Edison International (EIX) Stock Price, News & Analysis

Company Overview

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. Its transmission facilities consist of lines ranging from 55 kV to 500 kV and approximately 80 transmission substations; distribution system consists of approximately 38,000 circuit-miles of overhead lines; approximately 31,000 circuit-miles of underground lines; and 730 distribution substations. The company was founded in 1886 and is based in Rosemead, California.

Key Stats

• Today's Range: $84.91 to $86.13
• 50-Day Range: $73.05 to $87.72
• 52-Week Range: $58.82 to $88.77
• Volume: 1.40 million shs
• Average Volume: 2.01 million shs
• Market Capitalization: $32.82 billion
• P/E Ratio: 37.41
• Dividend Yield: 3.66%
• Price Target: $85.83
• Consensus Rating: Moderate Buy

Edison International Stock Analysis - MarketRank™

Edison International scored higher than 97% of companies evaluated by MarketBeat, and ranked 9th out of 97 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Edison International has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 7 buy ratings, 4 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Edison International has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 13.91%

Earnings Growth

Earnings for Edison International are expected to grow by 13.91% in the coming year, from $4.96 to $5.65 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Edison International is 37.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.82.

Price to Earnings Ratio vs. Sector

The P/E ratio of Edison International is 37.41, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 92.14.

Price to Book Value per Share Ratio

Edison International has a P/B Ratio of 2.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.34% of the outstanding shares of Edison International have been sold short.

Short Interest Ratio / Days to Cover

Edison International has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Edison International has recently increased by 1.78%, indicating that investor sentiment is decreasing.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Leadership

Edison International is a leading dividend payer. It pays a dividend yield of 3.69%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Edison International has been increasing its dividend for 21 years.

Dividend Coverage

The dividend payout ratio of Edison International is 136.84%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Edison International will have a dividend payout ratio of 55.22% next year. This indicates that Edison International will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.9 / 5
• Environmental Score: -0.21

Percentage of Shares Shorted

1.34% of the outstanding shares of Edison International have been sold short.

Short Interest Ratio / Days to Cover

Edison International has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Edison International has recently increased by 1.78%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.72

News Sentiment

Edison International has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 19 news articles for Edison International this week, compared to 8 articles on an average week.

Search Interest

Only 16 people have searched for EIX on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

MarketBeat Follows

Only 7 people have added Edison International to their MarketBeat watchlist in the last 30 days. This is a decrease of -22% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Edison International insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,223,342.00 in company stock.

Percentage Held by Insiders

Only 1.03% of the stock of Edison International is held by insiders.

Percentage Held by Institutions

88.95% of the stock of Edison International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EIX Stock Analysis - Frequently Asked Questions

How have EIX shares performed this year?

Edison International's stock was trading at $71.49 at the beginning of the year. Since then, EIX shares have increased by 19.3% and is now trading at $85.29.
View the best growth stocks for 2024 here.

How were Edison International's earnings last quarter?

Edison International (NYSE:EIX) released its quarterly earnings results on Thursday, July, 25th. The utilities provider reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.18. The company's revenue for the quarter was up 9.4% on a year-over-year basis.
Read the conference call transcript.

Does Edison International have any subsidiaries?

Edison International subsidiaries include SoCore Energy, and Southern California Edison Company.

Who are Edison International's major shareholders?

Top institutional investors of Edison International include Pzena Investment Management LLC (3.33%), Legal & General Group Plc (1.37%), Massachusetts Financial Services Co. MA (1.35%) and Clearbridge Investments LLC (1.30%). Insiders that own company stock include Caroline Choi, J Andrew Murphy, Natalie K Schilling, Vanessa C L Chang and Peter J Taylor.
View institutional ownership trends.

How do I buy shares of Edison International?

Shares of EIX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Edison International own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Edison International investors own include Johnson & Johnson (JNJ), AT&T (T), Chevron (CVX), Intel (INTC), Verizon Communications (VZ), Cisco Systems (CSCO) and Pfizer (PFE).

Company Calendar

• Ex-Dividend for 7/31 Dividend: 7/08/2024
• Last Earnings: 7/25/2024
• Dividend Payable: 7/31/2024
• Today: 9/18/2024
• Next Earnings (Estimated): 11/06/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric services
• Sub-Industry: Electric Utilities
• Current Symbol: NYSE:EIX
• CUSIP: 28102010
• CIK: 827052
• Web: www.edison.com
• Phone: (626) 302-2222
• Fax: 626-302-1212
• Employees: 14,375
• Year Founded: 1886

Price Target and Rating

• Average Stock Price Target: $85.83
• High Stock Price Target: $97.00
• Low Stock Price Target: $68.00
• Potential Upside/Downside: +0.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.28
• Trailing P/E Ratio: 37.41
• Forward P/E Ratio: 17.20
• P/E Growth: N/A
• Net Income: $1.41 billion
• Net Margins: 6.60%
• Pretax Margin: 7.04%
• Return on Equity: 13.01%
• Return on Assets: 2.52%

Debt

• Debt-to-Equity Ratio: 2.04
• Current Ratio: 1.03
• Quick Ratio: 0.96

Sales & Book Value

• Annual Sales: $16.82 billion
• Price / Sales: 1.95
• Cash Flow: $13.06 per share
• Price / Cash Flow: 6.53
• Book Value: $42.42 per share
• Price / Book: 2.01

Miscellaneous

• Outstanding Shares: 384,753,000
• Free Float: 380,790,000
• Market Cap: $32.82 billion
• Optionable: Optionable
• Beta: 0.91