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NYSE:EIX

Edison International (EIX) Stock Price, News & Analysis

$70.73
+1.33 (+1.92%)
(As of 04:10 PM ET)
Today's Range
$69.39
$70.84
50-Day Range
$64.41
$70.15
52-Week Range
$58.82
$74.92
Volume
1.90 million shs
Average Volume
2.33 million shs
Market Capitalization
$27.21 billion
P/E Ratio
22.67
Dividend Yield
4.41%
Price Target
$73.50

Edison International MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
4.3% Upside
$73.50 Price Target
Short Interest
Healthy
1.68% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
0.97mentions of Edison International in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.05%
From $4.98 to $5.63 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.49 out of 5 stars

Utilities Sector

21st out of 90 stocks

Electric Services Industry

10th out of 40 stocks

EIX stock logo

About Edison International Stock (NYSE:EIX)

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors. Its transmission facilities consist of lines ranging from 55 kV to 500 kV and approximately 80 transmission substations; distribution system consists of approximately 38,000 circuit-miles of overhead lines; approximately 31,000 circuit-miles of underground lines; and 730 distribution substations. The company was founded in 1886 and is based in Rosemead, California.

EIX Stock Price History

EIX Stock News Headlines

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EIX Oct 2024 55.000 call
EIX Oct 2024 70.000 call
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EIX Jul 2024 80.000 put
Edison International: Raising target to $78
EIX Quantitative Stock Analysis
Edison International (EIX) Receives a Hold from Barclays
S&P Posts Record High as Nvidia Pushes Tech Stocks Higher
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Company Calendar

Ex-Dividend for 1/31 Dividend
12/28/2023
Dividend Payable
1/31/2024
Last Earnings
2/22/2024
Ex-Dividend for 4/30 Dividend
3/27/2024
Today
3/28/2024
Dividend Payable
4/30/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Electric Utilities
CUSIP
28102010
Employees
14,375
Year Founded
1886

Price Target and Rating

Average Stock Price Target
$73.50
High Stock Price Target
$86.00
Low Stock Price Target
$53.00
Potential Upside/Downside
+5.9%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
9 Analysts

Profitability

Net Income
$1.41 billion
Pretax Margin
9.27%

Debt

Sales & Book Value

Annual Sales
$16.34 billion
Cash Flow
$13.17 per share
Book Value
$42.42 per share

Miscellaneous

Free Float
380,718,000
Market Cap
$26.69 billion
Optionable
Optionable
Beta
0.96

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Key Executives

  • Dr. Pedro J. Pizarro (Age 58)
    President, CEO & Director
    Comp: $3.28M
  • Ms. Maria C. Rigatti (Age 60)
    Executive VP & CFO
    Comp: $1.53M
  • Mr. Adam Seth Umanoff J.D. (Age 64)
    Executive VP, General Counsel & Corporate Secretary
    Comp: $1.3M
  • Mr. Steven D. Powell (Age 45)
    President & CEO of SCE
    Comp: $1.33M
  • Ms. Kara Gostenhofer Ryan (Age 41)
    VP, Chief Accounting Officer & Controller
  • Mr. Sam Ramraj
    Vice President of Investor Relations
  • Ms. Marta I. Carreira Slabe
    VP & Chief Ethics & Compliance Officer
  • Ms. Beth M. Foley
    Vice President of Corporate Communications
  • Ms. Natalie K. Schilling (Age 64)
    Senior VP & Chief Human Resources Officer
  • Ms. Alisa Do
    VP & Corporate Secretary

Should I Buy Edison International Stock? EIX Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Edison International was last updated on Monday, March 25, 2024 at 11:54 PM.

Pros

Here are some ways that investors could benefit from investing in Edison International:

  • Edison International has a strong market capitalization of $26.32 billion, indicating stability and potential growth.
  • The company's diversified portfolio of electric generating facilities, including solar, hydro, and natural gas, provides resilience and adaptability in the energy market.
  • Edison International's consistent dividend payments, with a $0.78 quarterly dividend and a 4.56% yield, offer attractive returns to investors.
  • The utilities provider exceeded earnings expectations, reporting $1.28 earnings per share for the quarter, showcasing financial strength and profitability.
  • With a return on equity of 12.63%, Edison International demonstrates efficient utilization of shareholder equity to generate profits.

