Edison International (NYSE:EIX) Receives $76.54 Consensus Target Price from Analysts

Edison International (NYSE:EIX) has received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $76.54.

Several brokerages recently weighed in on EIX. Morgan Stanley decreased their price objective on Edison International from $71.00 to $48.00 and set an “underweight” rating for the company in a report on Friday, February 14th. Guggenheim downgraded shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Wells Fargo & Company dropped their price target on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. The Goldman Sachs Group reduced their price objective on shares of Edison International from $88.00 to $68.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Finally, Mizuho lowered their target price on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd.

Edison International Stock Up 2.1 %

Shares of NYSE:EIX opened at $57.01 on Monday. The business’s 50 day moving average is $56.56 and its 200 day moving average is $74.55. The stock has a market cap of $21.95 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 1.07 and a beta of 0.87. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77.

Edison International (NYSE:EIX) last released its earnings results on Thursday, February 27th. The utilities provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.03). The business had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $3.92 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. On average, sell-side analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be issued a $0.8275 dividend. The ex-dividend date is Monday, April 7th. This represents a $3.31 annualized dividend and a dividend yield of 5.81%. Edison International’s payout ratio is currently 100.30%.

Institutional Investors Weigh In On Edison International

Several large investors have recently added to or reduced their stakes in EIX. Crews Bank & Trust purchased a new stake in shares of Edison International in the 4th quarter valued at about $25,000. Larson Financial Group LLC raised its stake in Edison International by 125.0% in the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 195 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in Edison International in the third quarter valued at approximately $32,000. Darwin Wealth Management LLC bought a new stake in Edison International during the third quarter valued at approximately $35,000. Finally, Sierra Ocean LLC purchased a new position in Edison International in the 4th quarter worth approximately $33,000. 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.