Edison International (NYSE:EIX) has been given a consensus recommendation of “Hold” by the fifteen research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $71.27.

Several equities research analysts recently commented on EIX shares. Morgan Stanley boosted their price objective on shares of Edison International from $84.00 to $87.00 and gave the company an “equal weight” rating in a research report on Friday, June 14th. Mizuho boosted their price target on shares of Edison International from $75.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Wells Fargo & Co boosted their price target on shares of Edison International from $65.00 to $75.00 and gave the stock a “market perform” rating in a research report on Monday, April 15th. SunTrust Banks boosted their price target on shares of Edison International to $77.00 and gave the stock a “positive” rating in a research report on Monday, April 15th. Finally, Barclays cut their price target on shares of Edison International from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 14th.

EIX opened at $69.72 on Friday. The company has a market cap of $22.58 billion, a PE ratio of 16.80, a P/E/G ratio of 2.59 and a beta of 0.14. Edison International has a 12 month low of $45.50 and a 12 month high of $71.00. The company has a fifty day moving average of $63.04. 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 (NYSE:EIX) last posted its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $0.63 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.25). The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.78 billion. Edison International had a negative net margin of 1.94% and a positive return on equity of 10.28%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 earnings per share. As a group, equities research analysts predict that Edison International will post 4.72 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 8th will be given a dividend of $0.6125 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $2.45 annualized dividend and a yield of 3.51%. Edison International’s dividend payout ratio (DPR) is presently 59.04%.

A number of large investors have recently modified their holdings of EIX. Norges Bank bought a new stake in Edison International during the 4th quarter worth about $241,133,000. JPMorgan Chase & Co. increased its stake in shares of Edison International by 131.4% during the 1st quarter. JPMorgan Chase & Co. now owns 7,011,057 shares of the utilities provider’s stock worth $434,123,000 after purchasing an additional 3,981,351 shares during the last quarter. FMR LLC increased its stake in shares of Edison International by 97.6% during the 4th quarter. FMR LLC now owns 5,520,041 shares of the utilities provider’s stock worth $313,373,000 after purchasing an additional 2,726,761 shares during the last quarter. Macquarie Group Ltd. increased its stake in shares of Edison International by 11.3% during the 4th quarter. Macquarie Group Ltd. now owns 13,067,013 shares of the utilities provider’s stock worth $741,814,000 after purchasing an additional 1,324,950 shares during the last quarter. Finally, Castle Hook Partners LP acquired a new position in shares of Edison International during the 4th quarter worth about $24,001,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Edison International Company Profile

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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Analyst Recommendations for Edison International (NYSE:EIX)

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