Edison International (NYSE:EIX) Receives Consensus Rating of “Hold” from Brokerages

Edison International (NYSE:EIXGet Rating) has received an average rating of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $71.75.

A number of analysts recently issued reports on the company. Mizuho cut Edison International from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $82.00 to $72.00 in a research report on Tuesday, May 10th. Morgan Stanley reduced their price target on Edison International from $66.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 26th. Wells Fargo & Company boosted their price target on Edison International from $70.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 30th. Citigroup boosted their price target on Edison International from $67.00 to $79.00 in a research report on Wednesday, May 4th. Finally, Royal Bank of Canada boosted their price target on Edison International from $73.00 to $82.00 and gave the stock an “outperform” rating in a research report on Thursday, April 14th.

EIX traded down $0.63 during trading on Friday, reaching $65.22. 45,820 shares of the stock traded hands, compared to its average volume of 2,042,526. The stock has a market cap of $24.84 billion, a price-to-earnings ratio of 42.74, a price-to-earnings-growth ratio of 3.79 and a beta of 0.64. Edison International has a fifty-two week low of $54.14 and a fifty-two week high of $73.32. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.63 and a quick ratio of 0.58. The stock’s 50-day simple moving average is $68.98 and its two-hundred day simple moving average is $65.95.

Edison International (NYSE:EIXGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.33. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.34 billion. Edison International had a return on equity of 12.27% and a net margin of 4.22%. The business’s revenue for the quarter was up 34.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 earnings per share. Research analysts anticipate that Edison International will post 4.45 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, April 30th. Stockholders of record on Thursday, March 31st were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.29%. Edison International’s payout ratio is presently 183.01%.

Several institutional investors have recently bought and sold shares of EIX. Godsey & Gibb Associates bought a new position in Edison International during the first quarter valued at about $25,000. San Luis Wealth Advisors LLC acquired a new position in shares of Edison International in the 1st quarter worth approximately $25,000. Prospera Financial Services Inc acquired a new position in shares of Edison International in the 1st quarter worth approximately $27,000. First Personal Financial Services acquired a new position in Edison International during the 4th quarter worth $26,000. Finally, CVA Family Office LLC lifted its holdings in Edison International by 144.7% during the 1st quarter. CVA Family Office LLC now owns 465 shares of the utilities provider’s stock worth $33,000 after buying an additional 275 shares in the last quarter. Institutional investors and hedge funds own 87.89% of the company’s stock.

About Edison International (Get Rating)

Edison International, through its subsidiaries, generates and distributes electric power. It delivers electricity to 15 million residential, commercial, industrial, public authorities, agricultural, and other customers across Southern, Central, and Coastal California. The company also provides energy solutions to commercial and industrial users.

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