Edison International Declares Quarterly Dividend of $0.88 (NYSE:EIX)

Edison International (NYSE:EIX) declared a quarterly dividend on Wednesday, June 24th. Investors of record on Tuesday, July 7th will be given a dividend of 0.8775 per share by the utilities provider on Friday, July 31st. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date is Tuesday, July 7th.

Edison International has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 23 consecutive years. Edison International has a payout ratio of 57.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Edison International to earn $6.50 per share next year, which means the company should continue to be able to cover its $3.51 annual dividend with an expected future payout ratio of 54.0%.

Edison International Price Performance

NYSE EIX opened at $74.16 on Thursday. The business’s fifty day moving average is $70.70 and its 200 day moving average is $67.81. Edison International has a fifty-two week low of $49.14 and a fifty-two week high of $76.21. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. The company has a market capitalization of $28.53 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 1.26 and a beta of 0.67.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the prior year, the business posted $1.37 earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Sell-side analysts predict that Edison International will post 6.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on EIX shares. Wells Fargo & Company reiterated an “underweight” rating and set a $62.00 price objective on shares of Edison International in a research note on Tuesday, April 21st. Barclays decreased their target price on shares of Edison International from $78.00 to $77.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Seaport Research Partners downgraded shares of Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Truist Financial dropped their price target on shares of Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Finally, Weiss Ratings upgraded shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 15th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Edison International presently has a consensus rating of “Hold” and a consensus target price of $72.64.

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.