Edison International (NYSE:EIX) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Edison International (NYSE:EIX - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eleven analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $88.36.

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A number of analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of Edison International from $68.00 to $72.00 and gave the company an "underweight" rating in a research note on Wednesday, September 25th. Barclays boosted their price objective on shares of Edison International from $89.00 to $91.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Evercore ISI increased their target price on Edison International from $82.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, August 14th. Guggenheim boosted their price target on Edison International from $80.00 to $83.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Finally, Wells Fargo & Company increased their price objective on Edison International from $87.00 to $94.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th.

Get Our Latest Stock Analysis on Edison International

Insider Transactions at Edison International

In other news, VP Adam S. Umanoff sold 25,619 shares of Edison International stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $83.05, for a total transaction of $2,127,657.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO J Andrew Murphy sold 23,896 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $85.45, for a total transaction of $2,041,913.20. Following the transaction, the chief executive officer now owns 19,850 shares of the company's stock, valued at approximately $1,696,182.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Adam S. Umanoff sold 25,619 shares of Edison International stock in a transaction dated Thursday, October 31st. The shares were 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. Over the last ninety days, insiders have sold 50,877 shares of company stock worth $4,285,341. Insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CreativeOne Wealth LLC bought a new position in shares of Edison International during the first quarter valued at approximately $230,000. Swedbank AB raised its stake in Edison International by 76.3% in the second quarter. Swedbank AB now owns 446,637 shares of the utilities provider's stock valued at $32,073,000 after buying an additional 193,307 shares during the last quarter. Intech Investment Management LLC boosted its stake in Edison International by 44.9% in the 1st quarter. Intech Investment Management LLC now owns 46,263 shares of the utilities provider's stock worth $3,272,000 after purchasing an additional 14,346 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Edison International by 14.5% during the first quarter. Sei Investments Co. now owns 321,567 shares of the utilities provider's stock worth $22,744,000 after buying an additional 40,646 shares during the period. Finally, Janus Henderson Group PLC lifted its position in Edison International by 150.6% during the 1st quarter. Janus Henderson Group PLC now owns 169,742 shares of the utilities provider's stock worth $12,004,000 after acquiring an additional 102,000 shares during the period. 88.95% of the stock is currently owned by institutional investors.

Edison International Price Performance

Shares of NYSE EIX opened at $81.00 on Tuesday. The company has a 50 day simple moving average of $85.31 and a two-hundred day simple moving average of $78.98. Edison International has a fifty-two week low of $62.21 and a fifty-two week high of $88.77. The company has a market capitalization of $31.36 billion, a price-to-earnings ratio of 23.75, a P/E/G ratio of 1.89 and a beta of 0.92. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.13. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The business had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.01 billion. During the same quarter in the previous year, the business earned $1.38 earnings per share. The firm's quarterly revenue was up 10.6% compared to the same quarter last year. Analysts expect that Edison International will post 4.94 EPS for the current fiscal year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, October 7th were paid a dividend of $0.78 per share. The ex-dividend date was Monday, October 7th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.85%. Edison International's dividend payout ratio is 91.50%.

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.

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