Edison International (NYSE:EIX) Given Average Recommendation of “Hold” by Brokerages

Edison International (NYSE:EIX) has been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $69.4444.

Several brokerages recently commented on EIX. Mizuho set a $79.00 price target on Edison International in a research report on Thursday, February 19th. LADENBURG THALM/SH SH reiterated a “sell” rating and set a $63.00 price target on shares of Edison International in a research report on Thursday, March 5th. UBS Group cut Edison International from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $70.00 to $78.00 in a research report on Friday, February 13th. Wall Street Zen lowered Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Wells Fargo & Company lowered Edison International from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $56.00 to $59.00 in a research note on Tuesday, January 20th.

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 stock was sold at an average price of $75.30, for a total transaction of $37,650.00. Following the transaction, the director owned 34,212 shares of the company’s stock, valued at approximately $2,576,163.60. The trade was a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Edison International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EIX. AQR Capital Management LLC boosted its stake in Edison International by 69.9% during the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock worth $1,097,475,000 after buying an additional 7,521,168 shares during the last quarter. Norges Bank acquired a new position in Edison International during the fourth quarter worth $339,311,000. Goldman Sachs Group Inc. boosted its stake in Edison International by 41.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after buying an additional 1,609,847 shares during the last quarter. SG Americas Securities LLC boosted its stake in Edison International by 2,970.8% during the fourth quarter. SG Americas Securities LLC now owns 1,297,280 shares of the utilities provider’s stock worth $77,863,000 after buying an additional 1,255,034 shares during the last quarter. Finally, Man Group plc boosted its stake in Edison International by 109.6% during the second quarter. Man Group plc now owns 2,314,124 shares of the utilities provider’s stock worth $119,409,000 after buying an additional 1,209,964 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Down 1.1%

Shares of EIX opened at $70.80 on Tuesday. 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 $76.21. The stock has a market capitalization of $27.25 billion, a price-to-earnings ratio of 6.12, a PEG ratio of 1.16 and a beta of 0.77. The stock has a 50 day moving average price of $72.02 and a 200 day moving average price of $63.28.

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

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be paid a dividend of $0.8775 per share. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a yield of 5.0%. Edison International’s payout ratio is 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.