Edison International (NYSE:EIX) Receives $64.55 Consensus PT from Analysts

Shares of Edison International (NYSE:EIX) have been assigned an average rating of “Reduce” from the fourteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $64.5455.

Several equities analysts recently issued reports on EIX shares. UBS Group decreased their target price on shares of Edison International from $75.00 to $63.00 and set a “neutral” rating for the company in a research note on Tuesday, September 1st. Morgan Stanley cut their price objective on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating for the company in a report on Friday, August 21st. Bank of America downgraded shares of Edison International from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $81.00 to $51.00 in a research report on Tuesday, September 1st. JPMorgan Chase & Co. lowered their target price on shares of Edison International from $82.00 to $61.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 2nd. Finally, Truist Financial lowered their target price on shares of Edison International from $77.00 to $63.00 and set a “hold” rating on the stock in a research note on Thursday, September 3rd.

Institutional Trading of Edison International

Institutional investors and hedge funds have recently made changes to their positions in the business. Rakuten Investment Management Inc. acquired a new stake in shares of Edison International in the second quarter worth approximately $4,750,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Edison International during the second quarter worth approximately $33,328,000. California State Teachers Retirement System raised its stake in Edison International by 7,943.7% in the 2nd quarter. California State Teachers Retirement System now owns 54,771,153 shares of the utilities provider’s stock valued at $4,077,712,000 after purchasing an additional 54,090,230 shares during the last quarter. Jupiter Topco LLC acquired a new position in Edison International in the 2nd quarter valued at $3,577,000. Finally, Allworth Financial LP purchased a new position in Edison International in the 2nd quarter valued at $2,586,000. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Edison International Stock Up 0.1%

Edison International stock opened at $56.05 on Friday. The business’s 50-day moving average price is $70.77 and its 200 day moving average price is $71.43. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. The firm has a market cap of $21.57 billion, a price-to-earnings ratio of 5.78, a price-to-earnings-growth ratio of 2.25 and a beta of 0.62. Edison International has a 52 week low of $52.00 and a 52 week high of $81.62.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.36. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the previous year, the company posted $0.97 earnings per share. Edison International’s revenue for the quarter was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, sell-side analysts anticipate that Edison International will post 6.13 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were given a dividend of $0.8775 per share. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a yield of 6.3%. Edison International’s dividend payout ratio is currently 36.19%.

Edison International Company Profile

Edison International (NYSE: EIX) is a holding company focused on electric power generation, transmission and distribution, as well as clean-energy solutions. Its principal subsidiary, Southern California Edison (SCE), is a regulated electric utility that delivers electricity to residential, commercial, industrial and public-sector customers.

SCE operates one of the largest electric utility systems in the United States, serving communities across central, coastal and Southern California.