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

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Edison International in the last year. 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.
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11 analysts have issued 12 month price targets for Edison International's shares. Their EIX share price targets range from $53.00 to $86.00. On average, they anticipate the company's share price to reach $71.42 in the next year. This suggests a possible upside of 7.4% 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 4.5% and is now trading at $66.49.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
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Edison International (NYSE:EIX) announced its earnings results on Wednesday, November, 1st. The utilities provider reported $1.38 earnings per share 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 analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 earnings per share.
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Edison International declared a quarterly dividend on Thursday, August 24th. Investors of record on Friday, September 29th will be paid a dividend of $0.7375 per share on Tuesday, October 31st. This represents a $2.95 annualized dividend and a yield of 4.44%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for EIX.

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 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.

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 issued an update on 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.

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's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include FMR LLC (3.50%), Pzena Investment Management LLC (3.47%), Clearbridge Investments LLC (1.78%), Legal & General Group Plc (1.46%), JPMorgan Chase & Co. (1.39%) and Morgan Stanley (1.38%). Insiders that own company stock include Caroline Choi, J Andrew Murphy, Peter J Taylor and Vanessa C L Chang.
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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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