Edison International (NYSE:EIX) Given Consensus Rating of “Hold” by Analysts

Edison International (NYSE:EIX) has been given a consensus recommendation of “Hold” by the twelve brokerages that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $72.6364.

EIX has been the topic of several analyst reports. Weiss Ratings upgraded shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 15th. Wells Fargo & Company reiterated an “underweight” rating and set a $62.00 price objective on shares of Edison International in a research report on Tuesday, April 21st. Seaport Research Partners cut Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Barclays decreased their price target on shares of Edison International from $78.00 to $77.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Finally, Truist Financial reduced their target price on shares of Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a report on Monday, May 18th.

Insider Buying and Selling

In other Edison International news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $75.30, for a total transaction of $37,650.00. Following the sale, the director directly owned 34,212 shares of the company’s stock, valued at $2,576,163.60. The trade was a 1.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Edison International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EIX. Equitable Trust Co. raised its holdings in Edison International by 0.8% during the first quarter. Equitable Trust Co. now owns 19,616 shares of the utilities provider’s stock valued at $1,435,000 after buying an additional 148 shares in the last quarter. Altshuler Shaham Ltd boosted its stake in shares of Edison International by 36.6% during the 1st quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 155 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Edison International by 5.3% during the 4th quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider’s stock valued at $190,000 after acquiring an additional 159 shares during the last quarter. Basecamp Wealth Advisors LLC increased its holdings in shares of Edison International by 18.1% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,190 shares of the utilities provider’s stock valued at $87,000 after acquiring an additional 182 shares during the last quarter. Finally, LVW Advisors LLC increased its holdings in shares of Edison International by 4.6% during the 4th quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock valued at $254,000 after acquiring an additional 186 shares during the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Edison International Stock Up 2.9%

EIX stock opened at $75.63 on Friday. Edison International has a twelve month low of $49.14 and a twelve month 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. The business has a 50 day moving average of $71.16 and a 200 day moving average of $68.55. The firm has a market cap of $29.10 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 1.27 and a beta of 0.66.

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

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 7th will be given a $0.8775 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 4.6%. Edison International’s dividend payout ratio (DPR) is currently 38.11%.

About Edison International

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.