Edison International (NYSE:EIX) Receives $72.82 Average PT from Analysts

Shares of Edison International (NYSE:EIX) have received an average rating of “Hold” from the fourteen brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $72.8182.

Several equities research analysts have weighed in on the company. Wells Fargo & Company reiterated an “underweight” rating and issued a $62.00 target price on shares of Edison International in a report on Tuesday, April 21st. Truist Financial assumed coverage on Edison International in a report on Monday, April 20th. They issued a “hold” rating and a $82.00 target price for the company. Jefferies Financial Group lowered their target price on Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. UBS Group cut Edison International from a “buy” rating to a “neutral” rating and upped their target price for the stock from $70.00 to $78.00 in a report on Friday, February 13th. Finally, Bank of America lowered their target price on Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Monday, April 20th.

Insider Activity at Edison International

In related news, Director Peter J. Taylor sold 500 shares of the company’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $75.30, for a total transaction of $37,650.00. Following the transaction, the director directly owned 34,212 shares of the company’s stock, valued at $2,576,163.60. This represents a 1.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its stake in shares of Edison International by 112.9% in the first quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock worth $577,000 after buying an additional 5,190 shares during the last quarter. Empowered Funds LLC raised its position in shares of Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after acquiring an additional 211 shares during the period. Woodline Partners LP raised its position in shares of Edison International by 40.7% in the first quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock worth $1,927,000 after acquiring an additional 9,459 shares during the period. Sivia Capital Partners LLC raised its position in shares of Edison International by 153.6% in the second quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock worth $451,000 after acquiring an additional 5,290 shares during the period. Finally, Baird Financial Group Inc. acquired a new position in shares of Edison International in the second quarter worth about $302,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Stock Performance

NYSE EIX opened at $70.64 on Friday. The company has a market cap of $27.18 billion, a P/E ratio of 7.67, a P/E/G ratio of 1.23 and a beta of 0.68. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. The business’s 50 day moving average price is $71.35 and its 200-day moving average price is $64.90. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $76.21.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (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 company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the previous year, the business earned $1.37 EPS. Edison International’s revenue 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. Sell-side analysts predict that Edison International will post 6.12 earnings per share for the current year.

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th were given a $0.8775 dividend. This represents a $3.51 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Tuesday, April 7th. Edison International’s payout ratio is presently 38.11%.

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.