Edison International (NYSE:EIX) Price Target Raised to $75.00 at JPMorgan Chase & Co.

Edison International (NYSE:EIX) had its price target lifted by JPMorgan Chase & Co. from $74.00 to $75.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a neutral rating on the utilities provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Truist Financial started coverage on shares of Edison International in a research note on Monday, April 20th. They set a “hold” rating and a $82.00 price target on the stock. Barclays cut their price objective on shares of Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a research report on Wednesday. Jefferies Financial Group reduced their price objective on shares of Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. LADENBURG THALM/SH SH restated a “sell” rating and set a $63.00 target price on shares of Edison International in a research report on Thursday, March 5th. Finally, Bank of America lowered their target price on shares of Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $72.82.

Edison International Price Performance

Shares of EIX stock traded up $0.42 during trading hours on Friday, hitting $69.91. The company’s stock had a trading volume of 4,180,012 shares, compared to its average volume of 2,589,600. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98. The business has a fifty day moving average of $72.04 and a 200-day moving average of $64.16. Edison International has a twelve month low of $47.73 and a twelve month high of $76.21. The stock has a market cap of $26.90 billion, a price-to-earnings ratio of 7.59, a P/E/G ratio of 1.20 and a beta of 0.69.

Edison International (NYSE:EIX) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.Edison International’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities research analysts anticipate that Edison International will post 6.12 EPS for the current year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 7th were issued a $0.8775 dividend. The ex-dividend date was Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a yield of 5.0%. Edison International’s dividend payout ratio (DPR) is presently 38.11%.

Insider Transactions at Edison International

In other Edison International news, Director Peter J. Taylor sold 500 shares of the company’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $75.30, for a total transaction of $37,650.00. Following the completion of the sale, the director directly owned 34,212 shares in the company, valued at $2,576,163.60. This represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Edison International

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Edison International by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 52,220,399 shares of the utilities provider’s stock worth $3,134,268,000 after acquiring an additional 480,726 shares in the last quarter. State Street Corp lifted its holdings in shares of Edison International by 3.0% during the 4th quarter. State Street Corp now owns 33,141,204 shares of the utilities provider’s stock valued at $1,989,135,000 after acquiring an additional 953,800 shares in the last quarter. AQR Capital Management LLC boosted its position in Edison International by 69.9% during the 4th quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock worth $1,097,475,000 after purchasing an additional 7,521,168 shares during the period. Geode Capital Management LLC boosted its position in Edison International by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock worth $803,407,000 after purchasing an additional 386,905 shares during the period. Finally, Northern Trust Corp increased its holdings in Edison International by 12.3% in the 4th quarter. Northern Trust Corp now owns 6,070,324 shares of the utilities provider’s stock valued at $364,341,000 after purchasing an additional 662,477 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

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.