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Edison International (EIX) Stock Price, News & Analysis

Edison International logo
$80.26 +0.54 (+0.68%)
(As of 12/24/2024 05:10 PM ET)

About Edison International Stock (NYSE:EIX)

Key Stats

Today's Range
$79.42
$80.30
50-Day Range
$77.93
$88.39
52-Week Range
$63.15
$88.77
Volume
997,099 shs
Average Volume
2.04 million shs
Market Capitalization
$31.07 billion
P/E Ratio
23.54
Dividend Yield
4.12%
Price Target
$88.58
Consensus Rating
Moderate Buy

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.

Edison International Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
100th Percentile Overall Score

EIX MarketRank™: 

Edison International scored higher than 100% of companies evaluated by MarketBeat, and ranked 1st out of 92 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Edison International has received a consensus rating of Moderate Buy. The company's average rating score is 2.58, and is based on 8 buy ratings, 3 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Edison International has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Edison International's stock forecast and price target.
  • Earnings Growth

    Earnings for Edison International are expected to grow by 15.99% in the coming year, from $4.94 to $5.73 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Edison International is 23.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.12.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Edison International is 23.54, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 95.82.

  • Price to Earnings Growth Ratio

    Edison International has a PEG Ratio of 1.96. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Edison International has a P/B Ratio of 1.89. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.44% 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 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Edison International has recently decreased by 7.46%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    Edison International is a leading dividend payer. It pays a dividend yield of 4.00%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Edison International has been increasing its dividend for 22 years.

  • Dividend Coverage

    The dividend payout ratio of Edison International is 97.07%. 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 57.77% next year. This indicates that Edison International will be able to sustain or increase its dividend.

  • Read more about Edison International's dividend.
  • Percentage of Shares Shorted

    1.44% 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 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Edison International has recently decreased by 7.46%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Edison International has a news sentiment score of 0.49. 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 news sentiment score is similar to the average news sentiment of Utilities companies.
  • News Coverage This Week

    MarketBeat has tracked 11 news articles for Edison International this week, compared to 9 articles on an average week.
  • Search Interest

    14 people have searched for EIX on MarketBeat in the last 30 days. This is an increase of 27% compared to the previous 30 days.
  • MarketBeat Follows

    Only 8 people have added Edison International to their MarketBeat watchlist in the last 30 days. This is a decrease of -11% compared to the previous 30 days.
  • 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 $2,127,738.00 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.

  • Read more about Edison International's insider trading history.
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EIX Stock News Headlines

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EIX Stock Analysis - Frequently Asked Questions

Edison International's stock was trading at $71.49 on January 1st, 2024. Since then, EIX stock has increased by 12.3% and is now trading at $80.26.
View the best growth stocks for 2024 here
.

Edison International (NYSE:EIX) announced its quarterly earnings data on Tuesday, October, 29th. The utilities provider reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.13. The company's quarterly revenue was up 10.6% on a year-over-year basis.
Read the conference call transcript
.

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

Edison International's top institutional investors include State Street Corp (8.41%), FMR LLC (5.63%), Geode Capital Management LLC (2.48%) and Pzena Investment Management LLC (2.39%). Insiders that own company stock include Maria C Rigatti, Caroline Choi, J Andrew Murphy, Natalie K Schilling, Vanessa C L Chang and Adam S Umanoff.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Edison International investors own include Chevron (CVX), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), AT&T (T), Meta Platforms (META) and Exxon Mobil (XOM).

Company Calendar

Ex-Dividend for 10/31 Dividend
10/07/2024
Last Earnings
10/29/2024
Dividend Payable
10/31/2024
Today
12/24/2024
Fiscal Year End
12/31/2024
Ex-Dividend for 1/31 Dividend
1/07/2025
Dividend Payable
1/31/2025

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Electric Utilities
CUSIP
28102010
Employees
14,375
Year Founded
1886

Price Target and Rating

Average Stock Price Target
$88.58
High Stock Price Target
$100.00
Low Stock Price Target
$72.00
Potential Upside/Downside
+10.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$1.41 billion
Pretax Margin
9.47%

Debt

Sales & Book Value

Annual Sales
$17.32 billion
Cash Flow
$12.70 per share
Book Value
$42.42 per share

Miscellaneous

Free Float
383,162,000
Market Cap
$31.07 billion
Optionable
Optionable
Beta
0.92

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This page (NYSE:EIX) was last updated on 12/25/2024 by MarketBeat.com Staff
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