Edison International (EIX) Raised to Sell at ValuEngine

ValuEngine upgraded shares of Edison International (NYSE:EIX) from a strong sell rating to a sell rating in a research report released on Thursday morning.

A number of other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Edison International from $64.00 to $66.00 and gave the stock a hold rating in a report on Tuesday, April 10th. Morgan Stanley lifted their price objective on shares of Edison International from $69.00 to $72.00 and gave the stock an equal weight rating in a report on Monday, April 16th. Royal Bank of Canada reaffirmed a buy rating and set a $70.00 price objective on shares of Edison International in a report on Wednesday, March 14th. Citigroup lifted their target price on Edison International from $66.00 to $72.00 and gave the stock a hold rating in a research note on Tuesday, May 1st. Finally, SunTrust Banks set a $72.00 target price on Edison International and gave the stock a buy rating in a research note on Monday, March 19th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $76.36.

Edison International opened at $63.27 on Thursday, according to MarketBeat.com. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 0.96. The firm has a market cap of $20.68 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 2.70 and a beta of 0.14. Edison International has a 1 year low of $57.63 and a 1 year high of $83.38.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, May 1st. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.11). The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Edison International had a return on equity of 10.22% and a net margin of 4.38%. Edison International’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. analysts expect that Edison International will post 4.1 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Monday, July 2nd will be paid a $0.605 dividend. This represents a $2.42 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Friday, June 29th. Edison International’s dividend payout ratio is currently 53.78%.

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC bought a new stake in Edison International in the 1st quarter valued at about $102,000. Captrust Financial Advisors bought a new stake in Edison International in the 4th quarter valued at about $126,000. Adviser Investments LLC bought a new stake in Edison International in the 1st quarter valued at about $152,000. Levin Capital Strategies L.P. bought a new stake in Edison International in the 1st quarter valued at about $208,000. Finally, WealthPLAN Partners LLC bought a new stake in Edison International in the 1st quarter valued at about $212,000. Institutional investors and hedge funds own 82.06% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Edison International (NYSE:EIX)

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