Edison International (NYSE:EIX) Receives $88.36 Consensus Price Target from Analysts

Edison International (NYSE:EIX - Get Free Report) has received an average rating of "Moderate Buy" from the eleven analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $88.36.

A number of research firms have weighed in on EIX. Royal Bank of Canada upped their price objective on shares of Edison International from $94.00 to $100.00 and gave the stock an "outperform" rating in a research report on Friday, October 4th. UBS Group upped their price target on shares of Edison International from $86.00 to $89.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 4th. Bank of America started coverage on Edison International in a report on Thursday, September 12th. They issued a "buy" rating and a $95.00 price objective on the stock. Argus increased their target price on Edison International from $82.00 to $97.00 and gave the company a "buy" rating in a report on Wednesday, September 11th. Finally, Guggenheim raised their target price on Edison International from $80.00 to $83.00 and gave the company a "buy" rating in a research report on Friday, July 26th.

Edison International Stock Performance

EIX traded up $0.97 on Tuesday, reaching $81.97. The stock had a trading volume of 1,891,927 shares, compared to its average volume of 2,003,550. The business's 50-day moving average price is $85.31 and its two-hundred day moving average price is $78.98. The company has a market cap of $31.73 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 1.89 and a beta of 0.92. Edison International has a 12-month low of $62.21 and a 12-month high of $88.77. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96.

Edison International (NYSE:EIX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.38 by $0.13. The company had revenue of $5.20 billion for 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 quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the company earned $1.38 earnings per share. Sell-side analysts forecast that Edison International will post 4.94 earnings per share for the current year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, October 7th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date was Monday, October 7th. Edison International's dividend payout ratio (DPR) is presently 91.50%.

Insider Activity

In related news, CEO J Andrew Murphy sold 1,362 shares of the company's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $85.00, for a total value of $115,770.00. Following the completion of the sale, the chief executive officer now owns 19,850 shares of the company's stock, valued at approximately $1,687,250. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO J Andrew Murphy sold 1,362 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $85.00, for a total value of $115,770.00. Following the transaction, the chief executive officer now directly owns 19,850 shares in the company, valued at approximately $1,687,250. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Adam S. Umanoff sold 25,619 shares of the 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 50,877 shares of company stock valued at $4,285,341. 1.20% of the stock is currently owned by insiders.

Institutional Trading of Edison International

Several institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors lifted its position in shares of Edison International by 1.7% during the first quarter. Capital Research Global Investors now owns 20,344,752 shares of the utilities provider's stock worth $1,438,984,000 after purchasing an additional 345,189 shares in the last quarter. Capital International Investors lifted its holdings in Edison International by 6.4% during the 1st quarter. Capital International Investors now owns 13,297,917 shares of the utilities provider's stock worth $940,562,000 after buying an additional 795,950 shares in the last quarter. Clearbridge Investments LLC boosted its position in Edison International by 0.5% in the 2nd quarter. Clearbridge Investments LLC now owns 5,015,988 shares of the utilities provider's stock valued at $360,198,000 after buying an additional 24,834 shares during the period. American Century Companies Inc. grew its stake in shares of Edison International by 1.8% in the second quarter. American Century Companies Inc. now owns 3,864,399 shares of the utilities provider's stock worth $277,503,000 after acquiring an additional 67,089 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Edison International by 10.1% during the second quarter. Hsbc Holdings PLC now owns 2,073,569 shares of the utilities provider's stock worth $148,768,000 after acquiring an additional 190,026 shares during the period. 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.