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

Edison International (NYSE:EIX) has been given an average rating of “Hold” by the fourteen ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $67.70.

EIX has been the topic of a number of research reports. Wells Fargo & Company lowered shares of Edison International from an “equal weight” rating to an “underweight” rating and raised their target price for the stock from $56.00 to $59.00 in a research note on Tuesday, January 20th. Barclays boosted their price objective on Edison International from $67.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Wall Street Zen lowered Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Morgan Stanley reissued an “underweight” rating on shares of Edison International in a research report on Friday, February 20th. Finally, UBS Group cut shares of 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 research report on Friday, February 13th.

Edison International Stock Up 0.4%

Shares of EIX opened at $74.69 on Monday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.68 and a current ratio of 0.73. Edison International has a one year low of $47.73 and a one year high of $75.50. The stock has a market capitalization of $28.74 billion, a price-to-earnings ratio of 6.46, a PEG ratio of 1.22 and a beta of 0.79. The stock has a 50 day moving average price of $64.14 and a 200 day moving average price of $59.14.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.40. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $4.29 billion. Edison International had a return on equity of 14.87% and a net margin of 24.34%.During the same quarter last year, the firm 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. Equities research analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be issued a $0.8775 dividend. The ex-dividend date is Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.7%. Edison International’s dividend payout ratio is currently 30.36%.

Institutional Investors Weigh In On Edison International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its holdings 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 worth $1,097,475,000 after purchasing an additional 7,521,168 shares during the period. Norges Bank acquired a new stake in shares of Edison International during the fourth quarter valued at about $339,311,000. Vanguard Group Inc. raised its stake in shares of Edison International by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 51,470,117 shares of the utilities provider’s stock valued at $2,655,858,000 after acquiring an additional 2,386,562 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Edison International by 41.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after acquiring an additional 1,609,847 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in shares of Edison International by 237.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 1,904,568 shares of the utilities provider’s stock worth $98,276,000 after purchasing an additional 1,339,806 shares during the period. Hedge funds and other 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.