Several other research analysts have also recently commented on the stock. SunTrust Banks reiterated a buy rating and set a $79.00 price target on shares of Edison International in a report on Tuesday, December 26th. Zacks Investment Research cut shares of Edison International from a hold rating to a sell rating in a report on Tuesday, January 2nd. JPMorgan Chase started coverage on shares of Edison International in a report on Friday, January 12th. They set a neutral rating and a $67.00 price target for the company. Goldman Sachs set a $70.00 price target on shares of Edison International and gave the stock a hold rating in a report on Friday, December 15th. Finally, Citigroup reiterated a hold rating and set a $66.00 price target on shares of Edison International in a report on Monday, January 22nd. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $76.86.
NYSE EIX traded down $0.27 on Thursday, hitting $63.39. 1,325,821 shares of the stock were exchanged, compared to its average volume of 3,463,275. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 0.84. Edison International has a fifty-two week low of $57.63 and a fifty-two week high of $83.38. The stock has a market capitalization of $20,555.43, a PE ratio of 14.07, a price-to-earnings-growth ratio of 2.76 and a beta of 0.13.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Thursday, March 29th will be issued a $0.605 dividend. This represents a $2.42 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Wednesday, March 28th. Edison International’s payout ratio is 53.78%.
A number of large investors have recently modified their holdings of EIX. Cerebellum GP LLC acquired a new stake in Edison International during the 4th quarter worth $116,000. Captrust Financial Advisors acquired a new stake in Edison International during the 4th quarter worth $126,000. First Command Financial Services Inc. acquired a new stake in Edison International during the 4th quarter worth $154,000. Advisory Services Network LLC boosted its stake in Edison International by 1,842.3% during the 4th quarter. Advisory Services Network LLC now owns 2,661 shares of the utilities provider’s stock worth $168,000 after purchasing an additional 2,524 shares during the period. Finally, Amica Retiree Medical Trust boosted its stake in Edison International by 77.6% during the 4th quarter. Amica Retiree Medical Trust now owns 3,165 shares of the utilities provider’s stock worth $200,000 after purchasing an additional 1,383 shares during the period. Hedge funds and other institutional investors own 82.22% of the company’s stock.
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Edison International Company Profile
Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.
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