Edison International (NYSE:EIX) Receives Average Recommendation of “Hold” from Brokerages

Edison International (NYSE:EIX) has earned an average rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $73.60.

Several research firms recently weighed in on EIX. Barclays lifted their price target on Edison International from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. StockNews.com upgraded shares of Edison International from a “sell” rating to a “hold” rating in a research note on Saturday, February 24th. The Goldman Sachs Group started coverage on shares of Edison International in a research note on Wednesday, April 10th. They issued a “neutral” rating and a $78.00 price objective for the company. Royal Bank of Canada decreased their target price on shares of Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. Finally, Mizuho dropped their price target on shares of Edison International from $76.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, January 25th.

Edison International Price Performance

NYSE:EIX opened at $68.13 on Friday. The firm’s fifty day moving average price is $68.36 and its two-hundred day moving average price is $67.32. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.79 and a quick ratio of 0.73. The company has a market cap of $26.21 billion, a P/E ratio of 21.84 and a beta of 0.96. Edison International has a one year low of $58.82 and a one year high of $74.92.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. The business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $4.19 billion. Edison International had a net margin of 8.35% and a return on equity of 12.63%. During the same quarter in the prior year, the business earned $1.14 EPS. Equities analysts expect that Edison International will post 5.01 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend is Wednesday, March 27th. Edison International’s dividend payout ratio (DPR) is presently 100.00%.

Institutional Trading of Edison International

A number of hedge funds have recently added to or reduced their stakes in the stock. LVW Advisors LLC acquired a new position in shares of Edison International during the first quarter worth $343,000. AMF Tjanstepension AB grew its position in Edison International by 69.3% during the 1st quarter. AMF Tjanstepension AB now owns 162,753 shares of the utilities provider’s stock worth $11,542,000 after acquiring an additional 66,629 shares during the last quarter. Ausbil Investment Management Ltd increased its holdings in Edison International by 4.8% in the 1st quarter. Ausbil Investment Management Ltd now owns 141,644 shares of the utilities provider’s stock worth $9,977,000 after purchasing an additional 6,545 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Edison International by 12.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,508 shares of the utilities provider’s stock valued at $1,592,000 after purchasing an additional 2,431 shares during the last quarter. Finally, Brookstone Capital Management boosted its stake in shares of Edison International by 3,503.3% during the first quarter. Brookstone Capital Management now owns 135,341 shares of the utilities provider’s stock valued at $9,573,000 after purchasing an additional 131,585 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

About Edison International

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.