Brokerages Set Edison International (NYSE:EIX) Price Target at $65.25

Shares of Edison International (NYSE:EIX) have been assigned an average recommendation of “Hold” from the fifteen research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $66.45.

Several analysts have recently weighed in on EIX shares. JPMorgan Chase & Co. lifted their price objective on Edison International from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday, September 25th. Jefferies Financial Group lifted their price objective on Edison International from $57.00 to $59.00 and gave the stock a “hold” rating in a report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Edison International in a report on Wednesday, October 8th. Barclays lifted their price objective on Edison International from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, TD Cowen started coverage on Edison International in a report on Thursday, October 16th. They set a “buy” rating and a $71.00 price objective on the stock.

Edison International Stock Performance

EIX opened at $57.24 on Tuesday. The firm has a market capitalization of $22.03 billion, a P/E ratio of 8.41, a price-to-earnings-growth ratio of 0.87 and a beta of 0.80. The stock’s 50 day moving average price is $55.36 and its two-hundred day moving average price is $54.43. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. Edison International has a 12-month low of $47.73 and a 12-month high of $88.64.

Edison International (NYSE:EIX) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.52 billion. Edison International had a return on equity of 11.99% and a net margin of 16.00%.The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.23 EPS. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. On average, equities analysts forecast that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 7th will be paid a $0.8275 dividend. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $3.31 annualized dividend and a yield of 5.8%. Edison International’s payout ratio is currently 48.60%.

Hedge Funds Weigh In On Edison International

Institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Edison International during the second quarter worth $268,801,000. AQR Capital Management LLC boosted its position in shares of Edison International by 83.5% during the second quarter. AQR Capital Management LLC now owns 9,962,902 shares of the utilities provider’s stock worth $510,649,000 after buying an additional 4,534,864 shares during the period. JPMorgan Chase & Co. boosted its position in Edison International by 111.6% during the first quarter. JPMorgan Chase & Co. now owns 5,663,427 shares of the utilities provider’s stock valued at $333,689,000 after purchasing an additional 2,987,318 shares during the last quarter. ATLAS Infrastructure Partners UK Ltd. boosted its position in Edison International by 197.2% during the first quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,395,732 shares of the utilities provider’s stock valued at $258,997,000 after purchasing an additional 2,916,645 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Edison International by 4.9% in the second quarter. Vanguard Group Inc. now owns 51,470,117 shares of the utilities provider’s stock valued at $2,655,858,000 after buying an additional 2,386,562 shares during the period. Institutional investors own 88.95% of the company’s stock.

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.