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Edison International Stock Price, News & Analysis (NYSE:EIX)

$66.72
-0.65 (-0.96%)
(As of 12/5/2023 ET)
Compare
Today's Range
$66.31
$67.49
50-Day Range
$60.69
$67.47
52-Week Range
$58.82
$74.92
Volume
1.82 million shs
Average Volume
1.82 million shs
Market Capitalization
$25.59 billion
P/E Ratio
20.79
Dividend Yield
4.42%
Price Target
$71.42

Edison International MarketRank™ Stock Analysis

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
7.0% Upside
$71.42 Price Target
Short Interest
Healthy
1.45% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
0.74mentions of Edison International in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$803,944 Sold Last Quarter
Proj. Earnings Growth
7.22%
From $4.71 to $5.05 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.87 out of 5 stars

Utilities Sector

6th out of 86 stocks

Electric Services Industry

4th out of 38 stocks


EIX stock logo

About Edison International Stock (NYSE:EIX)

Edison International, through its subsidiaries, generates and distributes electric power. The company supplies electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors. It also provides decarbonization and energy solutions to commercial, institutional, and industrial customers in North America and Europe. The company's transmission facilities consist of lines ranging from 55 kV to 500 kV and approximately 80 transmission substations; and distribution system consists of approximately 38,000 circuit-miles of overhead lines; approximately 31,000 circuit-miles of underground lines; and 730 substations. Edison International was founded in 1886 and is headquartered in Rosemead, California.

EIX Stock Price History

EIX Stock News Headlines

Edison International: Countdown to 2045: Executive Summary
Countdown to 2045: Executive Summary
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Edison International: Taking Clean Energy Education on the Road
Taking Clean Energy Education on the Road
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9 Analysts Have This to Say About Edison Intl
Edison International: Santa Barbara Unveils New Electric Buses
Santa Barbara Unveils New Electric Buses
California utility to blame for deadly 2022 fire -report
Port of Long Beach Drives Toward Zero-Emissions Future
RBC Capital Keeps Their Buy Rating on Edison International (EIX)
Accelerating Vehicle-to-Grid Research
Yes, You Can Cook Cultural Cuisine on an Induction Stove
Barclays Keeps Their Hold Rating on Edison International (EIX)
Edison International: Many Paths to the Same Goal
Many Paths to the Same Goal
See More Headlines
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Company Calendar

Ex-Dividend for 10/31 Dividend
9/28/2023
Dividend Payable
10/31/2023
Last Earnings
11/01/2023
Today
12/05/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/22/2024

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Electric Utilities
Sector
Utilities
CUSIP
28102010
Employees
13,388
Year Founded
1886

Price Target and Rating

Average Stock Price Target
$71.42
High Stock Price Target
$86.00
Low Stock Price Target
$53.00
Potential Upside/Downside
+7.0%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
11 Analysts

Profitability

Net Income
$824 million
Pretax Margin
9.43%

Debt

Sales & Book Value

Annual Sales
$17.22 billion
Cash Flow
$12.49 per share
Book Value
$40.70 per share

Miscellaneous

Free Float
379,618,000
Market Cap
$25.59 billion
Optionable
Optionable
Beta
0.86

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Key Executives

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Edison International was last updated on Tuesday, November 28, 2023 at 1:34 PM.

Pros

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

  • Edison International generates and distributes electric power, supplying electricity to a large area of southern California. This provides a stable and consistent source of revenue for the company.
  • The company also provides decarbonization and energy solutions to commercial, institutional, and industrial customers in North America and Europe. This positions Edison International to benefit from the growing demand for clean energy solutions.
  • With a transmission system consisting of lines ranging from 55 kV to 500 kV and a distribution system consisting of overhead and underground lines, Edison International has a well-established infrastructure that supports its operations.
  • Edison International has a long history, being founded in 1886. This demonstrates the company's resilience and ability to adapt to changing market conditions over time.
  • Investors may find the current stock price of Edison International to be attractive, providing a potential opportunity for capital appreciation.

Cons

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

  • The electric services industry, in which Edison International operates, is highly regulated. Changes in regulations or government policies could impact the company's operations and profitability.
  • As a utility company, Edison International is exposed to risks related to natural disasters and extreme weather events. These events can disrupt the company's operations and result in significant costs.
  • Competition in the electric services industry is intense. Edison International faces competition from other utility companies as well as emerging technologies and alternative energy sources.
  • Fluctuations in energy prices can impact the profitability of Edison International. Changes in fuel costs or electricity prices can affect the company's margins.
  • Investors should also consider the potential impact of economic downturns or recessions on the demand for electricity and energy solutions. A decline in economic activity could reduce the demand for Edison International's services.














EIX Stock Analysis - Frequently Asked Questions

Should I buy or sell Edison International stock right now?

11 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 4 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.
View EIX analyst ratings
or view top-rated stocks.

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

11 brokerages have issued 12 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 stock price to reach $71.42 in the next year. This suggests a possible upside of 7.0% 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 2023?

Edison International's stock was trading at $63.62 at the start of the year. Since then, EIX stock has increased by 4.9% and is now trading at $66.72.
View the best growth stocks for 2023 here
.

When is Edison International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our EIX earnings forecast
.

How were Edison International's earnings last quarter?

Edison International (NYSE:EIX) announced its quarterly earnings results on Wednesday, November, 1st. The utilities provider reported $1.38 EPS for the quarter, missing analysts' consensus estimates of $1.46 by $0.08. The utilities provider had revenue of $4.70 billion for the quarter, compared to analysts' expectations of $5.71 billion. Edison International had a trailing twelve-month return on equity of 12.79% and a net margin of 8.75%. Edison International's revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.48 earnings per share.
Read the conference call transcript
.

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

Edison International announced a quarterly dividend on Thursday, August 24th. Investors 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 4.42%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for EIX
.

Is Edison International a good dividend stock?

Edison International (NYSE:EIX) pays an annual dividend of $2.95 per share and currently has a dividend yield of 4.37%. 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 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 91.90%. 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 58.42% 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 FY23 earnings guidance on Wednesday, November, 1st. The company provided earnings per share guidance of $4.55-$4.85 for the period, compared to the consensus EPS estimate of $4.73.

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 FMR LLC (3.50%), Pzena Investment Management LLC (3.47%), Wellington Management Group LLP (2.57%), Clearbridge Investments LLC (1.78%), Legal & General Group Plc (1.46%) and JPMorgan Chase & Co. (1.39%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/6/2023 by MarketBeat.com Staff

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