Edison International (NYSE:EIX) Sets New 12-Month High – Should You Buy?

Edison International (NYSE:EIX) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $76.21 and last traded at $76.0990, with a volume of 338655 shares. The stock had previously closed at $74.35.

Analyst Upgrades and Downgrades

EIX has been the subject of several analyst reports. Wells Fargo & Company downgraded Edison International from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $56.00 to $59.00 in a research report on Tuesday, January 20th. UBS Group downgraded Edison International from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $70.00 to $78.00 in a research report on Friday, February 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Edison International in a research report on Monday, December 29th. TD Cowen boosted their price objective on Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Edison International in a research report on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.44.

Edison International Trading Up 2.3%

The business has a 50 day simple moving average of $70.58 and a 200-day simple moving average of $62.40. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.68 and a current ratio of 0.73. The stock has a market capitalization of $29.29 billion, a P/E ratio of 6.58, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.47 by $0.40. Edison International had a net margin of 24.34% and a return on equity of 14.87%. The firm had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the previous year, the business earned $1.05 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. On average, analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be given a $0.8775 dividend. The ex-dividend date is Tuesday, April 7th. This represents a $3.51 annualized dividend and a yield of 4.6%. Edison International’s payout ratio is 30.36%.

Institutional Investors Weigh In On Edison International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Edison International by 169.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,843 shares of the utilities provider’s stock worth $6,901,000 after buying an additional 78,531 shares during the last quarter. Versor Investments LP lifted its position in shares of Edison International by 55.0% in the third quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock worth $2,865,000 after buying an additional 18,381 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Edison International by 1.7% in the third quarter. Nordea Investment Management AB now owns 1,695,550 shares of the utilities provider’s stock worth $92,984,000 after buying an additional 28,586 shares during the last quarter. Convergence Investment Partners LLC lifted its position in shares of Edison International by 67.6% in the third quarter. Convergence Investment Partners LLC now owns 27,017 shares of the utilities provider’s stock worth $1,494,000 after buying an additional 10,901 shares during the last quarter. Finally, Krilogy Financial LLC lifted its position in shares of Edison International by 141.8% in the third quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock worth $1,705,000 after buying an additional 17,616 shares during 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.