Edison International (NYSE:EIX – Get Free Report) has earned a consensus rating of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat 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 1 year price objective among brokers that have issued ratings on the stock in the last year is $72.6364.
EIX has been the topic of several analyst reports. Morgan Stanley restated an “underweight” rating and issued a $69.00 price target on shares of Edison International in a research note on Wednesday, July 22nd. Barclays increased their price objective on Edison International from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Bank of America lowered their target price on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $62.00 target price on shares of Edison International in a research note on Tuesday, April 21st. Finally, Seaport Research Partners lowered Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th.
Get Our Latest Analysis on EIX
Hedge Funds Weigh In On Edison International
Edison International Stock Down 1.4%
Edison International stock opened at $78.68 on Thursday. The company has a 50-day simple moving average of $74.13 and a 200-day simple moving average of $70.87. The firm has a market capitalization of $30.28 billion, a P/E ratio of 8.54, a P/E/G ratio of 6.20 and a beta of 0.66. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. Edison International has a one year low of $51.01 and a one year high of $81.62.
Edison International (NYSE:EIX – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, beating 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 the consensus estimate of $4.15 billion. During the same period last year, the firm posted $1.37 EPS. Edison International’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts expect that Edison International will post 6.13 earnings per share for the current year.
Edison International Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 7th will be paid a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Tuesday, July 7th. Edison International’s payout ratio is currently 38.11%.
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.
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