Edison International (NYSE:EIX) Receives Average Rating of “Hold” from Brokerages

Edison International (NYSE:EIXGet Free Report) has been given a consensus rating of “Hold” by the nine ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $73.60.

Several brokerages recently weighed in on EIX. Mizuho cut their price objective on shares of Edison International from $76.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Barclays raised their target price on Edison International from $69.00 to $70.00 and gave the company an “equal weight” rating in a research note on Monday, February 26th. StockNews.com upgraded shares of Edison International from a “sell” rating to a “hold” rating in a research report on Saturday, February 24th. Guggenheim raised shares of Edison International from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $84.00 in a research note on Monday, January 22nd. Finally, TheStreet cut Edison International from a “b” rating to a “c+” rating in a report on Thursday, February 22nd.

View Our Latest Stock Report on EIX

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EIX. First Trust Direct Indexing L.P. grew its stake in Edison International by 2.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 6,604 shares of the utilities provider’s stock valued at $418,000 after buying an additional 162 shares during the last quarter. Axxcess Wealth Management LLC grew its position in shares of Edison International by 2.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 6,461 shares of the utilities provider’s stock worth $409,000 after buying an additional 164 shares during the period. CarsonAllaria Wealth Management Ltd. increased its holdings in Edison International by 3.9% in the third quarter. CarsonAllaria Wealth Management Ltd. now owns 4,432 shares of the utilities provider’s stock valued at $281,000 after purchasing an additional 165 shares during the last quarter. Gibraltar Capital Management Inc. raised its position in shares of Edison International by 1.5% during the fourth quarter. Gibraltar Capital Management Inc. now owns 11,599 shares of the utilities provider’s stock worth $829,000 after purchasing an additional 174 shares during the period. Finally, Corient Private Wealth LLC boosted its stake in Edison International by 0.3% in the 4th quarter. Corient Private Wealth LLC now owns 61,247 shares of the utilities provider’s stock worth $4,379,000 after purchasing an additional 175 shares during the period. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Price Performance

EIX stock opened at $70.81 on Friday. The company has a market cap of $27.24 billion, a PE ratio of 22.70 and a beta of 0.96. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 1.86. The stock has a 50-day moving average price of $68.70 and a two-hundred day moving average price of $67.60. Edison International has a 12-month low of $58.82 and a 12-month high of $74.92.

Edison International (NYSE:EIXGet Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $4.19 billion. Edison International had a net margin of 8.35% and a return on equity of 12.63%. During the same quarter last year, the firm posted $1.14 earnings per share. As a group, research analysts predict that Edison International will post 4.98 EPS for the current year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.12 annualized dividend and a dividend yield of 4.41%. Edison International’s dividend payout ratio is 100.00%.

About Edison International

(Get Free Report

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.

Further Reading

Analyst Recommendations for Edison International (NYSE:EIX)

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