Brokerages Set Edison International (NYSE:EIX) Target Price at $72.64

Shares of Edison International (NYSE:EIX) have received an average rating of “Hold” from the twelve analysts that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $72.6364.

Several brokerages recently issued reports on EIX. Barclays raised their target price on shares of Edison International from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Morgan Stanley reissued an “underweight” rating and set a $69.00 price target on shares of Edison International in a research report on Wednesday. Truist Financial dropped their price objective on Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Edison International in a research report on Monday, July 13th. Finally, JPMorgan Chase & Co. raised their price objective on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, May 15th.

Edison International Stock Performance

NYSE EIX opened at $79.71 on Thursday. The firm has a market capitalization of $30.67 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 6.20 and a beta of 0.66. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98. The firm’s fifty day moving average price is $73.56 and its two-hundred day moving average price is $70.38. Edison International has a 1 year low of $51.01 and a 1 year high of $80.90.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, research analysts anticipate that Edison International will post 6.13 EPS for the current year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 7th will be paid a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, July 7th. Edison International’s dividend payout ratio is 38.11%.

Institutional Investors Weigh In On Edison International

Hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its stake in Edison International by 69.9% in the 4th quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after buying an additional 7,521,168 shares during the last quarter. Norges Bank acquired a new stake in Edison International during the fourth quarter worth approximately $339,311,000. Goldman Sachs Group Inc. boosted its holdings in shares of Edison International by 41.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after acquiring an additional 1,609,847 shares during the period. Assetmark Inc. boosted its holdings in shares of Edison International by 1,118.0% during the first quarter. Assetmark Inc. now owns 1,601,327 shares of the utilities provider’s stock worth $117,185,000 after acquiring an additional 1,469,860 shares during the period. Finally, Swedbank AB boosted its holdings in shares of Edison International by 207.0% during the first quarter. Swedbank AB now owns 2,073,181 shares of the utilities provider’s stock worth $151,715,000 after acquiring an additional 1,397,858 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Company Profile

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.