Edison International (NYSE:EIX) Receives $83.58 Average PT from Analysts

Shares of Edison International (NYSE:EIX - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirteen brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $83.58.

A number of brokerages have weighed in on EIX. LADENBURG THALM/SH SH raised shares of Edison International from a "sell" rating to a "neutral" rating and set a $56.50 target price for the company in a research note on Wednesday. UBS Group dropped their price objective on shares of Edison International from $87.00 to $69.00 and set a "neutral" rating for the company in a research report on Thursday. Wells Fargo & Company increased their price objective on Edison International from $87.00 to $94.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Jefferies Financial Group started coverage on Edison International in a research report on Thursday, November 7th. They set a "buy" rating and a $93.00 target price for the company. Finally, Morgan Stanley cut their price target on Edison International from $74.00 to $72.00 and set an "underweight" rating on the stock in a research note on Friday, November 22nd.

Insider Activity

In related news, VP Adam S. Umanoff sold 25,619 shares of the business's stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Lake Street Advisors Group LLC raised its stake in shares of Edison International by 4.3% in the 3rd quarter. Lake Street Advisors Group LLC now owns 3,015 shares of the utilities provider's stock valued at $263,000 after purchasing an additional 124 shares during the period. Baker Tilly Wealth Management LLC boosted its holdings in shares of Edison International by 2.8% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 4,779 shares of the utilities provider's stock valued at $416,000 after buying an additional 129 shares during the last quarter. SFE Investment Counsel grew its stake in shares of Edison International by 0.3% in the third quarter. SFE Investment Counsel now owns 42,730 shares of the utilities provider's stock valued at $3,721,000 after buying an additional 130 shares in the last quarter. Assetmark Inc. raised its position in Edison International by 32.9% during the third quarter. Assetmark Inc. now owns 634 shares of the utilities provider's stock worth $55,000 after acquiring an additional 157 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in Edison International by 2.1% in the third quarter. Dynamic Advisor Solutions LLC now owns 7,697 shares of the utilities provider's stock valued at $670,000 after acquiring an additional 159 shares during the last quarter. Institutional investors own 88.95% of the company's stock.

Edison International Price Performance

EIX stock traded up $1.56 during midday trading on Friday, reaching $62.72. 5,676,545 shares of the company's stock traded hands, compared to its average volume of 2,212,710. The company has a 50-day simple moving average of $79.50 and a two-hundred day simple moving average of $81.35. 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 1-year low of $55.27 and a 1-year high of $88.77. The company has a market cap of $24.28 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.34 and a beta of 0.93.

Edison International (NYSE:EIX - Get Free Report) last announced its earnings results on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates 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 firm's quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the company posted $1.38 earnings per share. On average, analysts anticipate that Edison International will post 4.94 earnings per share for the current year.

Edison International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 7th will be paid a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 5.28%. The ex-dividend date is Tuesday, January 7th. This is an increase from Edison International's previous quarterly dividend of $0.78. Edison International's dividend payout ratio is presently 97.07%.

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.