Edison International (NYSE:EIX) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Edison International (NYSE:EIX) have been given an average recommendation of “Moderate Buy” by the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $76.54.

Several equities research analysts have issued reports on EIX shares. Wells Fargo & Company decreased 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. LADENBURG THALM/SH SH raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target on the stock in a research note on Wednesday, January 15th. The Goldman Sachs Group decreased their price target on shares of Edison International from $88.00 to $68.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Morgan Stanley decreased their target price on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating on the stock in a research report on Friday, February 14th. Finally, Mizuho decreased their target price on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd.

Edison International Price Performance

Edison International stock opened at $56.46 on Monday. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. The stock has a market capitalization of $21.74 billion, a P/E ratio of 16.56, a P/E/G ratio of 1.07 and a beta of 0.87. The firm’s 50-day moving average is $58.91 and its two-hundred day moving average is $75.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81.

Edison International (NYSE:EIX) last released its quarterly earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share (EPS) 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 firm had revenue of $17.60 billion for the quarter, compared to analyst estimates of $3.92 billion. Equities analysts predict that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 yield of 5.86%. Edison International’s payout ratio is 100.30%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Assetmark Inc. raised its holdings in Edison International by 32.9% in the third quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock valued at $55,000 after buying an additional 157 shares during the period. Jamison Private Wealth Management Inc. raised its stake in shares of Edison International by 2.6% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 6,887 shares of the utilities provider’s stock valued at $550,000 after purchasing an additional 174 shares during the period. Bleakley Financial Group LLC raised its stake in shares of Edison International by 2.9% during the fourth quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider’s stock valued at $503,000 after purchasing an additional 176 shares during the period. Old Port Advisors raised its stake in shares of Edison International by 0.9% during the fourth quarter. Old Port Advisors now owns 19,292 shares of the utilities provider’s stock valued at $1,540,000 after purchasing an additional 180 shares during the period. Finally, Addison Advisors LLC raised its stake in shares of Edison International by 19.3% during the third quarter. Addison Advisors LLC now owns 1,201 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 194 shares during the period. Hedge funds and other 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.