Edison International (NYSE:EIX) Reaches New 1-Year High – Time to Buy?

Shares of Edison International (NYSE:EIX) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $79.90 and last traded at $79.8680, with a volume of 374823 shares changing hands. The stock had previously closed at $78.17.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EIX. Morgan Stanley reaffirmed an “underweight” rating and set a $69.00 price objective on shares of Edison International in a report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Seaport Research Partners lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Barclays raised their price target on shares of Edison International from $77.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Finally, Truist Financial decreased their price objective on Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $72.64.

Edison International Stock Down 1.1%

The stock has a market capitalization of $30.60 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 6.24 and a beta of 0.66. The firm has a 50 day simple moving average of $73.35 and a 200-day simple moving average of $70.32. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68.

Edison International (NYSE:EIX) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the previous year, the company earned $1.37 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, sell-side analysts forecast that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th will be given a $0.8775 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.4%. Edison International’s payout ratio is 38.11%.

Institutional Trading of Edison International

Several large investors have recently added to or reduced their stakes in the company. 10Elms LLP acquired a new position in shares of Edison International in the 4th quarter worth approximately $26,000. Transamerica Financial Advisors LLC raised its position in Edison International by 170.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 281 shares during the last quarter. Groupe la Francaise acquired a new position in Edison International in the first quarter worth $29,000. Altshuler Shaham Ltd boosted its stake in Edison International by 36.6% in the first quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 155 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. grew its holdings in shares of Edison International by 866.7% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 702 shares during the last quarter. 88.95% of the stock is owned by institutional investors.

About Edison International

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.