Edison International (NYSE:EIX) Sets New 12-Month High – Should You Buy?

Edison International (NYSE:EIX)’s stock price hit a new 52-week high on Thursday . The company traded as high as $76.21 and last traded at $76.0990, with a volume of 338655 shares. The stock had previously closed at $74.35.

Wall Street Analyst Weigh In

EIX has been the subject of a number of analyst reports. Wall Street Zen cut Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Wells Fargo & Company lowered Edison International from an “equal weight” rating to an “underweight” rating and lifted their price objective for the stock from $56.00 to $59.00 in a research note on Tuesday, January 20th. Mizuho set a $79.00 price objective on Edison International in a research note on Thursday, February 19th. Morgan Stanley reiterated an “underweight” rating on shares of Edison International in a research note on Friday, February 20th. Finally, UBS Group lowered Edison International from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $70.00 to $78.00 in a research note on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Edison International currently has an average rating of “Hold” and a consensus target price of $69.44.

Edison International Stock Up 2.3%

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 business has a 50 day moving average price of $70.58 and a 200 day moving average price of $62.40. The firm has a market capitalization of $29.29 billion, a P/E ratio of 6.58, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.40. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates 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 previous year, the company posted $1.05 earnings per share. 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. On average, analysts predict that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th will be paid a $0.8775 dividend. The ex-dividend date is Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.6%. Edison International’s payout ratio is presently 30.36%.

Institutional Investors Weigh In On Edison International

Institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its position in Edison International by 169.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,843 shares of the utilities provider’s stock worth $6,901,000 after buying an additional 78,531 shares in the last quarter. Versor Investments LP grew its position in Edison International by 55.0% during the third quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock worth $2,865,000 after buying an additional 18,381 shares in the last quarter. Nordea Investment Management AB grew its position in Edison International by 1.7% during the third quarter. Nordea Investment Management AB now owns 1,695,550 shares of the utilities provider’s stock worth $92,984,000 after buying an additional 28,586 shares in the last quarter. Convergence Investment Partners LLC grew its position in Edison International by 67.6% during the third quarter. Convergence Investment Partners LLC now owns 27,017 shares of the utilities provider’s stock worth $1,494,000 after buying an additional 10,901 shares in the last quarter. Finally, Krilogy Financial LLC grew its position in Edison International by 141.8% during the third quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock worth $1,705,000 after buying an additional 17,616 shares in the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

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.