Edison International (EIX) Stock Price, News & Analysis

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Edison International in the last twelve months. There are currently 1 sell rating, 5 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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10 brokerages have issued 12 month price objectives for Edison International's shares. Their EIX share price targets range from $53.00 to $86.00. On average, they expect the company's share price to reach $72.91 in the next year. This suggests a possible upside of 12.7% from the stock's current price.
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Edison International's stock was trading at $71.49 on January 1st, 2024. Since then, EIX shares have decreased by 9.5% and is now trading at $64.70.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our EIX earnings forecast.

Edison International will be holding an earnings conference call on Thursday, February 22nd at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 203-369-0204 with passcode "5730".

Edison International (NYSE:EIX) posted its quarterly earnings results on Wednesday, November, 1st. The utilities provider reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by $0.08. The utilities provider had revenue of $4.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. Edison International had a net margin of 8.75% and a trailing twelve-month return on equity of 12.79%. The company's revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.48 earnings per share.
Read the conference call transcript.

Edison International declared a quarterly dividend on Thursday, December 14th. Shareholders of record on Friday, December 29th will be given a dividend of $0.78 per share on Wednesday, January 31st. This represents a $3.12 annualized dividend and a dividend yield of 4.82%. The ex-dividend date is Thursday, December 28th. This is a boost from the stock's previous quarterly dividend of $0.74.
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 4.82%. 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 97.20%. 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 62.28% 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), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Goldman Sachs Bloomberg Clean Energy Equity ETF (GCLN), Utilities Select Sector SPDR Fund (XLU), Sound Equity Dividend Income ETF (DIVY), Sound Equity Income ETF (SDEI) and Fidelity MSCI Utilities Index ETF (FUTY).

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 number of retail and institutional investors. Top institutional shareholders include Pzena Investment Management LLC (3.47%), Franklin Resources Inc. (1.83%), Clearbridge Investments LLC (1.71%), Massachusetts Financial Services Co. MA (1.37%), Nordea Investment Management AB (0.93%) and Norges Bank (0.77%). Insiders that own company stock include Caroline Choi, J Andrew Murphy, Peter J Taylor and Vanessa C L Chang.
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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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