Edison International (NYSE:EIX – Get Free Report) has earned a consensus rating of “Hold” from the thirteen research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $72.4545.
A number of equities research analysts have weighed in on the company. Truist Financial cut their target price on Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a research report on Tuesday, August 4th. Weiss Ratings cut Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. boosted their price target on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Mizuho boosted their target price on shares of Edison International from $79.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, Barclays reissued an “equal weight” rating and set a $75.00 target price (down from $78.00) on shares of Edison International in a research note on Friday, July 31st.
Get Our Latest Stock Analysis on Edison International
Edison International Stock Down 0.1%
Edison International (NYSE:EIX – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.36. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period last year, the firm posted $0.97 earnings per share. The business’s revenue was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, analysts forecast that Edison International will post 6.13 earnings per share for the current fiscal year.
Edison International Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were issued a $0.8775 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $3.51 annualized dividend and a dividend yield of 4.9%. Edison International’s dividend payout ratio is currently 36.19%.
Institutional Investors Weigh In On Edison International
Several large investors have recently modified their holdings of EIX. Allworth Financial LP purchased a new stake in shares of Edison International during the 2nd quarter worth about $2,586,000. Goldman Sachs Group Inc. grew its stake in shares of Edison International by 41.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock valued at $329,924,000 after buying an additional 1,609,847 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Edison International in the 1st quarter valued at approximately $1,503,000. Chicago Partners Investment Group LLC increased its holdings in Edison International by 128.7% in the fourth quarter. Chicago Partners Investment Group LLC now owns 23,765 shares of the utilities provider’s stock worth $1,444,000 after buying an additional 13,375 shares during the last quarter. Finally, Del Sette Capital Management LLC acquired a new position in Edison International in the first quarter worth approximately $3,275,000. 88.95% of the stock is owned by institutional investors.
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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