Edison International (NYSE:EIX) Sets New 1-Year High – Still a Buy?

Edison International (NYSE:EIX)’s stock price reached a new 52-week high on Monday . The company traded as high as $77.02 and last traded at $76.3010, with a volume of 383239 shares. The stock had previously closed at $75.20.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Bank of America dropped their target price on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Monday, April 20th. JPMorgan Chase & Co. upped their price target on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Morgan Stanley reiterated an “underweight” rating on shares of Edison International in a research note on Wednesday, June 24th. Weiss Ratings raised shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 15th. Finally, Wells Fargo & Company reissued an “underweight” rating and issued a $62.00 price objective on shares of Edison International in a research note on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $72.73.

Edison International Stock Performance

The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $29.52 billion, a PE ratio of 8.33, a PEG ratio of 1.32 and a beta of 0.66. The business has a 50 day simple moving average of $72.19 and a 200 day simple moving average of $69.43.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities research analysts predict that Edison International will post 6.12 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th will be paid a dividend of $0.8775 per share. The ex-dividend date is Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.6%. Edison International’s dividend payout ratio is presently 38.11%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Edison International by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 52,220,399 shares of the utilities provider’s stock valued at $3,134,268,000 after acquiring an additional 480,726 shares during the period. State Street Corp lifted its position in Edison International by 3.0% during the 4th quarter. State Street Corp now owns 33,141,204 shares of the utilities provider’s stock worth $1,989,135,000 after acquiring an additional 953,800 shares during the period. AQR Capital Management LLC lifted its position in 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 acquiring an additional 7,521,168 shares during the period. Geode Capital Management LLC grew its stake in Edison International by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock valued at $803,407,000 after purchasing an additional 386,905 shares during the last quarter. Finally, Northern Trust Corp grew its stake in 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. 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.