Edison International (NYSE:EIX) Given Consensus Recommendation of “Hold” by Analysts

Shares of Edison International (NYSE:EIX) have been given an average recommendation of “Hold” by the eleven brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $80.73.

Several brokerages recently commented on EIX. Wells Fargo & Company upped their target price on Edison International from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Guggenheim lifted their target price on shares of Edison International from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Morgan Stanley boosted their target price on shares of Edison International from $62.00 to $68.00 and gave the company an “underweight” rating in a report on Friday, August 23rd. UBS Group downgraded Edison International from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $83.00 to $82.00 in a report on Friday, July 19th. Finally, Barclays boosted their price objective on Edison International from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th.

Insider Buying and Selling at Edison International

In other news, CEO J Andrew Murphy sold 32,505 shares of Edison International stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $80.12, for a total value of $2,604,300.60. Following the completion of the transaction, the chief executive officer now owns 19,660 shares in the company, valued at $1,575,159.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Caroline Choi sold 10,004 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $75.77, for a total transaction of $758,003.08. Following the sale, the senior vice president now owns 26,918 shares of the company’s stock, valued at approximately $2,039,576.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Andrew Murphy sold 32,505 shares of Edison International stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $80.12, for a total value of $2,604,300.60. Following the transaction, the chief executive officer now directly owns 19,660 shares of the company’s stock, valued at approximately $1,575,159.20. The disclosure for this sale can be found here. Insiders have sold a total of 99,103 shares of company stock valued at $7,981,345 over the last three months. 1.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Edison International

A number of institutional investors and hedge funds have recently modified their holdings of EIX. Equitable Trust Co. lifted its stake in Edison International by 0.9% in the 2nd quarter. Equitable Trust Co. now owns 15,424 shares of the utilities provider’s stock worth $1,108,000 after purchasing an additional 132 shares in the last quarter. TIAA Trust National Association raised its position in shares of Edison International by 2.0% in the second quarter. TIAA Trust National Association now owns 6,723 shares of the utilities provider’s stock worth $483,000 after buying an additional 134 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in Edison International by 53.8% during the second quarter. Farmers & Merchants Investments Inc. now owns 400 shares of the utilities provider’s stock valued at $29,000 after buying an additional 140 shares during the period. Asset Dedication LLC grew its position in Edison International by 37.5% during the second quarter. Asset Dedication LLC now owns 550 shares of the utilities provider’s stock worth $39,000 after buying an additional 150 shares in the last quarter. Finally, Carson Advisory Inc. grew its position in Edison International by 0.3% during the first quarter. Carson Advisory Inc. now owns 54,625 shares of the utilities provider’s stock worth $3,864,000 after buying an additional 152 shares in the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Price Performance

Shares of NYSE:EIX opened at $85.01 on Thursday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.96 and a current ratio of 1.03. Edison International has a 52 week low of $58.82 and a 52 week high of $85.96. The firm has a market cap of $32.71 billion, a PE ratio of 37.29 and a beta of 0.91. The firm’s fifty day moving average is $77.62 and its 200-day moving average is $73.24.

Edison International (NYSE:EIX) last announced its earnings results on Thursday, July 25th. The utilities provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. Edison International had a return on equity of 13.01% and a net margin of 6.60%. The firm had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the business earned $1.01 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. Sell-side analysts predict that Edison International will post 4.94 earnings per share for the current year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 8th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date was Monday, July 8th. Edison International’s dividend payout ratio is currently 136.84%.

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.