Shares of Edison International (NYSE:EIX) have been assigned a consensus recommendation of “Hold” from the seventeen research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $67.95.
A number of equities analysts have recently commented on EIX shares. Zacks Investment Research lowered Edison International from a “buy” rating to a “hold” rating in a research note on Monday, December 17th. Barclays dropped their price objective on Edison International from $73.00 to $58.00 and set a “hold” rating on the stock in a research note on Monday, November 19th. SunTrust Banks dropped their price objective on Edison International to $75.00 and set a “buy” rating on the stock in a research note on Thursday, November 15th. Edward Jones lowered Edison International from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Edison International in a research note on Monday, December 24th.
Edison International stock opened at $59.34 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market capitalization of $19.03 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 2.16 and a beta of -0.06. Edison International has a 52 week low of $45.50 and a 52 week high of $71.00.
Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, October 30th. The utilities provider reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.25. The business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $3.47 billion. Edison International had a return on equity of 10.61% and a net margin of 4.47%. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 earnings per share. Analysts anticipate that Edison International will post 4.15 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Monday, December 31st will be paid a dividend of $0.6125 per share. This represents a $2.45 annualized dividend and a yield of 4.13%. This is a positive change from Edison International’s previous quarterly dividend of $0.61. The ex-dividend date is Friday, December 28th. Edison International’s payout ratio is currently 54.44%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Moody National Bank Trust Division increased its stake in Edison International by 0.8% during the fourth quarter. Moody National Bank Trust Division now owns 46,471 shares of the utilities provider’s stock valued at $2,638,000 after acquiring an additional 349 shares during the period. Reilly Financial Advisors LLC boosted its holdings in Edison International by 18.6% during the third quarter. Reilly Financial Advisors LLC now owns 4,567 shares of the utilities provider’s stock valued at $309,000 after purchasing an additional 717 shares in the last quarter. Strs Ohio boosted its holdings in Edison International by 1.4% during the third quarter. Strs Ohio now owns 59,183 shares of the utilities provider’s stock valued at $4,005,000 after purchasing an additional 832 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in Edison International by 3.6% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 24,087 shares of the utilities provider’s stock valued at $1,630,000 after purchasing an additional 834 shares in the last quarter. Finally, WEALTHFRONT Corp boosted its holdings in Edison International by 6.0% during the third quarter. WEALTHFRONT Corp now owns 16,506 shares of the utilities provider’s stock valued at $1,117,000 after purchasing an additional 927 shares in the last quarter. Hedge funds and other institutional investors own 83.22% of the company’s stock.
About Edison International
Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.
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