Edison International (NYSE:EIX) has been given a consensus rating of “Hold” by the twenty analysts that are presently covering the firm, Marketbeat.com reports. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $73.91.
EIX has been the subject of a number of recent research reports. SunTrust Banks reiterated a “buy” rating and set a $79.00 price objective on shares of Edison International in a research note on Tuesday, December 26th. Zacks Investment Research downgraded Edison International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Edward Jones downgraded Edison International from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. JPMorgan Chase started coverage on Edison International in a report on Friday, January 12th. They issued a “neutral” rating and a $67.00 price target on the stock. Finally, Goldman Sachs set a $70.00 price target on Edison International and gave the stock a “hold” rating in a report on Friday, December 15th.
Shares of NYSE:EIX traded up $0.60 during mid-day trading on Wednesday, reaching $63.44. 3,985,743 shares of the company traded hands, compared to its average volume of 2,592,074. The company has a market cap of $20,473.97, a PE ratio of 14.10, a price-to-earnings-growth ratio of 2.75 and a beta of 0.13. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.84. Edison International has a 52 week low of $57.63 and a 52 week high of $83.38.
Edison International (NYSE:EIX) last announced its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.17. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $2.98 billion. Edison International had a return on equity of 10.86% and a net margin of 5.59%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.02 EPS. equities research analysts predict that Edison International will post 4.12 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.605 per share. The ex-dividend date is Wednesday, March 28th. This represents a $2.42 annualized dividend and a dividend yield of 3.81%. Edison International’s dividend payout ratio (DPR) is 53.78%.
Institutional investors and hedge funds have recently modified their holdings of the company. Capital International Investors purchased a new stake in shares of Edison International during the 3rd quarter worth approximately $95,783,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Edison International during the 3rd quarter worth approximately $557,000. Wedbush Securities Inc. purchased a new stake in shares of Edison International during the 4th quarter worth approximately $269,000. Wells Fargo & Company MN raised its holdings in shares of Edison International by 2.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,640,821 shares of the utilities provider’s stock worth $167,006,000 after acquiring an additional 67,884 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new stake in shares of Edison International during the 3rd quarter worth approximately $256,000. 82.20% of the stock is currently owned by institutional investors and hedge funds.
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About Edison International
Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.
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