Edison International (NYSE:EIX) Downgraded by Wall Street Zen to Hold

Wall Street Zen lowered shares of Edison International (NYSE:EIX) from a buy rating to a hold rating in a report published on Monday.

A number of other analysts have also recently issued reports on the company. UBS Group boosted their target price on Edison International from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research report on Monday, December 15th. Wells Fargo & Company upgraded shares of Edison International to a “hold” rating in a research note on Tuesday, October 28th. Jefferies Financial Group increased their price objective on shares of Edison International from $57.00 to $59.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research lowered shares of Edison International from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Edison International has an average rating of “Hold” and a consensus target price of $63.50.

Edison International Trading Up 0.8%

EIX stock opened at $60.61 on Monday. The company has a market cap of $23.32 billion, a price-to-earnings ratio of 7.92, a PEG ratio of 0.90 and a beta of 0.83. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 1.95. The business has a fifty day simple moving average of $57.70 and a 200-day simple moving average of $54.85. Edison International has a 52 week low of $47.73 and a 52 week high of $81.02.

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

Edison International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Wednesday, January 7th will be issued a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Wednesday, January 7th. This is a positive change from Edison International’s previous quarterly dividend of $0.83. Edison International’s dividend payout ratio (DPR) is 43.27%.

Insider Transactions at Edison International

In related news, Director Peter J. Taylor sold 1,800 shares of Edison International stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $55.27, for a total transaction of $99,486.00. Following the sale, the director owned 35,212 shares of the company’s stock, valued at $1,946,167.24. The trade was a 4.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.20% of the stock is owned by company insiders.

Institutional Trading of Edison International

Large investors have recently modified their holdings of the business. Maryland State Retirement & Pension System raised its stake in shares of Edison International by 5.3% in the 2nd quarter. Maryland State Retirement & Pension System now owns 364,525 shares of the utilities provider’s stock valued at $18,809,000 after purchasing an additional 18,412 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Edison International by 7.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 132,866 shares of the utilities provider’s stock valued at $6,982,000 after buying an additional 9,015 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in Edison International during the second quarter valued at approximately $456,000. Voya Investment Management LLC lifted its holdings in Edison International by 9.8% during the 1st quarter. Voya Investment Management LLC now owns 351,524 shares of the utilities provider’s stock worth $20,712,000 after buying an additional 31,488 shares during the last quarter. Finally, Moody National Bank Trust Division grew its position in shares of Edison International by 107.2% in the 2nd quarter. Moody National Bank Trust Division now owns 23,573 shares of the utilities provider’s stock worth $1,216,000 after acquiring an additional 12,195 shares in the last quarter. 88.95% of the stock is currently 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.