Edison International Stock Forecast, Price & News

Edison International's stock was trading at $59.74 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, EIX shares have increased by 3.6% and is now trading at $61.87.
View which stocks have been most impacted by COVID-19.

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Edison International in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Edison International stock.
View analyst ratings for Edison International or view MarketBeat's top 5 stock picks.

Wall Street analysts have given Edison International a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Edison International wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Edison International is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Edison International.

Edison International (NYSE:EIX) announced its quarterly earnings results on Tuesday, October, 27th. The utilities provider reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.43 by $0.24. The utilities provider earned $4.64 billion during the quarter, compared to analysts' expectations of $3.96 billion. Edison International had a net margin of 3.23% and a return on equity of 10.57%. During the same period last year, the firm earned $1.50 EPS.
View Edison International's earnings history.

Edison International announced a quarterly dividend on Thursday, December 10th. Investors of record on Thursday, December 31st will be paid a dividend of $0.6625 per share on Sunday, January 31st. This represents a $2.65 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Wednesday, December 30th. This is an increase from Edison International's previous quarterly dividend of $0.64.
View Edison International's dividend history.

Edison International pays an annual dividend of $2.65 per share and currently has a dividend yield of 4.28%. EIX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Edison International does not yet have a strock track record of dividend growth. The dividend payout ratio of Edison International is 56.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Edison International will have a dividend payout ratio of 59.28% next year. This indicates that Edison International will be able to sustain or increase its dividend.
View Edison International's dividend history.

Edison International issued an update on its FY 2020 After-Hours earnings guidance on Tuesday, October, 27th. The company provided earnings per share (EPS) guidance of 4.47-4.62 for the period, compared to the Thomson Reuters consensus estimate of $4.44.

14 brokers have issued twelve-month price objectives for Edison International's shares. Their forecasts range from $63.00 to $88.00. On average, they anticipate Edison International's stock price to reach $70.93 in the next twelve months. This suggests a possible upside of 14.6% from the stock's current price.
View analysts' price targets for Edison International or view Wall Street analyst' top-rated stocks.

Some companies that are related to Edison International include NextEra Energy (NEE), Duke Energy (DUK), The Southern (SO), Eversource Energy (ES), PPL (PPL), Entergy (ETR), FirstEnergy (FE), Pinnacle West Capital (PNW), OGE Energy (OGE), IDACORP (IDA), PNM Resources (PNM), Portland General Electric (POR), Hawaiian Electric Industries (HE), ALLETE (ALE) and MGE Energy (MGEE).
View all of EIX's competitors.

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), The Procter & Gamble (PG), The 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 number of retail and institutional investors. Top institutional shareholders include Gateway Investment Advisers LLC (0.07%), State of Alaska Department of Revenue (0.02%), Redpoint Investment Management Pty Ltd (0.02%), IFM Investors Pty Ltd (0.01%), Louisiana State Employees Retirement System (0.01%) and Crossmark Global Holdings Inc. (0.00%).
View institutional ownership trends for Edison International.

EIX stock was sold by a variety of institutional investors in the last quarter, including Redpoint Investment Management Pty Ltd, State of Alaska Department of Revenue, Crossmark Global Holdings Inc., Raymond James Trust N.A., Global Retirement Partners LLC, and City Holding Co..
View insider buying and selling activity for Edison International or view top insider-selling stocks.

EIX stock was bought by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC, Sowell Financial Services LLC, IFM Investors Pty Ltd, Louisiana State Employees Retirement System, IMS Capital Management, Nexus Investment Management ULC, Jacobs & Co. CA, and First Hawaiian Bank.
View insider buying and selling activity for Edison International or or view top insider-buying stocks.

Shares of EIX 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.

One share of EIX stock can currently be purchased for approximately $61.87.

Edison International has a market capitalization of $23.42 billion and generates $12.35 billion in revenue each year. The utilities provider earns $1.41 billion in net income (profit) each year or $4.70 on an earnings per share basis. Edison International employs 12,937 workers across the globe.

The official website for Edison International is www.edison.com.

Edison International's mailing address is 2244 WALNUT GROVE AVE P O BOX 976, ROSEMEAD CA, 91770. The utilities provider can be reached via phone at 626-302-2222 or via email at [email protected]