Edison International (NYSE:EIX) Given Consensus Recommendation of “Reduce” by Brokerages

Edison International (NYSE:EIX) has been given a consensus rating of “Reduce” by the fourteen analysts that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $64.4545.

EIX has been the topic of several research reports. Mizuho reissued a “neutral” rating and set a $70.00 price objective (down from $86.00) on shares of Edison International in a report on Monday, August 31st. JPMorgan Chase & Co. dropped their target price on Edison International from $82.00 to $61.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 2nd. Bank of America cut Edison International from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $81.00 to $51.00 in a research note on Tuesday, September 1st. Jefferies Financial Group cut their target price on Edison International from $68.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday. Finally, UBS Group reduced their target price on shares of Edison International from $75.00 to $63.00 and set a “neutral” rating for the company in a report on Tuesday, September 1st.

Institutional Trading of Edison International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Edison International during the 2nd quarter worth approximately $3,340,412,000. Geode Capital Management LLC grew its position in shares of 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 valued at $803,407,000 after purchasing an additional 386,905 shares during the period. Norges Bank purchased a new position in shares of Edison International in the fourth quarter valued at approximately $339,311,000. Goldman Sachs Group Inc. grew its holdings in shares of Edison International by 41.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after buying an additional 1,609,847 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in Edison International during the second quarter worth $329,766,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Stock Up 1.3%

NYSE:EIX opened at $55.52 on Friday. Edison International has a 1-year low of $52.00 and a 1-year high of $81.62. The company has a 50-day moving average of $69.19 and a 200 day moving average of $70.87. The firm has a market cap of $21.37 billion, a PE ratio of 5.72, a price-to-earnings-growth ratio of 2.21 and a beta of 0.62. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61.

Edison International (NYSE:EIX) last posted its earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.36. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter last year, the firm posted $0.97 EPS. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. 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 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were paid a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Tuesday, July 7th. Edison International’s payout ratio is 36.19%.

Edison International Company Profile

Edison International (NYSE: EIX) is a holding company focused on electric power generation, transmission and distribution, as well as clean-energy solutions. Its principal subsidiary, Southern California Edison (SCE), is a regulated electric utility that delivers electricity to residential, commercial, industrial and public-sector customers.

SCE operates one of the largest electric utility systems in the United States, serving communities across central, coastal and Southern California.