Edison International (NYSE:EIX) Sets New 52-Week High – Should You Buy?

Shares of Edison International (NYSE:EIX) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $73.95 and last traded at $74.2320, with a volume of 508 shares trading hands. The stock had previously closed at $73.74.

Analyst Ratings Changes

EIX has been the subject of several recent research reports. Wells Fargo & Company downgraded Edison International from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $56.00 to $59.00 in a research report on Tuesday, January 20th. Morgan Stanley reissued an “underweight” rating on shares of Edison International in a research note on Friday. UBS Group cut Edison International from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $70.00 to $78.00 in a report on Friday, February 13th. Barclays upped their target price on Edison International from $67.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Edison International in a research note on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $67.70.

Edison International Trading Up 0.7%

The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 1.92. The business has a 50 day simple moving average of $63.25 and a two-hundred day simple moving average of $58.74. The stock has a market cap of $28.93 billion, a price-to-earnings ratio of 6.50, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Edison International (NYSE:EIX) last released its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.47 by $0.40. The company 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 period in the prior year, the business posted $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, equities analysts anticipate that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be issued a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, April 7th. Edison International’s dividend payout ratio (DPR) is currently 30.36%.

Hedge Funds Weigh In On Edison International

Large investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in Edison International by 169.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,843 shares of the utilities provider’s stock worth $6,901,000 after acquiring an additional 78,531 shares during the period. Versor Investments LP grew its holdings in shares of Edison International by 55.0% during the third quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock valued at $2,865,000 after purchasing an additional 18,381 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Edison International by 1.7% during the 3rd quarter. Nordea Investment Management AB now owns 1,695,550 shares of the utilities provider’s stock worth $92,984,000 after purchasing an additional 28,586 shares during the period. Convergence Investment Partners LLC lifted its holdings in shares of Edison International by 67.6% in the 3rd quarter. Convergence Investment Partners LLC now owns 27,017 shares of the utilities provider’s stock worth $1,494,000 after purchasing an additional 10,901 shares during the last quarter. Finally, Krilogy Financial LLC lifted its holdings in shares of Edison International by 141.8% in the 3rd quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock worth $1,705,000 after purchasing an additional 17,616 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

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.