Edison International (NYSE:EIX) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Edison International (NYSE:EIX) from a hold rating to a buy rating in a research report report published on Thursday morning.

A number of other analysts have also issued reports on the company. JPMorgan Chase & Co. lowered their price target on Edison International from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, December 12th. LADENBURG THALM/SH SH lifted their target price on Edison International from $52.50 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Morgan Stanley set a $57.00 target price on Edison International in a report on Wednesday, December 17th. Jefferies Financial Group increased their price target on Edison International from $57.00 to $59.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Finally, Cowen started coverage on Edison International in a report on Wednesday, October 15th. They issued a “buy” rating for the company. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $63.50.

Edison International Trading Down 0.2%

NYSE EIX opened at $61.49 on Thursday. The stock has a market cap of $23.66 billion, a PE ratio of 8.04, a PEG ratio of 0.90 and a beta of 0.83. Edison International has a 12 month low of $47.73 and a 12 month high of $63.97. The company’s 50-day moving average price is $59.03 and its 200-day moving average price is $56.04. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 1.95.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.18. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates 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 quarter last year, the business posted $1.51 EPS. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. Equities research analysts forecast that Edison International will post 4.95 earnings per share for the current year.

Edison International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Wednesday, January 7th will be given a dividend of $0.8775 per share. The ex-dividend date of this dividend is Wednesday, January 7th. This is an increase from Edison International’s previous quarterly dividend of $0.83. This represents a $3.51 dividend on an annualized basis and a yield of 5.7%. Edison International’s dividend payout ratio is 45.88%.

Insider Transactions at Edison International

In other Edison International news, Director Peter J. Taylor sold 1,800 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $55.27, for a total value of $99,486.00. Following the completion of the transaction, the director directly owned 35,212 shares in the company, valued at approximately $1,946,167.24. The trade was a 4.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% of the stock is owned by company insiders.

Institutional Trading of Edison International

Institutional investors have recently modified their holdings of the company. Kentucky Trust Co lifted its stake in shares of Edison International by 66.7% during the second quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock worth $26,000 after buying an additional 200 shares during the period. Activest Wealth Management lifted its position in Edison International by 677.8% during the 3rd quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 488 shares during the period. CVA Family Office LLC lifted its position in Edison International by 113.7% during the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 307 shares during the period. Ransom Advisory Ltd grew its stake in Edison International by 74.9% during the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 259 shares during the last quarter. Finally, American National Bank & Trust acquired a new position in shares of Edison International in the second quarter valued at about $32,000. 88.95% of the stock is currently owned by institutional investors.

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.