Edison International (NYSE:EIX) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Edison International (NYSE:EIX) from a buy rating to a hold rating in a research note published on Sunday morning.

EIX has been the subject of a number of other research reports. JPMorgan Chase & Co. upped their price objective on shares of Edison International from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Edison International in a research note on Wednesday, November 5th. Cowen assumed coverage on Edison International in a research note on Wednesday, October 15th. They set a “buy” rating on the stock. UBS Group decreased their price objective on Edison International from $68.00 to $66.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Finally, LADENBURG THALM/SH SH boosted their target price on Edison International from $52.50 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $64.30.

Edison International Stock Performance

Shares of NYSE EIX opened at $57.89 on Friday. The stock’s 50-day moving average is $55.60 and its 200 day moving average is $54.39. The stock has a market cap of $22.28 billion, a price-to-earnings ratio of 7.57, a P/E/G ratio of 0.83 and a beta of 0.85. Edison International has a 1-year low of $47.73 and a 1-year high of $88.64. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.95.

Edison International (NYSE:EIX) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.18. Edison International had a return on equity of 13.62% and a net margin of 17.24%.The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.31 billion. During the same quarter in the prior year, the firm earned $1.51 earnings per share. Edison International’s revenue for the quarter was up 10.6% on a year-over-year basis. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. On average, sell-side analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th were issued a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Tuesday, October 7th. Edison International’s dividend payout ratio is currently 43.27%.

Insider Transactions at Edison International

In related news, Director Peter J. Taylor sold 1,800 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $55.27, for a total transaction of $99,486.00. Following the transaction, the director owned 35,212 shares in the company, valued at $1,946,167.24. The trade was a 4.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Edison International

Large investors have recently made changes to their positions in the business. Waddell & Associates LLC increased its stake in shares of Edison International by 62.1% during the third quarter. Waddell & Associates LLC now owns 8,619 shares of the utilities provider’s stock valued at $476,000 after buying an additional 3,303 shares during the period. TD Asset Management Inc lifted its stake in Edison International by 58.9% in the third quarter. TD Asset Management Inc now owns 513,745 shares of the utilities provider’s stock worth $28,400,000 after acquiring an additional 190,425 shares during the period. Affinity Investment Advisors LLC bought a new stake in Edison International in the third quarter valued at $228,000. Mufg Securities Americas Inc. increased its position in Edison International by 21.7% during the 3rd quarter. Mufg Securities Americas Inc. now owns 10,378 shares of the utilities provider’s stock valued at $574,000 after purchasing an additional 1,851 shares during the period. Finally, AXQ Capital LP purchased a new position in Edison International during the 3rd quarter valued at $543,000. 88.95% of the stock is currently owned by institutional investors.

Edison International Company Profile

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.