Edison International (EIX) Stock Price, News & Analysis

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Edison International in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EIX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EIX, but not buy additional shares or sell existing shares.
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9 Wall Street analysts have issued 1-year target prices for Edison International's shares. Their EIX share price targets range from $53.00 to $86.00. On average, they anticipate the company's share price to reach $73.60 in the next year. This suggests a possible upside of 8.2% from the stock's current price.
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Edison International's stock was trading at $71.49 at the beginning of 2024. Since then, EIX stock has decreased by 4.8% and is now trading at $68.04.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
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Edison International (NYSE:EIX) issued its quarterly earnings data on Thursday, February, 22nd. The utilities provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.12. The utilities provider had revenue of $3.71 billion for the quarter, compared to analysts' expectations of $4.19 billion. Edison International had a net margin of 8.35% and a trailing twelve-month return on equity of 12.63%. During the same quarter last year, the firm earned $1.14 EPS.
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Edison International declared a quarterly dividend on Thursday, February 22nd. Investors of record on Thursday, March 28th will be given a dividend of $0.78 per share on Tuesday, April 30th. This represents a $3.12 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for EIX.

Edison International (NYSE:EIX) pays an annual dividend of $3.12 per share and currently has a dividend yield of 4.60%. EIX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 100.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EIX will have a dividend payout ratio of 55.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EIX.

ETFs with the largest weight of Edison International (NYSE:EIX) stock in their portfolio include Virtus Reaves Utilities ETF (UTES), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Goldman Sachs Bloomberg Clean Energy Equity ETF (GCLN), Utilities Select Sector SPDR Fund (XLU), Sound Equity Dividend Income ETF (DIVY), Sound Equity Income ETF (SDEI) and Invesco S&P Ultra Dividend Revenue ETF (RDIV).

Edison International updated its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share guidance of 4.750-5.050 for the period, compared to the consensus estimate of 5.060. The company issued revenue guidance of -.

2 employees have rated Edison International Chief Executive Officer Pedro J. Pizarro on Glassdoor.com. Pedro J. Pizarro has an approval rating of 100% among the company's employees. This puts Pedro J. Pizarro in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Edison International investors own include Johnson & Johnson (JNJ), AT&T (T), Chevron (CVX), Intel (INTC), Verizon Communications (VZ), Cisco Systems (CSCO), Pfizer (PFE), Procter & Gamble (PG), Home Depot (HD) and Exxon Mobil (XOM).

Edison International's stock is owned by many different retail and institutional investors. Top institutional investors include Douglas Lane & Associates LLC (0.15%), AMF Tjanstepension AB (0.04%), Sound Income Strategies LLC (0.04%), Ausbil Investment Management Ltd (0.04%), Brookstone Capital Management (0.04%) and Kwmg LLC (0.02%). Insiders that own company stock include Caroline Choi, J Andrew Murphy, Peter J Taylor and Vanessa C L Chang.
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Shares of EIX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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