Shares of Edison International (NYSE:EIX) have received an average recommendation of “Hold” from the twenty brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $74.27.
Several equities analysts have recently issued reports on the stock. SunTrust Banks set a $69.00 price target on shares of Edison International and gave the company a “buy” rating in a report on Friday. TheStreet lowered shares of Edison International from a “b-” rating to a “c” rating in a research report on Thursday. Guggenheim raised shares of Edison International from a “neutral” rating to a “buy” rating in a research report on Friday. Morgan Stanley lowered their price objective on shares of Edison International from $76.00 to $71.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 13th. Finally, UBS Group started coverage on shares of Edison International in a research report on Friday, February 2nd. They issued a “neutral” rating and a $67.00 price objective on the stock.
Edison International (NYSE:EIX) traded up $2.43 on Tuesday, reaching $62.17. 3,880,000 shares of the company’s stock were exchanged, compared to its average volume of 3,660,000. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 0.80. Edison International has a 12-month low of $57.63 and a 12-month high of $83.38. The firm has a market cap of $20,260.00, a price-to-earnings ratio of 19.80, a PEG ratio of 2.29 and a beta of 0.17.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Thursday, March 29th will be paid a $0.605 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $2.42 annualized dividend and a dividend yield of 3.89%. Edison International’s payout ratio is 77.07%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Edison International by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 589,722 shares of the utilities provider’s stock valued at $46,110,000 after purchasing an additional 5,216 shares during the last quarter. OxFORD Asset Management LLP bought a new stake in Edison International in the second quarter worth about $204,000. Intl Fcstone Inc. bought a new stake in Edison International in the second quarter worth about $625,000. Eqis Capital Management Inc. raised its position in Edison International by 9.2% in the third quarter. Eqis Capital Management Inc. now owns 8,290 shares of the utilities provider’s stock worth $640,000 after acquiring an additional 698 shares during the period. Finally, Foster & Motley Inc. raised its position in Edison International by 41.4% in the third quarter. Foster & Motley Inc. now owns 16,497 shares of the utilities provider’s stock worth $1,273,000 after acquiring an additional 4,826 shares during the period. Hedge funds and other institutional investors own 80.57% 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.
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