Edison International (NYSE:EIX – Get Free Report) has received an average rating of “Reduce” from the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $64.4545.
Several equities research analysts recently weighed in on EIX shares. JPMorgan Chase & Co. dropped their price objective on shares of Edison International from $82.00 to $61.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 2nd. Mizuho restated a “neutral” rating and issued a $70.00 target price (down from $86.00) on shares of Edison International in a research note on Monday, August 31st. Truist Financial lowered their target price on Edison International from $77.00 to $63.00 and set a “hold” rating for the company in a report on Thursday, September 3rd. Barclays reiterated an “equal weight” rating and set a $75.00 price target (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Finally, Jefferies Financial Group cut their price target on Edison International from $68.00 to $53.00 and set a “hold” rating on the stock in a report on Monday.
Get Our Latest Research Report on Edison International
Edison International Stock Down 2.8%
Edison International (NYSE:EIX – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same period last year, the firm posted $0.97 EPS. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Research analysts predict that Edison International will post 6.13 EPS for the current year.
Edison International Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were given a $0.8775 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 6.4%. Edison International’s dividend payout ratio (DPR) is currently 36.19%.
Hedge Funds Weigh In On Edison International
Hedge funds and other institutional investors have recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. acquired a new position in Edison International in the 2nd quarter worth approximately $26,000. Groupe la Francaise acquired a new stake in Edison International during the 1st quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Edison International during the 2nd quarter valued at $30,000. Bell Investment Advisors Inc purchased a new stake in shares of Edison International in the second quarter valued at $31,000. Finally, 10Elms LLP purchased a new stake in shares of Edison International in the fourth quarter valued at $26,000. Institutional investors and hedge funds own 88.95% of the company’s stock.
About Edison International
Edison International (NYSE: EIX) is a holding company focused on electric power generation, transmission and distribution, as well as clean-energy solutions. Its principal subsidiary, Southern California Edison (SCE), is a regulated electric utility that delivers electricity to residential, commercial, industrial and public-sector customers.
SCE operates one of the largest electric utility systems in the United States, serving communities across central, coastal and Southern California.
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