Edison International (NYSE:EIX – Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 5.900-6.200 for the period, compared to the consensus EPS estimate of 6.110. The company issued revenue guidance of -.
Wall Street Analyst Weigh In
EIX has been the subject of a number of analyst reports. Barclays reduced 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 note on Wednesday. Jefferies Financial Group cut their price target on shares of Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. Mizuho set a $79.00 price target on shares of Edison International in a research report on Thursday, February 19th. LADENBURG THALM/SH SH restated a “sell” rating and issued a $63.00 price objective on shares of Edison International in a report on Thursday, March 5th. Finally, UBS Group cut Edison International from a “buy” rating to a “neutral” rating and upped their price objective for the company from $70.00 to $78.00 in a research report on Friday, February 13th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $72.73.
Check Out Our Latest Research Report on Edison International
Edison International Stock Performance
Edison International (NYSE:EIX – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. Edison International had a net margin of 24.34% and a return on equity of 14.87%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.07 billion. During the same period in the previous year, the business posted $1.37 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, research analysts expect that Edison International will post 6.12 EPS for the current year.
Edison International Announces Dividend
The business 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 yield of 5.0%. The ex-dividend date of this dividend is Tuesday, April 7th. Edison International’s payout ratio is 30.36%.
Insiders Place Their Bets
In other Edison International news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction on Monday, April 13th. The shares were 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 approximately $2,576,163.60. The trade was a 1.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.
Institutional Trading of Edison International
A number of hedge funds have recently bought and sold shares of the company. State Street Corp boosted its position in Edison International by 3.0% in the fourth quarter. State Street Corp now owns 33,141,204 shares of the utilities provider’s stock worth $1,989,135,000 after purchasing an additional 953,800 shares during the last quarter. AQR Capital Management LLC increased its position in shares of 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 valued at $1,097,475,000 after purchasing an additional 7,521,168 shares during the last quarter. Northern Trust Corp increased its position in shares of Edison International by 12.3% during 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 during the last quarter. Invesco Ltd. lifted its stake in shares of Edison International by 2.9% in the 4th quarter. Invesco Ltd. now owns 5,316,463 shares of the utilities provider’s stock worth $319,094,000 after purchasing an additional 147,723 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Edison International by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,896,492 shares of the utilities provider’s stock worth $173,847,000 after purchasing an additional 141,035 shares during the period. Hedge funds and other institutional investors 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.
Further Reading
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