Edison International (NYSE:EIX) Given Consensus Rating of “Hold” by Analysts

Edison International (NYSE:EIX) has received a consensus recommendation of “Hold” from the thirteen analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $72.4545.

A number of research firms have recently commented on EIX. Morgan Stanley reduced their price objective on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating on the stock in a research note on Friday. Truist Financial lowered their target price on shares of Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a research note on Tuesday, August 4th. JPMorgan Chase & Co. upped their price target on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Weiss Ratings downgraded Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Finally, Mizuho lifted their price objective on Edison International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st.

Institutional Investors Weigh In On Edison International

A number of institutional investors and hedge funds have recently made changes to their positions in EIX. Goldman Sachs Group Inc. boosted its stake in Edison International by 41.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after purchasing an additional 1,609,847 shares during the period. Patriot Financial Group Insurance Agency LLC bought a new stake in Edison International in the first quarter worth $1,503,000. Del Sette Capital Management LLC purchased a new stake in Edison International during the first quarter valued at about $3,275,000. Chicago Partners Investment Group LLC boosted its position in Edison International by 128.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 23,765 shares of the utilities provider’s stock valued at $1,444,000 after buying an additional 13,375 shares during the period. Finally, Pinebridge Investments LLC bought a new position in shares of Edison International during the fourth quarter valued at about $46,548,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Performance

NYSE EIX opened at $71.51 on Monday. The company has a market capitalization of $27.52 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 5.80 and a beta of 0.66. Edison International has a twelve month low of $52.00 and a twelve month high of $81.62. The stock has a fifty day simple moving average of $74.13 and a 200 day simple moving average of $71.97. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95.

Edison International (NYSE:EIX) last announced its earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping the consensus estimate of $1.18 by $0.36. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the previous year, the business earned $0.97 EPS. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Sell-side analysts expect that Edison International will post 6.13 EPS for the current year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were given a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Tuesday, July 7th. Edison International’s payout ratio is presently 36.19%.

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.