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

Shares of Edison International (NYSE:EIX) have received an average rating of “Hold” from the twelve research firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $69.4444.

A number of research firms have weighed in on EIX. UBS Group cut shares of Edison International from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $70.00 to $78.00 in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research note on Monday, December 29th. Zacks Research cut shares of Edison International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Wells Fargo & Company cut shares of Edison International from an “equal weight” rating to an “underweight” rating and boosted their target price for the stock from $56.00 to $59.00 in a research note on Tuesday, January 20th. Finally, TD Cowen boosted their target price on shares of Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 20th.

Institutional Trading of Edison International

Institutional investors have recently modified their holdings of the business. 10Elms LLP bought a new stake in shares of Edison International in the fourth quarter worth $26,000. Transamerica Financial Advisors LLC grew its stake in shares of Edison International by 170.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 281 shares during the last quarter. Activest Wealth Management grew its stake in shares of Edison International by 677.8% in the third quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 488 shares during the last quarter. CVA Family Office LLC grew its stake in shares of Edison International by 113.7% in the third quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 307 shares during the last quarter. Finally, Ransom Advisory Ltd grew its stake in shares of Edison International by 74.9% in the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 259 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Down 4.4%

Shares of EIX opened at $72.41 on Tuesday. Edison International has a one year low of $47.73 and a one year high of $76.21. The company has a market cap of $27.87 billion, a P/E ratio of 6.26, a P/E/G ratio of 1.23 and a beta of 0.77. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.68. The firm has a 50 day simple moving average of $71.35 and a two-hundred day simple moving average of $62.87.

Edison International (NYSE:EIX) last posted its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.40. The firm had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Edison International had a net margin of 24.34% and a return on equity of 14.87%. During the same quarter in the previous year, the firm 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. Research analysts forecast that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

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

About Edison International

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.