Edison International (NYSE:EIX) Price Target Raised to $74.00 at JPMorgan Chase & Co.

Edison International (NYSE:EIX) had its price target boosted by JPMorgan Chase & Co. from $66.00 to $74.00 in a research report report published on Wednesday,Benzinga reports. They currently have a neutral rating on the utilities provider’s stock.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley reissued an “underweight” rating on shares of Edison International in a research report on Friday, February 20th. Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. UBS Group lowered shares of Edison International from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $70.00 to $78.00 in a research report on Friday, February 13th. Jefferies Financial Group lowered their price target on shares of Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. Finally, LADENBURG THALM/SH SH reiterated a “sell” rating and issued a $63.00 price objective on shares of Edison International in a research note on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Edison International currently has an average rating of “Hold” and an average price target of $69.44.

Edison International Stock Down 0.4%

EIX stock opened at $72.65 on Wednesday. The firm has a market capitalization of $27.96 billion, a PE ratio of 6.28, a P/E/G ratio of 1.18 and a beta of 0.79. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. Edison International has a twelve month low of $47.73 and a twelve month high of $75.50. The stock’s 50 day moving average is $67.29 and its 200-day moving average is $60.64.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.40. The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.29 billion. Edison International had a return on equity of 14.87% and a net margin of 24.34%.During the same quarter in the prior year, the company posted $1.05 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. Sell-side analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be issued a dividend of $0.8775 per share. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.8%. Edison International’s dividend payout ratio is 30.36%.

Institutional Investors Weigh In On Edison International

Several hedge funds and other institutional investors have recently modified their holdings of EIX. Jones Financial Companies Lllp grew its position in shares of Edison International by 112.9% during the 1st quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock valued at $577,000 after purchasing an additional 5,190 shares in the last quarter. Empowered Funds LLC grew its position in Edison International by 2.4% during the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after buying an additional 211 shares in the last quarter. Woodline Partners LP increased its stake in Edison International by 40.7% in the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock worth $1,927,000 after acquiring an additional 9,459 shares during the last quarter. Sivia Capital Partners LLC increased its stake in Edison International by 153.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock worth $451,000 after acquiring an additional 5,290 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Edison International by 1.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 54,537 shares of the utilities provider’s stock valued at $2,814,000 after acquiring an additional 783 shares in the last quarter. 88.95% of the stock is currently owned by 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.