Analysts Set Edison International (NYSE:EIX) Target Price at $76.82

Edison International (NYSE:EIX) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $76.82.

Several equities research analysts recently commented on the company. Mizuho dropped their target price on Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Morgan Stanley boosted their price objective on Edison International from $48.00 to $52.00 and gave the stock an “underweight” rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $72.00 target price on shares of Edison International in a research note on Wednesday, February 12th. Guggenheim cut shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target for the company in a report on Wednesday, January 15th.

Edison International Trading Down 6.3 %

NYSE:EIX opened at $54.71 on Friday. The stock has a market cap of $21.06 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.07 and a beta of 0.74. 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 has a 1 year low of $49.06 and a 1 year high of $88.77. The business has a fifty day moving average of $54.84 and a 200-day moving average of $71.45.

Edison International (NYSE:EIX) last announced its earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.03). The company had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. Equities analysts predict that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be paid a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date is Monday, April 7th. Edison International’s dividend payout ratio is 100.30%.

Institutional Trading of Edison International

Several large investors have recently added to or reduced their stakes in EIX. Norges Bank acquired a new position in shares of Edison International in the 4th quarter valued at about $323,443,000. Canada Pension Plan Investment Board grew its position in Edison International by 364.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 3,369,535 shares of the utilities provider’s stock valued at $269,024,000 after purchasing an additional 2,643,571 shares in the last quarter. Northern Trust Corp increased its stake in Edison International by 53.9% in the 4th quarter. Northern Trust Corp now owns 5,757,034 shares of the utilities provider’s stock valued at $459,642,000 after buying an additional 2,016,017 shares during the period. Ameriprise Financial Inc. increased its stake in Edison International by 149.3% in the 4th quarter. Ameriprise Financial Inc. now owns 2,793,795 shares of the utilities provider’s stock valued at $223,057,000 after buying an additional 1,673,204 shares during the period. Finally, Vanguard Group Inc. lifted its position in Edison International by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 48,589,777 shares of the utilities provider’s stock worth $3,879,408,000 after buying an additional 1,559,501 shares in the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

About Edison International

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.