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

Shares of Edison International (NYSE:EIX) have been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $73.50.

Several equities analysts recently weighed in on EIX shares. Mizuho cut their price objective on Edison International from $76.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. Barclays upped their price objective on Edison International from $69.00 to $70.00 and gave the company an “equal weight” rating in a research note on Monday, February 26th. Guggenheim raised Edison International from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $66.00 to $84.00 in a report on Monday, January 22nd. Royal Bank of Canada cut their price target on Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. Finally, StockNews.com upgraded shares of Edison International from a “sell” rating to a “hold” rating in a research report on Saturday, February 24th.

Institutional Trading of Edison International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Able Wealth Management LLC acquired a new position in Edison International in the fourth quarter valued at $25,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Edison International during the 4th quarter valued at approximately $27,000. RVW Wealth LLC purchased a new stake in shares of Edison International during the 3rd quarter valued at approximately $25,000. WASHINGTON TRUST Co lifted its stake in Edison International by 117.4% in the 4th quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 270 shares in the last quarter. Finally, Northwest Financial Advisors purchased a new stake in Edison International in the 4th quarter worth approximately $40,000. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

Edison International stock opened at $70.73 on Monday. The stock has a market cap of $27.21 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 2.34 and a beta of 0.96. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 1.86. The stock has a 50 day moving average of $67.57 and a 200-day moving average of $67.23. Edison International has a 52 week low of $58.82 and a 52 week high of $74.92.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $4.19 billion. Edison International had a return on equity of 12.63% and a net margin of 8.35%. During the same period last year, the company earned $1.14 earnings per share. On average, analysts expect that Edison International will post 4.98 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.41%. Edison International’s payout ratio is presently 100.00%.

Edison International Company Profile

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.