Edison International (EIX) Stock Price, News & Analysis

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Edison International in the last year. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" EIX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EIX, but not buy additional shares or sell existing shares.
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9 equities research analysts have issued 1 year target prices for Edison International's shares. Their EIX share price targets range from $53.00 to $84.00. On average, they anticipate the company's stock price to reach $72.78 in the next year. This suggests that the stock has a possible downside of 2.8%.
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Edison International's stock was trading at $71.49 at the start of the year. Since then, EIX stock has increased by 4.8% and is now trading at $74.89.
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Edison International saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 5,740,000 shares, a drop of 6.2% from the April 15th total of 6,120,000 shares. Based on an average daily trading volume, of 1,910,000 shares, the short-interest ratio is presently 3.0 days.
View Edison International's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our EIX earnings forecast.

Edison International (NYSE:EIX) issued its quarterly earnings results on Tuesday, April, 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.01. The utilities provider earned $4.08 billion during the quarter, compared to the consensus estimate of $4.16 billion. Edison International had a net margin of 6.14% and a trailing twelve-month return on equity of 12.48%. The business's quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS.
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Edison International announced a quarterly dividend on Thursday, February 22nd. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.78 per share on Tuesday, April 30th. This represents a $3.12 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for EIX.

Edison International (NYSE:EIX) pays an annual dividend of $3.12 per share and currently has a dividend yield of 4.27%. EIX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 136.84%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EIX will have a dividend payout ratio of 55.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EIX.

ETFs with the largest weight of Edison International (NYSE:EIX) stock in their portfolio include Virtus Reaves Utilities ETF (UTES), Brookstone Dividend Stock ETF (BAMD), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), Utilities Select Sector SPDR Fund (XLU), Sound Equity Dividend Income ETF (DIVY), Sound Equity Income ETF (SDEI) and Invesco S&P Ultra Dividend Revenue ETF (RDIV).

Edison International issued an update on its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided earnings per share guidance of 4.750-5.050 for the period, compared to the consensus estimate of 4.940. The company issued revenue guidance of -.

2 employees have rated Edison International Chief Executive Officer Pedro J. Pizarro on Glassdoor.com. Pedro J. Pizarro has an approval rating of 100% among the company's employees. This puts Pedro J. Pizarro in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Edison International investors own include Johnson & Johnson (JNJ), AT&T (T), Chevron (CVX), Intel (INTC), Verizon Communications (VZ), Cisco Systems (CSCO), Pfizer (PFE), Procter & Gamble (PG), Home Depot (HD) and Exxon Mobil (XOM).

Edison International's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.07%), Pzena Investment Management LLC (3.54%), Nordea Investment Management AB (0.85%), Bank of New York Mellon Corp (0.69%), M&G Plc (0.31%) and Swiss National Bank (0.30%). Insiders that own company stock include Caroline Choi, J Andrew Murphy, Peter J Taylor and Vanessa C L Chang.
View institutional ownership trends.

Shares of EIX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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