Edison International (NYSE:EIX) Reaches New 12-Month High – Should You Buy?

Edison International (NYSE:EIX) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $76.28 and last traded at $76.2430, with a volume of 356954 shares trading hands. The stock had previously closed at $74.84.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EIX. Weiss Ratings upgraded Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 15th. Barclays decreased their target price on Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a research report on Wednesday, June 24th. Bank of America reduced their price objective on Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Finally, Truist Financial decreased their price objective on Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a report on Monday, May 18th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $72.64.

Edison International Stock Up 1.1%

The firm has a market capitalization of $29.12 billion, a PE ratio of 8.22, a PEG ratio of 1.31 and a beta of 0.66. The business’s fifty day moving average price is $71.28 and its 200 day moving average price is $68.66. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98.

Edison International (NYSE:EIX) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities research analysts forecast that Edison International will post 6.12 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th will be paid a $0.8775 dividend. This represents a $3.51 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Tuesday, July 7th. Edison International’s dividend payout ratio (DPR) is 38.11%.

Insider Activity

In other news, Director Peter J. Taylor sold 500 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $75.30, for a total transaction of $37,650.00. Following the completion of the sale, the director owned 34,212 shares in the company, valued at $2,576,163.60. This represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Edison International

Several institutional investors have recently bought and sold shares of the company. Gradient Investments LLC raised its stake in shares of Edison International by 949.8% during the 4th quarter. Gradient Investments LLC now owns 263,056 shares of the utilities provider’s stock worth $15,789,000 after buying an additional 237,999 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Edison International by 5.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,346,201 shares of the utilities provider’s stock worth $260,859,000 after acquiring an additional 220,785 shares during the period. Nordea Investment Management AB grew its holdings in Edison International by 5.6% during the fourth quarter. Nordea Investment Management AB now owns 1,790,277 shares of the utilities provider’s stock worth $108,204,000 after acquiring an additional 94,727 shares during the period. Vinva Investment Management Ltd raised its position in Edison International by 135.5% in the third quarter. Vinva Investment Management Ltd now owns 59,108 shares of the utilities provider’s stock worth $3,265,000 after acquiring an additional 34,014 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Edison International by 41.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock valued at $329,924,000 after acquiring an additional 1,609,847 shares during the period. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Company Profile

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.