Edison International (NYSE:EIX) Reaches New 12-Month High – What’s Next?

Edison International (NYSE:EIX) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $79.90 and last traded at $79.8680, with a volume of 374823 shares traded. The stock had previously closed at $78.17.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EIX shares. Bank of America dropped their price target on shares of Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Morgan Stanley reissued an “underweight” rating and set a $69.00 price objective on shares of Edison International in a research report on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Seaport Research Partners cut shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Finally, Wells Fargo & Company restated an “underweight” rating and issued a $62.00 price target on shares of Edison International in a research note on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $72.64.

Edison International Stock Performance

The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98. The firm’s fifty day moving average price is $72.98 and its 200-day moving average price is $70.04. The firm has a market cap of $31.02 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 6.00 and a beta of 0.66.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the business earned $1.37 EPS. Edison International’s revenue for the quarter was up 7.7% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Analysts expect that Edison International will post 6.13 earnings per share for the current year.

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th will be given 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 dividend yield of 4.4%. Edison International’s payout ratio is 38.11%.

Institutional Trading of Edison International

Large investors have recently made changes to their positions in the company. Groupe la Francaise purchased a new position in Edison International during the 1st quarter worth approximately $29,000. 10Elms LLP purchased a new stake in Edison International in the fourth quarter valued at approximately $26,000. Transamerica Financial Advisors LLC lifted its stake in Edison International by 170.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock valued at $27,000 after buying an additional 281 shares during the last quarter. Altshuler Shaham Ltd boosted its holdings in shares of Edison International by 36.6% in the first quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 155 shares during the period. Finally, Quest 10 Wealth Builders Inc. boosted its holdings in shares of Edison International by 866.7% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 702 shares during the period. 88.95% of the stock is owned by institutional investors and hedge funds.

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.