Edison International (NYSE:EIX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Edison International (NYSE:EIX) have been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $76.75.

A number of equities analysts have recently issued reports on the company. Barclays dropped their target price on Edison International from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Tuesday. Morgan Stanley lifted their price objective on Edison International from $48.00 to $52.00 and gave the company an “underweight” rating in a report on Thursday, March 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $72.00 target price on shares of Edison International in a report on Wednesday, February 12th. UBS Group raised shares of Edison International from a “neutral” rating to a “buy” rating and cut their price target for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. Finally, LADENBURG THALM/SH SH raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective on the stock in a research note on Wednesday, January 15th.

Hedge Funds Weigh In On Edison International

Large investors have recently made changes to their positions in the company. Crews Bank & Trust acquired a new stake in Edison International in the fourth quarter worth about $25,000. Sierra Ocean LLC bought a new stake in shares of Edison International during the fourth quarter worth approximately $33,000. Raleigh Capital Management Inc. lifted its holdings in Edison International by 285.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider’s stock valued at $34,000 after buying an additional 311 shares during the period. Bellwether Advisors LLC acquired a new position in Edison International in the fourth quarter valued at approximately $34,000. Finally, ST Germain D J Co. Inc. boosted its stake in Edison International by 88.1% in the fourth quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Trading Down 2.3 %

Shares of Edison International stock opened at $52.40 on Friday. Edison International has a 52-week low of $49.06 and a 52-week high of $88.77. The firm has a market capitalization of $20.18 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The company’s fifty day moving average price is $54.62 and its two-hundred day moving average price is $70.88.

Edison International (NYSE:EIX) last posted its earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.03). Edison International had a net margin of 8.52% and a return on equity of 13.17%. The business had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $3.92 billion. On average, analysts expect that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be paid a $0.8275 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 annualized dividend and a dividend yield of 6.32%. Edison International’s dividend payout ratio (DPR) is currently 100.30%.

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.