Edison International (NYSE:EIX) Receives Consensus Recommendation of “Hold” from Analysts

Edison International (NYSE:EIX) has been assigned a consensus rating of “Hold” from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $72.6364.

A number of brokerages recently weighed in on EIX. Truist Financial decreased their price objective on Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Morgan Stanley restated an “underweight” rating on shares of Edison International in a research note on Wednesday. LADENBURG THALM/SH SH restated a “sell” rating and set a $63.00 price objective on shares of Edison International in a research note on Thursday, March 5th. JPMorgan Chase & Co. upped their price objective on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Finally, Seaport Research Partners cut Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th.

Insider Buying and Selling at Edison International

In related news, Director Peter J. Taylor sold 500 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 34,212 shares in the company, valued at $2,576,163.60. This represents a 1.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Edison International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Groupe la Francaise purchased a new stake in Edison International in the first quarter valued at about $29,000. 10Elms LLP purchased a new stake in Edison International in the fourth quarter valued at about $26,000. Transamerica Financial Advisors LLC raised its stake in Edison International by 170.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock valued at $27,000 after buying an additional 281 shares during the last quarter. Altshuler Shaham Ltd raised its stake in Edison International by 36.6% in the first quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock valued at $42,000 after buying an additional 155 shares during the last quarter. Finally, Ransom Advisory Ltd raised its stake in Edison International by 74.9% in the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after buying an additional 259 shares during the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Edison International Stock Up 1.1%

NYSE:EIX opened at $75.58 on Friday. Edison International has a 1-year low of $49.14 and a 1-year high of $76.21. The company has a 50-day moving average of $70.83 and a 200 day moving average of $67.98. The firm has a market cap of $29.08 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68.

Edison International (NYSE:EIX) last issued 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. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business 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 6.12 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 7th will be paid a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, July 7th. Edison International’s dividend payout ratio is 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.