Cons

Investors should be bearish about investing in Edison International for these reasons:

  • Edison International's revenue for the quarter was below analysts' expectations, indicating potential challenges in revenue generation.
  • The company's debt-to-equity ratio of 1.86 suggests a relatively high level of debt, which may pose risks in a changing economic environment.
  • Edison International's stock price has experienced fluctuations, with a 52-week range between $58.82 and $74.92, potentially leading to volatility in investment returns.
  • The P/E ratio of 22.32 may indicate that the stock is currently overvalued, posing a risk for investors seeking undervalued opportunities.
  • Analysts project a lower EPS of 4.99 for the current year, which could impact investor confidence in the company's future earnings potential.

EIX Stock Analysis - Frequently Asked Questions

Should I buy or sell Edison International stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Edison International in the last year. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.
View EIX analyst ratings
or view top-rated stocks.

What is Edison International's stock price target for 2024?

9 equities research analysts have issued 12-month price targets for Edison International's stock. Their EIX share price targets range from $53.00 to $86.00. On average, they anticipate the company's share price to reach $73.50 in the next year. This suggests a possible upside of 4.3% from the stock's current price.
View analysts price targets for EIX
or view top-rated stocks among Wall Street analysts.

How have EIX shares performed in 2024?

Edison International's stock was trading at $71.49 at the start of the year. Since then, EIX stock has decreased by 1.4% and is now trading at $70.48.
View the best growth stocks for 2024 here
.

Are investors shorting Edison International?

Edison International saw a decrease in short interest in the month of February. As of February 29th, there was short interest totaling 6,160,000 shares, a decrease of 6.1% from the February 14th total of 6,560,000 shares. Based on an average daily trading volume, of 2,430,000 shares, the short-interest ratio is presently 2.5 days.
View Edison International's Short Interest
.

When is Edison International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our EIX earnings forecast
.

How were Edison International's earnings last quarter?

Edison International (NYSE:EIX) issued its quarterly earnings results on Thursday, February, 22nd. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.12. The utilities provider earned $3.71 billion during the quarter, compared to analyst estimates of $4.19 billion. Edison International had a trailing twelve-month return on equity of 12.63% and a net margin of 8.35%. During the same quarter last year, the company earned $1.14 EPS.
Read the conference call transcript
.

How often does Edison International pay dividends? What is the dividend yield for Edison International?

Edison International announced a quarterly dividend on Thursday, February 22nd. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for EIX
.

Is Edison International a good dividend stock?

Edison International (NYSE:EIX) pays an annual dividend of $3.12 per share and currently has a dividend yield of 4.57%. 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 55.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EIX.

What guidance has Edison International issued on next quarter's earnings?

Edison International issued an update on 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 EPS estimate of 5.060. The company issued revenue guidance of -.

What is Pedro J. Pizarro's approval rating as Edison International's CEO?

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.

What other stocks do shareholders of Edison International own?

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).

Who are Edison International's major shareholders?

Edison International's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.18%), Vanguard Group Inc. (12.15%), Capital Research Global Investors (5.21%), Pzena Investment Management LLC (3.47%), Capital International Investors (3.26%) and Wellington Management Group LLP (2.67%). Insiders that own company stock include Caroline Choi, J Andrew Murphy, Peter J Taylor and Vanessa C L Chang.
View institutional ownership trends
.

How do I buy shares of Edison International?

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.
Compare Top Brokerages Here.

Does Edison International have any subsidiaries?
The following companies are subsidiares of Edison International: SoCore Energy, and Southern California Edison Company.
Read More
This page (NYSE:EIX) was last updated on 3/28/2024 by MarketBeat.com Staff

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