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. Since then, EIX stock has increased by 1.9% and is now trading at $60.87.
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14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Edison International in the last twelve months. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Edison International stock.
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Edison International is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
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Edison International (NYSE:EIX) released its quarterly earnings data on Tuesday, October, 27th. The utilities provider reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.43 by $0.24. The utilities provider had revenue of $4.64 billion for the quarter, compared to analyst estimates 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 in the prior year, the firm posted $1.50 earnings per share.
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Edison International declared 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 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Wednesday, December 30th. This is a positive change from Edison International's previous quarterly dividend of $0.64.
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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 EPS guidance of 4.47-4.62 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.44.

14 Wall Street analysts have issued twelve-month price targets for Edison International's shares. Their forecasts range from $63.00 to $88.00. On average, they anticipate Edison International's share price to reach $70.93 in the next twelve months. This suggests a possible upside of 16.5% from the stock's current price.
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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).
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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 variety of retail and institutional investors. Top institutional shareholders include Gateway Investment Advisers LLC (0.07%), State of Alaska Department of Revenue (0.02%), Centre Asset Management LLC (0.02%), Redpoint Investment Management Pty Ltd (0.02%), DNB Asset Management AS (0.01%) and IFM Investors Pty Ltd (0.01%).
View institutional ownership trends for Edison International.

EIX stock was sold by a variety of institutional investors in the last quarter, including Centre Asset Management LLC, Redpoint Investment Management Pty Ltd, State of Alaska Department of Revenue, OLD National Bancorp IN, Crossmark Global Holdings Inc., Raymond James Trust N.A., Global Retirement Partners LLC, and YorkBridge Wealth Partners LLC.
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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.
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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 $60.87.

Edison International has a market capitalization of $23.04 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]