Edison International (EIX) Receives News Sentiment Score of 0.13
News articles about Edison International (NYSE:EIX) have trended somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Edison International earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 44.9889287304071 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Head-To-Head Comparison: Pampa Energia (PAM) vs. Edison International (EIX) (americanbankingnews.com)
- Southern California Edison Sued Over Los Angeles-Area Wildfires (finance.yahoo.com)
- Some hot names on Wall Street: Genworth Financial, Inc. (GNW), Edison International (EIX) – Market Movers (financialqz.com)
- Technicals in Focus – Edison International (NYSE: EIX) – Alpha Beta Stock (alphabetastock.com)
- Turning Focus Towards Nucor Corporation (NUE) and Edison International (EIX) Technicals – Market Movers (financialqz.com)
Several brokerages recently weighed in on EIX. ValuEngine raised shares of Edison International from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Royal Bank of Canada reissued a “buy” rating and set a $84.00 price target on shares of Edison International in a research report on Sunday, September 17th. Bank of America reissued a “buy” rating and set a $86.00 price target on shares of Edison International in a research report on Tuesday, October 24th. SunTrust Banks reissued a “buy” rating and set a $89.00 price target on shares of Edison International in a research report on Monday, October 30th. Finally, Citigroup raised their price target on shares of Edison International from $84.00 to $87.00 and gave the company a “neutral” rating in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $81.64.
Edison International (NYSE:EIX) last posted its earnings results on Monday, October 30th. The utilities provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. Edison International had a net margin of 13.18% and a return on equity of 10.84%. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the previous year, the firm posted $1.29 EPS. The firm’s revenue was down 2.5% on a year-over-year basis. equities analysts predict that Edison International will post 4.33 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be given a $0.605 dividend. This represents a $2.42 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Thursday, December 28th. This is an increase from Edison International’s previous quarterly dividend of $0.54. Edison International’s payout ratio is 55.25%.
In other Edison International news, insider Ronald L. Litzinger sold 224,718 shares of Edison International stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $82.00, for a total value of $18,426,876.00. Following the completion of the sale, the insider now owns 14,121 shares of the company’s stock, valued at approximately $1,157,922. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.41% of the company’s stock.
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.
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