Analysts Set Edison International (NYSE:EIX) Price Target at $72.82

Shares of Edison International (NYSE:EIX) have been given a consensus recommendation of “Hold” by the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $72.8182.

Several research firms recently weighed in on EIX. JPMorgan Chase & Co. increased their price target on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Morgan Stanley reaffirmed an “underweight” rating and set a $69.00 target price on shares of Edison International in a research report on Wednesday, July 22nd. Barclays reaffirmed an “equal weight” rating and set a $75.00 price target (down from $78.00) on shares of Edison International in a research note on Friday, July 31st. Weiss Ratings cut Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Finally, Mizuho upped their target price on Edison International from $79.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, July 31st.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its position in Edison International by 112.9% during the first quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock valued at $577,000 after acquiring an additional 5,190 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Edison International by 2.4% during the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after purchasing an additional 211 shares during the last quarter. Woodline Partners LP boosted its position in shares of Edison International by 40.7% in the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock worth $1,927,000 after purchasing an additional 9,459 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of Edison International by 153.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock worth $451,000 after purchasing an additional 5,290 shares in the last quarter. Finally, Baird Financial Group Inc. purchased a new position in Edison International during the 2nd quarter worth $302,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Price Performance

Shares of NYSE:EIX opened at $73.38 on Monday. The firm has a market cap of $28.24 billion, a price-to-earnings ratio of 7.57, a P/E/G ratio of 5.72 and a beta of 0.66. The firm has a fifty day moving average price of $74.11 and a 200 day moving average price of $71.89. Edison International has a fifty-two week low of $52.00 and a fifty-two week high of $81.62. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.36. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. Edison International’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, sell-side analysts expect that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were paid a $0.8775 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.8%. Edison International’s dividend payout ratio is 36.19%.

Edison International Company Profile

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.