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

Shares of Edison International (NYSE:EIX) have been given an average recommendation of “Moderate Buy” by the fifteen analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $76.1923.

Several equities research analysts have recently weighed in on the company. Wolfe Research lowered Edison International from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 9th. Evercore ISI reissued an “outperform” rating on shares of Edison International in a research note on Thursday, May 15th. Barclays raised their price objective on Edison International from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Morgan Stanley reduced their price objective on Edison International from $52.00 to $51.00 and set an “underweight” rating for the company in a research note on Wednesday, June 18th. Finally, JPMorgan Chase & Co. reduced their price objective on Edison International from $75.00 to $71.00 and set a “neutral” rating for the company in a research note on Monday, May 19th.

Edison International Stock Performance

Shares of NYSE EIX opened at $55.28 on Thursday. The stock has a fifty day moving average price of $51.79 and a two-hundred day moving average price of $54.21. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.81 and a current ratio of 0.87. The firm has a market cap of $21.27 billion, a P/E ratio of 8.12, a PEG ratio of 1.26 and a beta of 0.75. Edison International has a 1 year low of $47.73 and a 1 year high of $88.77.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. The firm had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.52 billion. Edison International had a return on equity of 11.99% and a net margin of 16.00%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the company posted $1.23 EPS. Research analysts forecast that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 7th were paid a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 6.0%. The ex-dividend date was Monday, July 7th. Edison International’s dividend payout ratio is currently 48.60%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. increased its stake in Edison International by 98.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 10,982 shares of the utilities provider’s stock valued at $647,000 after buying an additional 5,454 shares during the period. Tounjian Advisory Partners LLC acquired a new stake in Edison International during the first quarter valued at $1,151,000. Wealth Enhancement Advisory Services LLC boosted its position in Edison International by 135.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 123,851 shares of the utilities provider’s stock valued at $7,297,000 after purchasing an additional 71,159 shares during the last quarter. GAMMA Investing LLC boosted its position in Edison International by 4,157.4% during the first quarter. GAMMA Investing LLC now owns 145,179 shares of the utilities provider’s stock valued at $8,554,000 after purchasing an additional 141,769 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Edison International by 17.2% during the first quarter. Janney Montgomery Scott LLC now owns 107,332 shares of the utilities provider’s stock valued at $6,324,000 after purchasing an additional 15,718 shares during the last quarter. 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.