Edison International (EIX) – What Are Researchers Thinking About This Stock?

Shares of Edison International (NYSE:EIX) have received a consensus rating of “Reduce” from the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $60.18.

Several research firms have commented on EIX. Truist Financial dropped their target price on shares of Edison International from $63.00 to $62.00 and set a “hold” rating on the stock in a research report on Monday. JPMorgan Chase & Co. cut their target price on Edison International from $61.00 to $59.00 and set a “neutral” rating on the stock in a research note on Monday. Morgan Stanley reduced their target price on Edison International from $65.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, September 18th. Bank of America downgraded Edison International from a “buy” rating to a “neutral” rating and decreased their price target for the company from $81.00 to $51.00 in a research report on Tuesday, September 1st. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a $42.00 price target (down from $53.00) on shares of Edison International in a research report on Friday, October 2nd.

Edison International Stock Performance

NYSE EIX opened at $55.65 on Tuesday. Edison International has a 1 year low of $51.10 and a 1 year high of $81.62. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. The firm has a market cap of $21.42 billion, a price-to-earnings ratio of 5.74, a PEG ratio of 2.23 and a beta of 0.62. The company has a fifty day moving average price of $61.24 and a 200-day moving average price of $68.73.

Edison International (NYSE:EIX) last announced its earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, beating the consensus estimate of $1.18 by $0.36. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities research analysts predict that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Wednesday, October 7th will be paid a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Wednesday, October 7th. Edison International’s dividend payout ratio is 36.19%.

Hedge Funds Weigh In On Edison International

Several institutional investors have recently added to or reduced their stakes in EIX. Avior Wealth Management LLC increased its position in Edison International by 4.7% during the 2nd quarter. Avior Wealth Management LLC now owns 2,956 shares of the utilities provider’s stock valued at $220,000 after purchasing an additional 134 shares during the period. Equitable Trust Co. raised its holdings in Edison International by 0.8% in the 1st quarter. Equitable Trust Co. now owns 19,616 shares of the utilities provider’s stock worth $1,435,000 after purchasing an additional 148 shares in the last quarter. Altshuler Shaham Ltd raised its holdings in Edison International by 36.6% in the 1st quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 155 shares in the last quarter. Cidel Asset Management Inc. lifted its position in shares of Edison International by 3.0% in the 2nd quarter. Cidel Asset Management Inc. now owns 6,088 shares of the utilities provider’s stock worth $453,000 after purchasing an additional 178 shares during the period. Finally, Paladin Wealth LLC lifted its position in shares of Edison International by 6.3% in the 2nd quarter. Paladin Wealth LLC now owns 3,035 shares of the utilities provider’s stock worth $226,000 after purchasing an additional 181 shares during the period. Institutional investors own 88.95% of the company’s stock.

About Edison International

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International’s history is rooted in Southern California Edison, which traces its origins to the late 19th century.