Edison International Announces Quarterly Dividend of $0.88 (NYSE:EIX)

Edison International (NYSE:EIX) declared a quarterly dividend on Wednesday, June 24th. Investors of record on Tuesday, July 7th will be paid a dividend of 0.8775 per share by the utilities provider on Friday, July 31st. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, July 7th.

Edison International has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 23 consecutive years. Edison International has a payout ratio of 57.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Edison International to earn $6.50 per share next year, which means the company should continue to be able to cover its $3.51 annual dividend with an expected future payout ratio of 54.0%.

Edison International Trading Up 1.7%

Shares of EIX stock opened at $74.16 on Thursday. The stock has a 50-day simple moving average of $70.70 and a 200 day simple moving average of $67.81. The stock has a market capitalization of $28.53 billion, a P/E ratio of 8.05, a P/E/G ratio of 1.26 and a beta of 0.67. Edison International has a fifty-two week low of $49.14 and a fifty-two week high of $76.21. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the previous year, the business earned $1.37 earnings per share. Edison International’s revenue for the quarter was up 7.7% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, sell-side analysts expect that Edison International will post 6.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EIX shares. Seaport Research Partners cut shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Wells Fargo & Company reissued an “underweight” rating and set a $62.00 target price on shares of Edison International in a research note on Tuesday, April 21st. Barclays reduced their target price on shares of Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Truist Financial decreased their price target on shares of Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Finally, Bank of America dropped their price target on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $72.64.

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.