Edison International - EIX Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Edison International in the last year. There are currently 2 sell ratings, 5 hold ratings and 3 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.
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10 equities research analysts have issued 12-month price objectives for Edison International's stock. Their EIX share price forecasts range from $54.00 to $82.00. On average, they expect the company's stock price to reach $68.00 in the next twelve months. This suggests a possible upside of 5.9% from the stock's current price.
View analysts price targets for EIX or view top-rated stocks among Wall Street analysts.

Edison International's stock was trading at $68.25 at the beginning of the year. Since then, EIX stock has decreased by 5.9% and is now trading at $64.23.
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Edison International saw a decrease in short interest during the month of October. As of October 15th, there was short interest totaling 5,910,000 shares, a decrease of 5.4% from the September 30th total of 6,250,000 shares. Based on an average trading volume of 1,910,000 shares, the short-interest ratio is presently 3.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our EIX earnings forecast.

Edison International (NYSE:EIX) issued its earnings results on Tuesday, November, 2nd. The utilities provider reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.76 by $0.07. The utilities provider had revenue of $5.30 billion for the quarter, compared to analysts' expectations of $4.77 billion. Edison International had a net margin of 4.99% and a trailing twelve-month return on equity of 11.66%. During the same period in the prior year, the business earned $1.67 EPS.
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Edison International declared a quarterly dividend on Thursday, August 25th. Investors of record on Friday, September 30th will be paid a dividend of $0.70 per share on Monday, October 31st. This represents a $2.80 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for EIX.

Edison International (NYSE:EIX) pays an annual dividend of $2.80 per share and currently has a dividend yield of 4.39%. 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 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 148.15%. 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 58.82% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EIX.

Edison International issued an update on its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share guidance of $4.48-$4.68 for the period, compared to the consensus EPS estimate of $4.53. The company issued revenue guidance of -.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "EIX."

Edison International's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.23%), State Street Corp (7.66%), Pzena Investment Management LLC (3.51%), Macquarie Group Ltd. (1.91%), Massachusetts Financial Services Co. MA (1.19%) and Pictet Asset Management SA (0.89%). Insiders that own company stock include 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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One share of EIX stock can currently be purchased for approximately $64.23.

Edison International (NYSE:EIX) has a market capitalization of $24.53 billion and generates $14.91 billion in revenue each year. The utilities provider earns $925 million in net income (profit) each year or $1.89 on an earnings per share basis.

The company employs 13,003 workers across the globe.

Edison International's mailing address is 2244 WALNUT GROVE AVE P O BOX 976, ROSEMEAD CA, 91770. The official website for the company is www.edison.com. The utilities provider can be reached via phone at (626) 302-2222, via email at invrel@edisonintl.com, or via fax at 626-302-1212.