Edison International (NYSE:EIX) Stock Rated “Reduce” by Sell-Side Brokerages

Shares of Edison International (NYSE:EIX) have been assigned a consensus recommendation of “Reduce” from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $60.45.

Several research analysts recently commented on EIX shares. Argus reiterated a “hold” rating on shares of Edison International in a research report on Wednesday, August 26th. Weiss Ratings cut Edison International from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, September 10th. Morgan Stanley decreased their price objective on Edison International from $65.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, September 18th. Jefferies Financial Group restated an “underperform” rating and set a $42.00 price objective (down from $53.00) on shares of Edison International in a research report on Friday, October 2nd. Finally, Truist Financial lowered their price objective on Edison International from $77.00 to $63.00 and set a “hold” rating for the company in a research note on Thursday, September 3rd.

Edison International Price Performance

EIX stock opened at $55.35 on Tuesday. Edison International has a 52 week low of $51.10 and a 52 week high of $81.62. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. The company has a fifty day simple moving average of $61.56 and a two-hundred day simple moving average of $68.86. The firm has a market capitalization of $21.30 billion, a P/E ratio of 5.71, a price-to-earnings-growth ratio of 2.23 and a beta of 0.62.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping analysts’ consensus estimates 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 company posted $0.97 EPS. 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. Analysts anticipate that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Wednesday, October 7th will be paid a $0.8775 dividend. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $3.51 annualized dividend and a yield of 6.3%. Edison International’s dividend payout ratio (DPR) is presently 36.19%.

Institutional Trading of Edison International

Several institutional investors and hedge funds have recently made changes to their positions in EIX. BlackRock Inc. bought a new position in Edison International in the 2nd quarter worth about $3,340,412,000. Legal & General Group Plc purchased a new position in shares of Edison International during the second quarter worth approximately $329,766,000. Bank of New York Mellon Corp bought a new stake in shares of Edison International during the second quarter valued at approximately $309,361,000. Hsbc Holdings PLC bought a new stake in shares of Edison International during the second quarter valued at approximately $261,275,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Edison International during the second quarter valued at approximately $212,053,000. 88.95% of the stock is currently owned by institutional investors.

About Edison International

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International’s history is rooted in Southern California Edison, which traces its origins to the late 19th century.