Edison International (NYSE:EIX) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Edison International (NYSE:EIX - Free Report) in a research report report published on Thursday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $93.00 price target on the utilities provider's stock.

A number of other brokerages have also recently weighed in on EIX. Guggenheim increased their target price on shares of Edison International from $80.00 to $83.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Morgan Stanley boosted their price objective on shares of Edison International from $68.00 to $72.00 and gave the company an "underweight" rating in a research report on Wednesday, September 25th. Evercore ISI raised their target price on shares of Edison International from $82.00 to $88.00 and gave the stock an "outperform" rating in a report on Wednesday, August 14th. Barclays upped their target price on Edison International from $89.00 to $91.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada boosted their price objective on Edison International from $94.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Edison International presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.75.

Edison International Stock Up 0.4 %

NYSE:EIX traded up $0.30 during mid-day trading on Thursday, reaching $81.47. The stock had a trading volume of 2,593,766 shares, compared to its average volume of 2,013,540. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The company has a market capitalization of $31.54 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 1.88 and a beta of 0.92. Edison International has a 1-year low of $62.21 and a 1-year high of $88.77. The stock's 50 day simple moving average is $85.17 and its two-hundred day simple moving average is $79.08.

Edison International (NYSE:EIX - Get Free Report) last issued its earnings results on Tuesday, October 29th. The utilities provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.38 by $0.13. The company had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.01 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The business's revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.38 EPS. Equities analysts anticipate that Edison International will post 4.94 EPS for the current year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 7th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend was Monday, October 7th. Edison International's payout ratio is currently 91.50%.

Insider Activity at Edison International

In other Edison International news, VP Adam S. Umanoff sold 25,619 shares of the business's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $83.05, for a total transaction of $2,127,657.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP Adam S. Umanoff sold 25,619 shares of the business's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $83.05, for a total value of $2,127,657.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO J Andrew Murphy sold 23,896 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $85.45, for a total value of $2,041,913.20. Following the transaction, the chief executive officer now directly owns 19,850 shares of the company's stock, valued at $1,696,182.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,878 shares of company stock worth $4,285,422 in the last 90 days. Corporate insiders own 1.20% of the company's stock.

Institutional Trading of Edison International

A number of hedge funds and other institutional investors have recently made changes to their positions in EIX. Lake Street Advisors Group LLC boosted its holdings in Edison International by 4.3% during the third quarter. Lake Street Advisors Group LLC now owns 3,015 shares of the utilities provider's stock worth $263,000 after buying an additional 124 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its stake in shares of Edison International by 2.8% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 4,779 shares of the utilities provider's stock worth $416,000 after acquiring an additional 129 shares in the last quarter. SFE Investment Counsel grew its holdings in shares of Edison International by 0.3% in the 3rd quarter. SFE Investment Counsel now owns 42,730 shares of the utilities provider's stock worth $3,721,000 after acquiring an additional 130 shares during the last quarter. Equitable Trust Co. raised its position in shares of Edison International by 0.9% during the second quarter. Equitable Trust Co. now owns 15,424 shares of the utilities provider's stock worth $1,108,000 after purchasing an additional 132 shares during the period. Finally, TIAA Trust National Association lifted its holdings in shares of Edison International by 2.0% during the second quarter. TIAA Trust National Association now owns 6,723 shares of the utilities provider's stock valued at $483,000 after purchasing an additional 134 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

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.