Edison International (NYSE:EIX) Receives $65.25 Consensus Target Price from Brokerages

Edison International (NYSE:EIX) has been given a consensus recommendation of “Hold” by the fifteen brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $66.45.

EIX has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Edison International from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Morgan Stanley upped their target price on shares of Edison International from $60.00 to $66.00 and gave the company an “underweight” rating in a research note on Wednesday. UBS Group decreased their target price on shares of Edison International from $68.00 to $66.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Barclays upped their target price on shares of Edison International from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, TD Cowen began coverage on shares of Edison International in a research note on Thursday, October 16th. They issued a “buy” rating and a $71.00 target price for the company.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its stake in Edison International by 2.7% during the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 7,422 shares of the utilities provider’s stock valued at $383,000 after acquiring an additional 196 shares during the last quarter. Kentucky Trust Co lifted its position in shares of Edison International by 66.7% in the 2nd quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock worth $26,000 after buying an additional 200 shares during the last quarter. MAI Capital Management lifted its position 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 worth $60,000 after buying an additional 202 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Edison International by 2.4% in the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after buying an additional 211 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Edison International by 0.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 73,809 shares of the utilities provider’s stock worth $3,818,000 after buying an additional 213 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

Edison International Price Performance

Edison International stock opened at $57.76 on Tuesday. Edison International has a 52-week low of $47.73 and a 52-week high of $88.64. The firm has a fifty day moving average of $55.40 and a 200-day moving average of $54.48. The firm has a market capitalization of $22.23 billion, a P/E ratio of 8.48, a PEG ratio of 0.87 and a beta of 0.80. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 2.03.

Edison International (NYSE:EIX) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.09. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The company had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the prior year, the business earned $1.23 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. As a group, analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th will be paid a $0.8275 dividend. The ex-dividend date is Tuesday, October 7th. This represents a $3.31 annualized dividend and a dividend yield of 5.7%. Edison International’s dividend payout ratio is 48.60%.

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.