Edison International (NYSE:EIX) Given Consensus Rating of “Hold” by Brokerages

Edison International (NYSE:EIX) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $73.60.

A number of research firms have weighed in on EIX. Guggenheim raised Edison International from a “neutral” rating to a “buy” rating and lifted their target price for the company from $66.00 to $84.00 in a report on Monday, January 22nd. TheStreet lowered shares of Edison International from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Barclays increased their target price on shares of Edison International from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. Mizuho reduced their price target on shares of Edison International from $76.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. Finally, The Goldman Sachs Group assumed coverage on Edison International in a report on Wednesday, April 10th. They issued a “neutral” rating and a $78.00 price target on the stock.

Hedge Funds Weigh In On Edison International

A number of large investors have recently modified their holdings of EIX. RVW Wealth LLC bought a new position in Edison International during the third quarter valued at approximately $25,000. Able Wealth Management LLC purchased a new position in Edison International in the 4th quarter worth $25,000. Bruce G. Allen Investments LLC bought a new stake in Edison International in the fourth quarter worth $27,000. Global Trust Asset Management LLC purchased a new stake in Edison International during the first quarter valued at about $28,000. Finally, WASHINGTON TRUST Co grew its stake in shares of Edison International by 117.4% during the fourth quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider’s stock valued at $36,000 after buying an additional 270 shares during the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Stock Up 0.1 %

EIX opened at $68.13 on Friday. Edison International has a 12 month low of $58.82 and a 12 month high of $74.92. The company has a market cap of $26.21 billion, a PE ratio of 21.84 and a beta of 0.96. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 1.86. The company has a 50 day moving average of $68.36 and a 200 day moving average of $67.32.

Edison International (NYSE:EIX) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.12. The firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $4.19 billion. Edison International had a return on equity of 12.63% and a net margin of 8.35%. During the same quarter in the prior year, the business posted $1.14 earnings per share. On average, sell-side analysts expect that Edison International will post 5.01 EPS for the current year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Wednesday, March 27th. Edison International’s payout ratio is currently 100.00%.

About Edison International

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.