Edison International (NYSE:EIX) Given New $78.00 Price Target at Bank of America

Edison International (NYSE:EIX) had its price target reduced by Bank of America from $80.00 to $78.00 in a research note published on Monday,Benzinga reports. Bank of America currently has a buy rating on the utilities provider’s stock.

Other equities research analysts have also issued research reports about the company. Seaport Research Partners lowered Edison International from a “buy” rating to a “neutral” rating in a report on Monday. LADENBURG THALM/SH SH reissued a “sell” rating and issued a $63.00 price objective on shares of Edison International in a report on Thursday, March 5th. UBS Group lowered 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 report on Friday, February 13th. Weiss Ratings raised Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 15th. Finally, Wells Fargo & Company lowered Edison International from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $56.00 to $59.00 in a report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Edison International has an average rating of “Hold” and a consensus price target of $71.36.

Edison International Trading Down 0.3%

Shares of EIX opened at $70.57 on Monday. The business has a 50-day moving average of $72.16 and a 200 day moving average of $63.44. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $76.21. The firm has a market cap of $27.16 billion, a P/E ratio of 6.10, a price-to-earnings-growth ratio of 1.15 and a beta of 0.77. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.68 and a current ratio of 0.73.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.40. Edison International had a return on equity of 14.87% and a net margin of 24.34%.The company had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the firm posted $1.05 EPS. 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. As a group, research analysts forecast that Edison International will post 6.14 EPS for the current year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be issued a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, April 7th. Edison International’s payout ratio is presently 30.36%.

Insiders Place Their Bets

In other Edison International news, Director Peter J. Taylor sold 500 shares of Edison International stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $75.30, for a total transaction of $37,650.00. Following the completion of the transaction, the director owned 34,212 shares of the company’s stock, valued at $2,576,163.60. The trade was a 1.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. 10Elms LLP purchased a new position in shares of Edison International during the fourth quarter worth about $26,000. Transamerica Financial Advisors LLC grew its holdings in shares of Edison International by 170.3% during 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 in the last quarter. Activest Wealth Management grew its holdings in shares of Edison International by 677.8% during 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 in the last quarter. CVA Family Office LLC grew its holdings in shares of Edison International by 113.7% during 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 in the last quarter. Finally, Ransom Advisory Ltd grew its holdings in shares of Edison International by 74.9% during 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 in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

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.