Brokerages Set Edison International (NYSE:EIX) Target Price at $67.70

Edison International (NYSE:EIX) has been given an average recommendation of “Hold” by the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $67.70.

Several research analysts have weighed in on EIX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research note on Monday, December 29th. JPMorgan Chase & Co. boosted their target price on shares of Edison International from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Morgan Stanley reiterated an “underweight” rating on shares of Edison International in a research report on Friday, February 20th. Jefferies Financial Group reduced their price target on shares of Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. Finally, Barclays increased their price objective on Edison International from $67.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EIX. Jones Financial Companies Lllp boosted its position in shares of Edison International by 112.9% during the 1st quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock worth $577,000 after purchasing an additional 5,190 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after purchasing an additional 211 shares during the period. Woodline Partners LP boosted its holdings in Edison International by 40.7% during the first quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock worth $1,927,000 after buying an additional 9,459 shares in the last quarter. Sivia Capital Partners LLC grew its position in Edison International by 153.6% during the second quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock worth $451,000 after buying an additional 5,290 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its holdings in Edison International by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 73,809 shares of the utilities provider’s stock valued at $3,818,000 after buying an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Stock Up 0.4%

Edison International stock opened at $74.69 on Monday. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.68. The business has a 50 day simple moving average of $64.14 and a 200-day simple moving average of $59.09. The stock has a market capitalization of $28.74 billion, a PE ratio of 6.46, a price-to-earnings-growth ratio of 1.21 and a beta of 0.82. Edison International has a 12 month low of $47.73 and a 12 month high of $75.50.

Edison International (NYSE:EIX) last announced its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.40. Edison International had a net margin of 24.34% and a return on equity of 14.87%. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the business earned $1.05 earnings per share. 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. On average, analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The firm 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 $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, April 7th. Edison International’s payout ratio is currently 30.36%.

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.