Currently, there are 387.15M common shares owned by the public and among those 386.64M shares have been available to trade.
The company’s stock has a 5-day price change of -28.23% and -31.01% over the past three months. EIX shares are trading -28.27% year to date (YTD), with the 12-month market performance down to -20.82% lower. It has a 12-month low price of $63.15 and touched a high of $88.77 over the same period. EIX has an average intraday trading volume of 2.47 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -25.99%, -29.63%, and -27.33% respectively.
Institutional ownership of Edison International (NYSE: EIX) shares accounts for 90.11% of the company’s 387.15M shares outstanding.
It has a market capitalization of $22.17B and a beta (3y monthly) value of 0.96. The stock’s trailing 12-month PE ratio is 16.81, while the earnings-per-share (ttm) stands at $3.41. The company has a PEG of 2.75 and a Quick Ratio of 0.81 with the debt-to-equity ratio at 2.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.68% over the week and 3.29% over the month.
Earnings per share for the fiscal year are expected to increase by 3.82%, and 15.10% over the next financial year.
Looking at the support for the EIX, a number of firms have released research notes about the stock. Barclays stated their Overweight rating for the stock in a research note on January 02, 2025, with the firm’s price target at $91-$84. Jefferies coverage for the Edison International (EIX) stock in a research note released on November 07, 2024 offered a Buy rating with a price target of $93. BofA Securities was of a view on September 12, 2024 that the stock is Buy, while UBS gave the stock Neutral rating on July 19, 2024, issuing a price target of $83- $82. Goldman on their part issued Neutral rating on April 10, 2024.
