Edison International (NYSE:EIX) Receives Average Rating of “Hold” from Brokerages

Edison International (NYSE:EIX) has earned a consensus rating of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $72.6364.

A number of equities analysts recently issued reports on EIX shares. Weiss Ratings restated a “buy (b-)” rating on shares of Edison International in a report on Monday, July 13th. Bank of America reduced their target price on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Wells Fargo & Company reiterated an “underweight” rating and set a $62.00 target price on shares of Edison International in a research report on Tuesday, April 21st. Truist Financial lowered their target price on shares of Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Finally, Seaport Research Partners cut shares of Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th.

Edison International Stock Up 2.9%

Shares of NYSE EIX opened at $80.45 on Thursday. Edison International has a 1 year low of $51.01 and a 1 year high of $80.90. The firm has a 50-day simple moving average of $73.18 and a two-hundred day simple moving average of $70.19. The company has a market cap of $30.96 billion, a P/E ratio of 8.74, a PEG ratio of 6.07 and a beta of 0.66. 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 released its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the prior year, the firm posted $1.37 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Research analysts anticipate that Edison International will post 6.13 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th will be given a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, July 7th. Edison International’s payout ratio is 38.11%.

Hedge Funds Weigh In On Edison International

A number of hedge funds have recently added to or reduced their stakes in EIX. Vanguard Group Inc. increased its position in shares of Edison International by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 52,220,399 shares of the utilities provider’s stock worth $3,134,268,000 after acquiring an additional 480,726 shares during the period. State Street Corp boosted its holdings in shares of Edison International by 3.0% in the fourth quarter. State Street Corp now owns 33,141,204 shares of the utilities provider’s stock valued at $1,989,135,000 after purchasing an additional 953,800 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Edison International by 69.9% in the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after purchasing an additional 7,521,168 shares during the period. Geode Capital Management LLC grew its stake in Edison International by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock worth $803,407,000 after purchasing an additional 386,905 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Edison International by 12.3% in the fourth quarter. Northern Trust Corp now owns 6,070,324 shares of the utilities provider’s stock worth $364,341,000 after purchasing an additional 662,477 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors.

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.