Analysts Set Edison International (NYSE:EIX) PT at $69.44

Edison International (NYSE:EIX) has been given an average rating of “Hold” by the twelve brokerages that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $69.4444.

EIX has been the topic of several recent analyst reports. LADENBURG THALM/SH SH restated a “sell” rating and issued a $63.00 target price on shares of Edison International in a report on Thursday, March 5th. UBS Group downgraded shares of Edison International from a “buy” rating to a “neutral” rating and lifted their price target for the company from $70.00 to $78.00 in a research note on Friday, February 13th. Mizuho set a $79.00 price target on shares of Edison International in a research note on Thursday, February 19th. Wall Street Zen downgraded shares of Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, TD Cowen lifted their price target on shares of Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, February 20th.

Edison International Price Performance

EIX stock opened at $71.59 on Tuesday. The firm has a market cap of $27.56 billion, a price-to-earnings ratio of 6.19, a PEG ratio of 1.16 and a beta of 0.77. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. Edison International has a 12-month low of $47.73 and a 12-month high of $76.21. The company’s fifty day simple moving average is $71.89 and its 200 day simple moving average is $63.11.

Edison International (NYSE:EIX) last released its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.40. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $4.29 billion. Edison International had a net margin of 24.34% and a return on equity of 14.87%. During the same quarter 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. On average, analysts expect that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be paid a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, April 7th. Edison International’s payout ratio is 30.36%.

Insiders Place Their Bets

In other Edison International news, Director Peter J. Taylor sold 500 shares of Edison International stock in a transaction on Monday, April 13th. The shares were sold at an average price of $75.30, for a total value of $37,650.00. Following the completion of the sale, the director directly 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 document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC grew its holdings in shares of Edison International by 76.8% during the first quarter. SG Americas Securities LLC now owns 2,294,019 shares of the utilities provider’s stock valued at $167,876,000 after buying an additional 996,739 shares during the last quarter. Center For Asset Management LLC acquired a new position in shares of Edison International during the first quarter valued at about $526,000. Diversified Trust Co grew its holdings in shares of Edison International by 31.0% during the first quarter. Diversified Trust Co now owns 13,780 shares of the utilities provider’s stock valued at $1,008,000 after buying an additional 3,257 shares during the last quarter. Paladin Wealth LLC acquired a new position in shares of Edison International during the first quarter valued at about $209,000. Finally, J. Derek Lewis & Associates Inc. acquired a new position in shares of Edison International during the fourth quarter valued at about $659,000. 88.95% of the stock is currently 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.