Edison International (NYSE:EIX) Reaches New 12-Month High – Here’s Why

Edison International (NYSE:EIX)’s share price hit a new 52-week high on Monday . The company traded as high as $73.95 and last traded at $74.2320, with a volume of 508 shares trading hands. The stock had previously closed at $73.74.

Wall Street Analyst Weigh In

EIX has been the subject of a number of research analyst reports. Wells Fargo & Company cut Edison International from an “equal weight” rating to an “underweight” rating and increased their target price for the company from $56.00 to $59.00 in a report on Tuesday, January 20th. Barclays raised their price objective on Edison International from $67.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. LADENBURG THALM/SH SH raised their price target on shares of Edison International from $52.50 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Finally, TD Cowen upped their price objective on shares of Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $67.70.

Edison International Stock Performance

The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.68. The company has a market cap of $28.38 billion, a price-to-earnings ratio of 6.39, a PEG ratio of 1.19 and a beta of 0.82. The firm has a 50 day simple moving average of $62.60 and a 200-day simple moving average of $58.45.

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, topping analysts’ consensus estimates of $1.47 by $0.40. The business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Edison International had a return on equity of 14.87% and a net margin of 24.34%.During the same period in the prior year, the business posted $1.05 EPS. 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, analysts predict that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th will be issued a $0.8775 dividend. This represents a $3.51 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Tuesday, April 7th. Edison International’s dividend payout ratio is currently 30.36%.

Institutional Trading of Edison International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of Edison International by 5.3% in the 4th quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider’s stock valued at $190,000 after buying an additional 159 shares during the period. LVW Advisors LLC grew its position in Edison International by 4.6% in the 4th quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock valued at $254,000 after acquiring an additional 186 shares in the last quarter. Huntington National Bank increased its stake in Edison International by 6.2% during the fourth quarter. Huntington National Bank now owns 3,351 shares of the utilities provider’s stock worth $201,000 after purchasing an additional 196 shares during the period. Diligent Investors LLC lifted its position in shares of Edison International by 1.5% during the third quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock worth $768,000 after purchasing an additional 201 shares in the last quarter. Finally, MAI Capital Management boosted its stake in shares of Edison International by 20.8% in the second 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. Hedge funds and other institutional investors own 88.95% of the company’s stock.

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.