Edison International (NYSE:EIX) Price Target Lowered to $66.00 at Mizuho

Edison International (NYSE:EIX) had its price target trimmed by Mizuho from $75.00 to $66.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the utilities provider’s stock.

A number of other analysts have also weighed in on the stock. UBS Group raised shares of Edison International from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $69.00 to $65.00 in a research note on Tuesday, February 18th. Jefferies Financial Group assumed coverage on shares of Edison International in a research note on Thursday, November 7th. They issued a “buy” rating and a $93.00 price target for the company. LADENBURG THALM/SH SH raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price for the company in a research note on Wednesday, January 15th. Guggenheim lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley cut their target price on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating for the company in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Edison International currently has an average rating of “Moderate Buy” and an average target price of $76.54.

Edison International Trading Up 0.7 %

Shares of NYSE:EIX opened at $55.22 on Monday. The company has a 50 day moving average of $59.88 and a 200-day moving average of $75.87. The firm has a market cap of $21.38 billion, a P/E ratio of 16.19, a P/E/G ratio of 1.07 and a beta of 0.90. Edison International has a twelve month low of $49.06 and a twelve month high of $88.77. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share 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 analyst estimates of $3.92 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. As a group, analysts anticipate that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be given a $0.8275 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 annualized dividend and a dividend yield of 5.99%. Edison International’s dividend payout ratio (DPR) is presently 100.30%.

Institutional Investors Weigh In On Edison International

Hedge funds have recently made changes to their positions in the company. Crews Bank & Trust purchased a new stake in shares of Edison International in the 4th quarter valued at approximately $25,000. Larson Financial Group LLC lifted its position in shares of Edison International by 125.0% in the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 195 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Edison International in the 3rd quarter valued at approximately $32,000. Darwin Wealth Management LLC acquired a new position in Edison International in the 3rd quarter valued at approximately $35,000. Finally, Sierra Ocean LLC acquired a new position in Edison International in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

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.