Brokerages Set Edison International (NYSE:EIX) Price Target at $63.50

Edison International (NYSE:EIX) has earned an average recommendation of “Hold” from the sixteen ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $63.50.

EIX has been the subject of several recent analyst reports. Wall Street Zen cut Edison International from a “buy” rating to a “hold” rating in a report on Wednesday. TD Cowen started coverage on Edison International in a research report on Thursday, October 16th. They issued a “buy” rating and a $71.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on shares of Edison International from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Jefferies Financial Group upped their price target on shares of Edison International from $57.00 to $59.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Edison International in a research note on Monday, December 29th.

Insider Activity at Edison International

In related news, Director Peter J. Taylor sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $55.27, for a total value of $99,486.00. Following the sale, the director owned 35,212 shares in the company, valued at $1,946,167.24. This represents a 4.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

Institutional Trading of Edison International

A number of institutional investors have recently bought and sold shares of the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its position in shares of Edison International by 2.7% in the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 7,422 shares of the utilities provider’s stock valued at $383,000 after buying an additional 196 shares in the last quarter. Kentucky Trust Co grew its stake in Edison International by 66.7% in the 2nd quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. Diligent Investors LLC increased its holdings in Edison International by 1.5% during the 3rd quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock valued at $768,000 after acquiring an additional 201 shares in the last quarter. MAI Capital Management raised its position in Edison International by 20.8% during the second quarter. MAI Capital Management now owns 1,172 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 202 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after purchasing an additional 211 shares in the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Edison International Stock Down 0.3%

EIX stock opened at $60.47 on Friday. Edison International has a one year low of $47.73 and a one year high of $78.36. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.76 and a current ratio of 0.82. The company has a fifty day moving average of $58.37 and a 200-day moving average of $55.64. The stock has a market capitalization of $23.27 billion, a PE ratio of 7.90, a price-to-earnings-growth ratio of 0.88 and a beta of 0.83.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.18. The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.31 billion. Edison International had a net margin of 17.24% and a return on equity of 13.62%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.51 earnings per share. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. As a group, analysts expect that Edison International will post 4.95 EPS for the current year.

Edison International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Wednesday, January 7th will be given a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Wednesday, January 7th. This is a positive change from Edison International’s previous quarterly dividend of $0.83. Edison International’s payout ratio is 43.27%.

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.