Edison International (NYSE:EIX) Price Target Lowered to $66.00 at Mizuho

Edison International (NYSE:EIX) had its price objective lowered by Mizuho from $75.00 to $66.00 in a research note issued to investors on Monday morning,Benzinga reports. Mizuho currently has an outperform rating on the utilities provider’s stock.

EIX has been the subject of a number of other research reports. Guggenheim downgraded shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Wells Fargo & Company cut their price objective on Edison International from $94.00 to $75.00 and set an “overweight” rating for the company in a report on Friday. Jefferies Financial Group began coverage on Edison International in a research note on Thursday, November 7th. They issued a “buy” rating and a $93.00 target price on the stock. LADENBURG THALM/SH SH raised Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price on the stock in a research report on Wednesday, January 15th. Finally, Barclays reduced their price target on Edison International from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.25.

Edison International Trading Up 1.7 %

NYSE:EIX opened at $55.34 on Monday. The company has a market cap of $21.42 billion, a PE ratio of 16.23, a P/E/G ratio of 1.07 and a beta of 0.90. The business’s 50 day moving average is $60.89 and its two-hundred day moving average is $76.21. 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 52 week low of $49.06 and a 52 week high of $88.77.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.03). Edison International had a return on equity of 13.17% and a net margin of 8.52%. The company had revenue of $17.60 billion during the quarter, compared to analyst estimates of $3.92 billion. On average, analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be paid a dividend of $0.8275 per share. The ex-dividend date is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.98%. Edison International’s payout ratio is presently 100.30%.

Institutional Investors Weigh In On Edison International

Several hedge funds have recently modified their holdings of the company. Crews Bank & Trust bought a new stake in shares of Edison International during the fourth quarter worth about $25,000. Groupama Asset Managment grew its holdings in Edison International by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 237 shares during the last quarter. Larson Financial Group LLC increased its position in Edison International by 125.0% in the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 195 shares during the period. Prospera Private Wealth LLC bought a new position in shares of Edison International during the third quarter valued at $32,000. Finally, Sierra Ocean LLC acquired a new position in shares of Edison International during the fourth quarter worth $33,000. Institutional investors and hedge funds 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.