Citigroup set a $87.00 price objective on Edison International (NYSE:EIX) in a research report sent to investors on Tuesday morning. The firm currently has a hold rating on the utilities provider’s stock.

A number of other research analysts also recently weighed in on the company. SunTrust Banks reiterated a buy rating and set a $85.00 price target on shares of Edison International in a report on Thursday, December 7th. Deutsche Bank lowered their price target on Edison International to $78.00 and set a hold rating on the stock in a report on Wednesday, December 6th. Mizuho downgraded Edison International from a buy rating to a neutral rating in a report on Wednesday, December 6th. ValuEngine downgraded Edison International from a buy rating to a hold rating in a report on Tuesday, December 5th. Finally, Bank of America reiterated a buy rating and set a $86.00 price target on shares of Edison International in a report on Tuesday, October 24th. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $82.79.

Shares of Edison International (NYSE EIX) traded down $0.51 during midday trading on Tuesday, hitting $69.29. The company had a trading volume of 4,087,500 shares, compared to its average volume of 1,884,246. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 0.80. The firm has a market cap of $22,741.62, a PE ratio of 15.90, a price-to-earnings-growth ratio of 2.53 and a beta of 0.23. Edison International has a twelve month low of $67.28 and a twelve month high of $83.38.

Edison International (NYSE:EIX) last issued its earnings results on Monday, October 30th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.10. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Edison International had a return on equity of 10.84% and a net margin of 13.18%. The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 EPS. sell-side analysts expect that Edison International will post 4.33 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be paid a $0.605 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.42 dividend on an annualized basis and a yield of 3.49%. This is an increase from Edison International’s previous quarterly dividend of $0.54. Edison International’s payout ratio is 48.98%.

In other Edison International news, insider Ronald L. Litzinger sold 224,718 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $82.00, for a total value of $18,426,876.00. Following the transaction, the insider now owns 14,121 shares in the company, valued at $1,157,922. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.41% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of EIX. HL Financial Services LLC grew its stake in Edison International by 2.7% in the second quarter. HL Financial Services LLC now owns 2,681 shares of the utilities provider’s stock valued at $210,000 after purchasing an additional 70 shares in the last quarter. Global X Management Co. LLC grew its stake in Edison International by 23.9% in the second quarter. Global X Management Co. LLC now owns 9,317 shares of the utilities provider’s stock valued at $728,000 after purchasing an additional 1,796 shares in the last quarter. Wetherby Asset Management Inc. grew its stake in Edison International by 0.3% in the second quarter. Wetherby Asset Management Inc. now owns 3,824 shares of the utilities provider’s stock valued at $299,000 after purchasing an additional 12 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in Edison International by 9.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 72,855 shares of the utilities provider’s stock valued at $5,791,000 after purchasing an additional 6,117 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in Edison International by 3,149.3% in the second quarter. Teacher Retirement System of Texas now owns 109,860 shares of the utilities provider’s stock valued at $8,590,000 after purchasing an additional 106,479 shares in the last quarter. Hedge funds and other institutional investors own 81.36% of the company’s stock.

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About Edison International

Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.

Analyst Recommendations for Edison International (NYSE:EIX)

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