Edison International (NYSE:EIX) Receives $63.50 Average Price Target from Analysts

Edison International (NYSE:EIX) has received a consensus rating of “Hold” from the sixteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $63.50.

Several brokerages have recently issued reports on EIX. LADENBURG THALM/SH SH lifted their price target on Edison International from $52.50 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. lowered their target price on Edison International from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, December 12th. Zacks Research downgraded shares of Edison International from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. UBS Group lifted their price objective on shares of Edison International from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Finally, Wells Fargo & Company upgraded shares of Edison International to a “hold” rating in a report on Tuesday, October 28th.

Insider Buying and Selling

In other Edison International news, Director Peter J. Taylor sold 1,800 shares of Edison International stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $55.27, for a total transaction of $99,486.00. Following the transaction, the director directly owned 35,212 shares in the company, valued at approximately $1,946,167.24. The trade was a 4.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Edison International

Several hedge funds and other institutional investors have recently modified their holdings of EIX. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its position in Edison International by 2.7% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 7,422 shares of the utilities provider’s stock valued at $383,000 after buying an additional 196 shares during the period. Kentucky Trust Co grew its stake in Edison International by 66.7% during the 2nd quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Diligent Investors LLC increased its holdings in shares of Edison International by 1.5% in the 3rd quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock valued at $768,000 after purchasing an additional 201 shares during the period. MAI Capital Management increased its holdings in shares of Edison International by 20.8% in the 2nd quarter. MAI Capital Management now owns 1,172 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 202 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after purchasing an additional 211 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Performance

EIX opened at $60.96 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 1.95. The business’s 50 day moving average is $58.63 and its 200-day moving average is $55.80. The stock has a market cap of $23.46 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 0.89 and a beta of 0.83. Edison International has a twelve month low of $47.73 and a twelve month high of $70.50.

Edison International (NYSE:EIX) last released its earnings results on Tuesday, October 28th. The utilities provider reported $2.34 EPS for the quarter, beating the consensus estimate of $2.16 by $0.18. Edison International had a net margin of 17.24% and a return on equity of 13.62%. The firm had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.31 billion. During the same quarter last year, the company earned $1.51 EPS. Edison International’s quarterly revenue was up 10.6% on a year-over-year basis. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. On average, analysts predict that Edison International will post 4.95 earnings per share for the current year.

Edison International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Wednesday, January 7th will be paid a dividend of $0.8775 per share. This is a boost from Edison International’s previous quarterly dividend of $0.83. This represents a $3.51 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Wednesday, January 7th. Edison International’s payout ratio is currently 45.88%.

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.