possible upside of 8.7% from the stock's current price.
View analysts price targets for EIX
or view top-rated stocks among Wall Street analysts.

How have EIX shares performed in 2024?

Edison International's stock was trading at $71.49 on January 1st, 2024. Since then, EIX shares have decreased by 5.3% and is now trading at $67.70.
View the best growth stocks for 2024 here
.

Are investors shorting Edison International?

Edison International saw a decline in short interest in the month of February. As of February 29th, there was short interest totaling 6,160,000 shares, a decline of 6.1% from the February 14th total of 6,560,000 shares. Based on an average trading volume of 2,430,000 shares, the days-to-cover ratio is currently 2.5 days.
View Edison International's Short Interest
.

When is Edison International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our EIX earnings forecast
.

How were Edison International's earnings last quarter?

Edison International (NYSE:EIX) announced its quarterly earnings results on Thursday, February, 22nd. The utilities provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.12. The utilities provider earned $3.71 billion during the quarter, compared to analyst estimates of $4.19 billion. Edison International had a trailing twelve-month return on equity of 12.63% and a net margin of 8.35%. During the same period in the prior year, the company posted $1.14 EPS.
Read the conference call transcript
.

How often does Edison International pay dividends? What is the dividend yield for Edison International?

Edison International declared a quarterly dividend on Thursday, February 22nd. Shareholders of record on Thursday, March 28th will be given a dividend of $0.78 per share on Tuesday, April 30th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for EIX
.

Is Edison International a good dividend stock?

Edison International (NYSE:EIX) pays an annual dividend of $3.12 per share and currently has a dividend yield of 4.55%. 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 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 100.00%. 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 55.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EIX.

What guidance has Edison International issued on next quarter's earnings?

Edison International updated its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share (EPS) guidance of 4.750-5.050 for the period, compared to the consensus earnings per share estimate of 5.060. The company issued revenue guidance of -.

What is Pedro J. Pizarro's approval rating as Edison International's CEO?

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.

What other stocks do shareholders of Edison International own?

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).

Who are Edison International's major shareholders?

Edison International's stock is owned by a variety of institutional and retail investors. Top institutional investors include Douglas Lane & Associates LLC (0.15%), Sound Income Strategies LLC (0.04%), Kwmg LLC (0.02%), CHURCHILL MANAGEMENT Corp (0.02%), Czech National Bank (0.02%) and NBC Securities Inc. (0.01%). Insiders that own company stock include Caroline Choi, J Andrew Murphy, Peter J Taylor and Vanessa C L Chang.
View institutional ownership trends
.

How do I buy shares of Edison International?

Shares of EIX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Edison International have any subsidiaries?
The following companies are subsidiares of Edison International: SoCore Energy, and Southern California Edison Company.
Read More
This page (NYSE:EIX) was last updated on 4/15/2024 by MarketBeat.com Staff

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