Edison International (NYSE:EIX) Receives $82.11 Consensus Target Price from Brokerages

Edison International (NYSE:EIX) has received an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $80.39.

A number of analysts recently weighed in on the company. LADENBURG THALM/SH SH upgraded Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective for the company in a report on Wednesday, January 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $72.00 price target on shares of Edison International in a research report on Wednesday. Guggenheim cut shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. UBS Group cut their price objective on shares of Edison International from $87.00 to $69.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Jefferies Financial Group assumed coverage on shares of Edison International in a research report on Thursday, November 7th. They issued a “buy” rating and a $93.00 price target on the stock.

Institutional Investors Weigh In On Edison International

Several large investors have recently modified their holdings of EIX. AMF Tjanstepension AB increased its stake in shares of Edison International by 9.8% during the 3rd quarter. AMF Tjanstepension AB now owns 271,365 shares of the utilities provider’s stock worth $23,662,000 after purchasing an additional 24,208 shares during the last quarter. CWM LLC grew its position in Edison International by 5.4% during the third quarter. CWM LLC now owns 12,313 shares of the utilities provider’s stock worth $1,072,000 after buying an additional 626 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Edison International by 597.6% during the third quarter. Exchange Traded Concepts LLC now owns 3,858 shares of the utilities provider’s stock worth $336,000 after buying an additional 3,305 shares in the last quarter. Creative Planning grew its position in Edison International by 6.4% during the third quarter. Creative Planning now owns 50,962 shares of the utilities provider’s stock worth $4,438,000 after buying an additional 3,078 shares in the last quarter. Finally, Swedbank AB grew its position in Edison International by 13.5% during the third quarter. Swedbank AB now owns 506,819 shares of the utilities provider’s stock worth $44,139,000 after buying an additional 60,182 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Stock Down 2.7 %

Shares of NYSE:EIX opened at $50.11 on Thursday. The company has a fifty day moving average of $67.14 and a 200-day moving average of $78.53. The company has a market capitalization of $19.40 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 1.05 and a beta of 0.90. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. Edison International has a 52-week low of $49.06 and a 52-week high of $88.77.

Edison International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th were paid a dividend of $0.8275 per share. The ex-dividend date was Tuesday, January 7th. This represents a $3.31 annualized dividend and a dividend yield of 6.61%. This is a positive change from Edison International’s previous quarterly dividend of $0.78. Edison International’s dividend payout ratio (DPR) is presently 97.07%.

About Edison International

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.