Barclays Issues Pessimistic Forecast for Edison International (NYSE:EIX) Stock Price

Edison International (NYSE:EIX - Free Report) had its price target trimmed by Barclays from $76.00 to $67.00 in a report released on Thursday,Benzinga reports. The firm currently has an overweight rating on the utilities provider's stock.

A number of other equities analysts have also recently commented on the stock. UBS Group decreased their target price on shares of Edison International from $87.00 to $69.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Jefferies Financial Group initiated coverage on Edison International in a report on Thursday, November 7th. They set a "buy" rating and a $93.00 target price for the company. Royal Bank of Canada raised their price target on Edison International from $94.00 to $100.00 and gave the stock an "outperform" rating in a research report on Friday, October 4th. Morgan Stanley lowered their price objective on Edison International from $74.00 to $72.00 and set an "underweight" rating for the company in a research report on Friday, November 22nd. Finally, LADENBURG THALM/SH SH upgraded shares of Edison International from a "sell" rating to a "neutral" rating and set a $56.50 target price on the stock in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $82.88.

Edison International Price Performance

NYSE:EIX traded down $1.19 during midday trading on Thursday, hitting $57.10. The company had a trading volume of 4,310,181 shares, compared to its average volume of 7,287,630. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $22.11 billion, a PE ratio of 16.75, a P/E/G ratio of 1.28 and a beta of 0.93. The stock's fifty day moving average price is $78.19 and its 200-day moving average price is $81.12. Edison International has a 52-week low of $55.27 and a 52-week high of $88.77.

Edison International (NYSE:EIX - Get Free Report) last issued its earnings results on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.13. The business 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%. Edison International's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.38 earnings per share. As a group, research analysts expect that Edison International will post 4.94 earnings per share for the current year.

Edison International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 7th will be paid a $0.8275 dividend. This is an increase from Edison International's previous quarterly dividend of $0.78. This represents a $3.31 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date of this dividend is Tuesday, January 7th. Edison International's dividend payout ratio is presently 97.07%.

Insiders Place Their Bets

In related news, VP Adam S. Umanoff sold 25,619 shares of the company'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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.03% of the stock is currently owned by company insiders.

Institutional Trading of Edison International

A number of hedge funds have recently modified their holdings of EIX. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Edison International in the third quarter worth about $1,387,000. Hennion & Walsh Asset Management Inc. bought a new position in Edison International during the 4th quarter valued at approximately $235,000. CHURCHILL MANAGEMENT Corp boosted its holdings in Edison International by 6.6% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 80,908 shares of the utilities provider's stock worth $6,460,000 after acquiring an additional 5,011 shares in the last quarter. Ameritas Advisory Services LLC grew its stake in shares of Edison International by 54.7% in the fourth quarter. Ameritas Advisory Services LLC now owns 27,200 shares of the utilities provider's stock worth $2,172,000 after acquiring an additional 9,612 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Edison International by 5.2% during the third quarter. Stifel Financial Corp now owns 309,716 shares of the utilities provider's stock valued at $26,973,000 after acquiring an additional 15,181 shares in the last quarter. Institutional investors own 88.95% of the company's stock.

About Edison International

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.