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

Shares of Edison International (NYSE:EIX) reached a new 52-week low on Monday. The stock traded as low as $51.95 and last traded at $51.97, with a volume of 251456 shares. The stock had previously closed at $52.65.

Analyst Upgrades and Downgrades

EIX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Edison International from $82.00 to $61.00 and set a “neutral” rating for the company in a research report on Wednesday, September 2nd. Mizuho reiterated a “neutral” rating and issued a $70.00 price objective (down from $86.00) on shares of Edison International in a report on Monday, August 31st. Weiss Ratings cut Edison International from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, September 10th. Argus restated a “hold” rating on shares of Edison International in a research report on Wednesday, August 26th. Finally, Morgan Stanley decreased their price target on Edison International from $65.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, September 18th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $63.45.

Edison International Stock Down 1.6%

The business’s 50 day moving average is $66.46 and its 200 day moving average is $70.09. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. The stock has a market cap of $19.93 billion, a price-to-earnings ratio of 5.34, a price-to-earnings-growth ratio of 2.12 and a beta of 0.62.

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

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Wednesday, October 7th will be paid a $0.8775 dividend. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 6.8%. Edison International’s dividend payout ratio is 36.19%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Avior Wealth Management LLC grew its stake in Edison International by 4.7% in the second quarter. Avior Wealth Management LLC now owns 2,956 shares of the utilities provider’s stock valued at $220,000 after acquiring an additional 134 shares during the period. Equitable Trust Co. lifted its holdings in shares of Edison International by 0.8% during the 1st quarter. Equitable Trust Co. now owns 19,616 shares of the utilities provider’s stock valued at $1,435,000 after purchasing an additional 148 shares in the last quarter. Altshuler Shaham Ltd lifted its holdings in shares of Edison International by 36.6% during the 1st quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 155 shares in the last quarter. Cidel Asset Management Inc. grew its position in shares of Edison International by 3.0% in the 2nd quarter. Cidel Asset Management Inc. now owns 6,088 shares of the utilities provider’s stock valued at $453,000 after purchasing an additional 178 shares during the period. Finally, Paladin Wealth LLC grew its position in shares of Edison International by 6.3% in the 2nd quarter. Paladin Wealth LLC now owns 3,035 shares of the utilities provider’s stock valued at $226,000 after purchasing an additional 181 shares during the period. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Company Profile

Edison International (NYSE: EIX) is a holding company focused on electric power generation, transmission and distribution, as well as clean-energy solutions. Its principal subsidiary, Southern California Edison (SCE), is a regulated electric utility that delivers electricity to residential, commercial, industrial and public-sector customers.

SCE operates one of the largest electric utility systems in the United States, serving communities across central, coastal and Southern California.