Edison International (NYSE:EIX) has received an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $70.25.
A number of research analysts recently issued reports on EIX shares. Zacks Investment Research downgraded shares of Edison International from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Morgan Stanley lifted their price target on shares of Edison International from $76.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 12th. Wells Fargo & Co downgraded shares of Edison International from an “outperform” rating to a “market perform” rating and set a $65.00 price target for the company. in a research note on Monday, February 11th. SunTrust Banks lifted their price target on shares of Edison International to $77.00 and gave the stock a “positive” rating in a research note on Monday, April 15th. Finally, Barclays decreased their price target on shares of Edison International from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday.
NYSE EIX opened at $60.01 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 1.23. Edison International has a one year low of $45.50 and a one year high of $71.00. The company has a market capitalization of $19.60 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 2.49 and a beta of -0.05.
Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.25). Edison International had a negative net margin of 1.94% and a positive return on equity of 10.28%. The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the previous year, the business posted $0.80 EPS. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities research analysts anticipate that Edison International will post 4.37 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th were issued a $0.6125 dividend. The ex-dividend date was Thursday, March 28th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.08%. Edison International’s payout ratio is 59.04%.
Several institutional investors have recently made changes to their positions in EIX. Enlightenment Research LLC acquired a new position in shares of Edison International in the 4th quarter valued at $28,000. Essex Investment Management Co. LLC acquired a new position in Edison International in the 4th quarter valued at $28,000. Liberty Wealth Management LLC acquired a new position in Edison International in the 4th quarter valued at $29,000. Rehmann Capital Advisory Group increased its stake in Edison International by 57.2% in the 4th quarter. Rehmann Capital Advisory Group now owns 547 shares of the utilities provider’s stock valued at $31,000 after buying an additional 199 shares during the period. Finally, Karp Capital Management Corp acquired a new position in Edison International in the 4th quarter valued at $32,000. 84.66% of the stock is currently owned by institutional investors and hedge funds.
About Edison International
Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.
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