Edison International (NYSE:EIX) Stock Has Average Target Price of $62.45

Edison International (NYSE:EIX) has received an average recommendation of “Reduce” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $62.45.

A number of research firms have recently issued reports on EIX. JPMorgan Chase & Co. dropped their price target on Edison International from $82.00 to $61.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 2nd. Jefferies Financial Group reissued an “underperform” rating and issued a $42.00 target price (down from $53.00) on shares of Edison International in a report on Friday, October 2nd. Morgan Stanley dropped their target price on Edison International from $65.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, September 18th. UBS Group restated a “neutral” rating and set a $57.00 price target on shares of Edison International in a research note on Thursday, September 24th. Finally, Argus restated a “hold” rating on shares of Edison International in a research note on Wednesday, August 26th.

Edison International Stock Down 0.2%

Shares of Edison International stock opened at $54.28 on Tuesday. The company has a market cap of $20.89 billion, a price-to-earnings ratio of 5.60, a price-to-earnings-growth ratio of 2.19 and a beta of 0.62. The company’s 50 day moving average is $61.92 and its 200 day moving average is $68.95. Edison International has a twelve month low of $51.10 and a twelve month high of $81.62. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95.

Edison International (NYSE:EIX) last issued its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.36. The company had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the company posted $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Research analysts anticipate that Edison International will post 6.13 EPS for the current year.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Wednesday, October 7th will be issued a $0.8775 dividend. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 6.5%. Edison International’s dividend payout ratio (DPR) is presently 36.19%.

Institutional Trading of Edison International

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its holdings in Edison International by 42.6% during the third quarter. Farther Finance Advisors LLC now owns 38,292 shares of the utilities provider’s stock valued at $2,057,000 after buying an additional 11,433 shares during the last quarter. CoreCap Advisors LLC boosted its stake in shares of Edison International by 18.3% during the 3rd quarter. CoreCap Advisors LLC now owns 95,754 shares of the utilities provider’s stock worth $5,145,000 after acquiring an additional 14,795 shares during the last quarter. Gradient Investments LLC grew its position in shares of Edison International by 4.6% during the 3rd quarter. Gradient Investments LLC now owns 262,806 shares of the utilities provider’s stock valued at $14,121,000 after acquiring an additional 11,523 shares during the period. Bank & Trust Co grew its position in shares of Edison International by 14.8% during the 3rd quarter. Bank & Trust Co now owns 7,216 shares of the utilities provider’s stock valued at $388,000 after acquiring an additional 931 shares during the period. Finally, Kwmg LLC grew its position in shares of Edison International by 3.3% during the 3rd quarter. Kwmg LLC now owns 111,577 shares of the utilities provider’s stock valued at $5,995,000 after acquiring an additional 3,556 shares during the period. 88.95% of the stock is currently owned by institutional investors.

About Edison International

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International’s history is rooted in Southern California Edison, which traces its origins to the late 19th century.