Analysts Set Edison International (NYSE:EIX) Target Price at $69.44

Shares of Edison International (NYSE:EIX) have been given a consensus recommendation of “Hold” by the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $71.3636.

A number of equities analysts have issued reports on EIX shares. LADENBURG THALM/SH SH reaffirmed a “sell” rating and issued a $63.00 target price on shares of Edison International in a research report on Thursday, March 5th. TD Cowen upped their target price on Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Mizuho set a $79.00 target price on Edison International in a research report on Thursday, February 19th. Jefferies Financial Group cut their target price on Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, January 28th. Finally, Truist Financial set a $82.00 target price on Edison International in a research report on Monday.

Edison International Stock Down 0.3%

NYSE EIX opened at $70.57 on Tuesday. The stock has a market cap of $27.16 billion, a PE ratio of 6.10, a P/E/G ratio of 1.15 and a beta of 0.77. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $76.21. The business has a 50 day moving average price of $72.16 and a two-hundred day moving average price of $63.44. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 1.92.

Edison International (NYSE:EIX) last released its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.40. The firm had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Edison International had a return on equity of 14.87% and a net margin of 24.34%.During the same quarter in the prior year, the business earned $1.05 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. As a group, sell-side analysts predict that Edison International will post 6.14 EPS for the current fiscal year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be given a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, April 7th. Edison International’s dividend payout ratio is presently 30.36%.

Insider Activity

In other Edison International news, Director Peter J. Taylor sold 500 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $75.30, for a total value of $37,650.00. Following the transaction, the director directly owned 34,212 shares of the company’s stock, valued at $2,576,163.60. This represents a 1.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Edison International

Several institutional investors and hedge funds have recently made changes to their positions in EIX. 10Elms LLP acquired a new stake in shares of Edison International during the 4th quarter valued at approximately $26,000. Transamerica Financial Advisors LLC raised its position in shares of Edison International by 170.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 281 shares in the last quarter. Activest Wealth Management raised its position in shares of Edison International by 677.8% during the 3rd quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 488 shares in the last quarter. CVA Family Office LLC raised its position in shares of Edison International by 113.7% during the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 307 shares in the last quarter. Finally, Ransom Advisory Ltd raised its position in shares of 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 acquiring an additional 259 shares in the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

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.