News headlines about Edison International (NYSE:EIX) have trended positive this week, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Edison International earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned media coverage about the utilities provider an impact score of 21 out of 100, indicating that recent news coverage is very unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- EDISON INTERNATIONAL : ex-dividend day (4-traders.com)
- Edison International (EIX) Ex-Dividend Date Scheduled for June 28, 2017 – Nasdaq (nasdaq.com)
- Edison International – Value Analysis (NYSE:EIX) : June 27, 2017 (finance.yahoo.com)
- Investor’s Alert : Royal Bank of Canada(NYSE:RY), Edison International(NYSE:EIX) – Stocks In Focus (press release) (nysetradingupdates.com)
- Active Runner in Focus: Edison International (EIX) – Stock Press Daily (stockpressdaily.com)
Edison International (NYSE:EIX) traded up 0.0033% during midday trading on Wednesday, hitting $78.5201. 871,521 shares of the company were exchanged. The stock has a 50 day moving average of $80.11 and a 200-day moving average of $76.92. The stock has a market capitalization of $25.58 billion, a price-to-earnings ratio of 18.5978 and a beta of 0.23. Edison International has a 1-year low of $67.44 and a 1-year high of $82.82.
Edison International (NYSE:EIX) last issued its quarterly earnings data on Monday, May 1st. The utilities provider reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.21. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.71 billion. Edison International had a net margin of 12.82% and a return on equity of 10.78%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Equities analysts expect that Edison International will post $4.21 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Friday, June 30th will be given a dividend of $0.5425 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $2.17 dividend on an annualized basis and a yield of 2.74%. Edison International’s dividend payout ratio (DPR) is 50.94%.
Several brokerages have recently commented on EIX. BidaskClub upgraded Edison International from a “sell” rating to a “hold” rating in a research note on Monday, June 19th. BMO Capital Markets restated an “outperform” rating and issued a $85.00 target price (up from $82.00) on shares of Edison International in a research note on Wednesday, May 3rd. Wolfe Research downgraded Edison International from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 11th. Jefferies Group LLC restated a “hold” rating and issued a $83.00 target price (up from $80.00) on shares of Edison International in a research note on Tuesday, May 2nd. Finally, Deutsche Bank AG raised their target price on Edison International from $79.00 to $81.00 and gave the company a “hold” rating in a research note on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $82.41.
In related news, insider Ronald L. Litzinger sold 26,035 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $78.85, for a total transaction of $2,052,859.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director W Brett White sold 2,500 shares of the stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $81.67, for a total transaction of $204,175.00. Following the transaction, the director now owns 2,500 shares in the company, valued at approximately $204,175. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,692 shares of company stock worth $2,752,845. 0.41% of the stock is owned by insiders.
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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