Edison International’s (EIX) Hold Rating Reiterated at Argus

Argus restated their hold rating on shares of Edison International (NYSE:EIX) in a research note released on Wednesday, Marketbeat reports.

Several other research firms have also issued reports on EIX. Barclays reissued an “equal weight” rating and issued a $75.00 price target (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. JPMorgan Chase & Co. raised their price objective on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Mizuho lifted their price objective on shares of Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Morgan Stanley lowered their target price on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating on the stock in a report on Friday, August 21st. Finally, Weiss Ratings cut shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $72.45.

Edison International Trading Down 4.9%

Shares of EIX opened at $70.09 on Wednesday. The business has a 50-day moving average of $74.30 and a 200 day moving average of $72.35. Edison International has a fifty-two week low of $52.00 and a fifty-two week high of $81.62. The firm has a market cap of $26.97 billion, a P/E ratio of 7.23, a price-to-earnings-growth ratio of 5.72 and a beta of 0.66. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66.

Edison International (NYSE:EIX) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, beating the consensus estimate of $1.18 by $0.36. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The company’s revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, research analysts forecast that Edison International will post 6.13 EPS for the current year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were given a dividend of $0.8775 per share. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 annualized dividend and a dividend yield of 5.0%. Edison International’s dividend payout ratio is currently 36.19%.

Institutional Investors Weigh In On Edison International

A number of institutional investors and hedge funds have recently modified their holdings of EIX. California State Teachers Retirement System grew its stake in Edison International by 7,943.7% during the second quarter. California State Teachers Retirement System now owns 54,771,153 shares of the utilities provider’s stock valued at $4,077,712,000 after acquiring an additional 54,090,230 shares in the last quarter. BlackRock Inc. purchased a new stake in Edison International in the 2nd quarter worth approximately $3,340,412,000. AQR Capital Management LLC lifted its stake in Edison International by 69.9% in the 4th quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock worth $1,097,475,000 after purchasing an additional 7,521,168 shares in the last quarter. Norges Bank bought a new position in Edison International in the 4th quarter valued at $339,311,000. Finally, Legal & General Group Plc bought a new position in Edison International in the 2nd quarter valued at $329,766,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

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.