Edison International (NYSE:EIX) has earned an average rating of “Hold” from the twenty brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $74.00.
Several research analysts recently commented on the company. SunTrust Banks reiterated a “buy” rating and issued a $85.00 price target on shares of Edison International in a research note on Thursday, December 7th. Mizuho cut Edison International from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 6th. Goldman Sachs set a $70.00 price target on Edison International and gave the stock a “hold” rating in a research note on Friday, December 15th. Guggenheim upgraded Edison International from a “neutral” rating to a “buy” rating in a research note on Friday, February 23rd. Finally, Citigroup set a $87.00 price target on Edison International and gave the stock a “hold” rating in a research note on Tuesday, December 12th.
Edison International (EIX) traded up $0.99 during trading hours on Friday, hitting $62.92. The company had a trading volume of 3,178,878 shares, compared to its average volume of 3,702,691. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.49 and a current ratio of 0.53. Edison International has a fifty-two week low of $57.63 and a fifty-two week high of $83.38. The firm has a market capitalization of $20,441.39, a PE ratio of 36.58, a price-to-earnings-growth ratio of 2.55 and a beta of 0.20.
Edison International (NYSE:EIX) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.17. Edison International had a return on equity of 10.86% and a net margin of 5.59%. The business had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the previous year, the firm posted $1.02 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. equities research analysts expect that Edison International will post 4.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Thursday, March 29th will be issued a $0.605 dividend. This represents a $2.42 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Wednesday, March 28th. Edison International’s dividend payout ratio is currently 140.70%.
A number of institutional investors have recently made changes to their positions in EIX. Capital International Investors bought a new position in shares of Edison International during the third quarter valued at approximately $95,783,000. Steward Partners Investment Advisory LLC bought a new position in shares of Edison International during the third quarter valued at approximately $557,000. Wells Fargo & Company MN grew its holdings in shares of Edison International by 2.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,640,821 shares of the utilities provider’s stock valued at $167,006,000 after purchasing an additional 67,884 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Edison International during the third quarter valued at approximately $256,000. Finally, Toronto Dominion Bank grew its holdings in shares of Edison International by 13.6% during the fourth quarter. Toronto Dominion Bank now owns 140,345 shares of the utilities provider’s stock valued at $8,875,000 after purchasing an additional 16,757 shares during the last quarter. 82.22% of the stock is owned by hedge funds and other institutional investors.
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Edison International Company Profile
Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.
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