Shares of Edison International (NYSE:EIX) have earned an average recommendation of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $84.00.

Several analysts recently issued reports on EIX shares. Zacks Investment Research raised Edison International from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Thursday, July 6th. Jefferies Group LLC raised Edison International from a “hold” rating to a “buy” rating and raised their target price for the stock from $85.00 to $90.00 in a research note on Friday, August 11th. BMO Capital Markets reissued a “buy” rating and issued a $85.00 target price on shares of Edison International in a research note on Thursday, August 17th. Mizuho reissued a “buy” rating and issued a $87.00 target price (up from $84.00) on shares of Edison International in a research note on Wednesday, August 23rd. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Edison International in a research note on Tuesday, July 11th.

Shares of Edison International (NYSE:EIX) traded down 0.25% during midday trading on Tuesday, hitting $79.98. The company had a trading volume of 737,297 shares. The firm’s 50 day moving average is $79.26 and its 200 day moving average is $79.38. The company has a market capitalization of $26.06 billion, a P/E ratio of 18.91 and a beta of 0.22. Edison International has a 52 week low of $67.44 and a 52 week high of $82.82.

Edison International (NYSE:EIX) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.85. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Edison International had a return on equity of 10.58% and a net margin of 12.64%. Edison International’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. Equities research analysts anticipate that Edison International will post $4.24 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be given a $0.5425 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.71%. Edison International’s dividend payout ratio is currently 50.82%.

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In related news, insider Ronald L. Litzinger sold 224,715 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $80.54, for a total value of $18,098,546.10. Following the completion of the transaction, the insider now directly owns 14,121 shares in the company, valued at approximately $1,137,305.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director W Brett White sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $81.67, for a total transaction of $204,175.00. Following the completion of the transaction, the director now owns 2,500 shares of the company’s stock, valued at $204,175. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 229,715 shares of company stock valued at $18,505,971. 0.41% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the company. ING Groep NV raised its position in shares of Edison International by 76.1% in the first quarter. ING Groep NV now owns 17,535 shares of the utilities provider’s stock worth $1,396,000 after buying an additional 7,577 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of Edison International by 55.4% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 7,829 shares of the utilities provider’s stock worth $623,000 after buying an additional 2,790 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Edison International by 2.1% in the first quarter. Great West Life Assurance Co. Can now owns 373,326 shares of the utilities provider’s stock worth $29,699,000 after buying an additional 7,840 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its position in shares of Edison International by 4.1% in the first quarter. Kornitzer Capital Management Inc. KS now owns 8,850 shares of the utilities provider’s stock worth $705,000 after buying an additional 350 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Edison International by 3.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 52,785 shares of the utilities provider’s stock worth $4,202,000 after buying an additional 1,911 shares during the last quarter. Institutional investors own 81.54% of the company’s stock.

Edison International Company Profile

Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.

Analyst Recommendations for Edison International (NYSE:EIX)

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