Edison International’s (EIX) “Sell” Rating Reiterated at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH reaffirmed their sell rating on shares of Edison International (NYSE:EIX) in a report released on Thursday morning, Marketbeat Ratings reports. LADENBURG THALM/SH SH currently has a $63.00 target price on the utilities provider’s stock.

Several other equities analysts have also recently issued reports on EIX. Morgan Stanley reiterated an “underweight” rating on shares of Edison International in a research report on Friday, February 20th. Mizuho set a $79.00 price objective on Edison International in a research report on Thursday, February 19th. Wall Street Zen downgraded Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. TD Cowen increased their target price on Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, Barclays lifted their price target on Edison International from $67.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Edison International currently has a consensus rating of “Hold” and a consensus price target of $68.56.

Edison International Price Performance

Shares of Edison International stock opened at $71.80 on Thursday. The business has a 50 day moving average of $65.43 and a 200 day moving average of $59.71. Edison International has a 52 week low of $47.73 and a 52 week high of $75.50. The company has a market cap of $27.63 billion, a PE ratio of 6.21, a P/E/G ratio of 1.17 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 (NYSE:EIX) last released its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.40. Edison International had a net margin of 24.34% and a return on equity of 14.87%. The business had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the previous year, the business 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. As a group, equities research analysts forecast that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be paid a dividend of $0.8775 per share. The ex-dividend date is Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.9%. Edison International’s payout ratio is presently 30.36%.

Institutional Investors Weigh In On Edison International

A number of institutional investors have recently modified their holdings of EIX. Hsbc Holdings PLC raised its holdings in shares of Edison International by 2.2% during the fourth quarter. Hsbc Holdings PLC now owns 3,102,735 shares of the utilities provider’s stock valued at $186,305,000 after purchasing an additional 66,680 shares during the last quarter. Clearwave Capital LLC purchased a new stake in Edison International in the fourth quarter worth approximately $1,030,000. Wick Capital Partners LLC purchased a new stake in Edison International in the fourth quarter worth approximately $436,000. DGS Capital Management LLC bought a new stake in Edison International in the 4th quarter worth approximately $361,000. Finally, Astoria Portfolio Advisors LLC. bought a new stake in Edison International in the 4th quarter worth approximately $199,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

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.