Edison International (EIX) Performance and Fundamentals Dashboard tells a completely different story

Edison International (NYSE: EIX) stock fell -2.22% on Friday to $66.21 against a previous-day closing price of $67.71. With 1.36 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.56 million shares. During the session, the Utilities – Regulated Electric company that operates in wider Utilities sector, reached to the highest price of $68.38 whereas the lowest price it dropped to was $66.20. The 52-week range on EIX shows that it touched its highest point at $73.32 and its lowest point at $54.98 during that stretch. It currently has a 1-year price target of $73.62. With its current market cap of 25.55 billion, EIX has annualized dividend of $2.80 while the current yield stands at 4.23%. Beta for the stock currently stands at 0.68.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EIX was down-trending over the past week, with a drop of -4.72%, but this was down by -5.72% over a month. Three-month performance surged to 10.13% while six-month performance rose 0.41%. The stock gained 14.71% in the past year, while it has lost -2.99% so far this year. A look at the trailing 12-month EPS for EIX yields 1.33 with Next year EPS estimates of 4.85. For the next quarter, that number is 1.71. This implies an EPS growth rate of 1.10% for this year and 7.84% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -12.70%.

Float and Shares Shorts:

At present, 381.43 million EIX shares are outstanding with a float of 381.08 million shares on hand for trading. On Jul 14, 2022, short shares totaled 4.93 million, which was 1.29% higher than short shares on Jun 14, 2022. In addition to Mr. Pedro J. Pizarro as the firm’s Pres, CEO & Director, Ms. Maria C. Rigatti serves as its Exec. VP & CFO.


Institutional Ownership:

Through their ownership of 89.58% of EIX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 61.75% of EIX, in contrast to 28.85% held by mutual funds. Shares owned by individuals account for 0.51%. As the largest shareholder in EIX with 11.48% of the stake, The Vanguard Group, Inc. holds 43,768,778 shares worth 43,768,778. A second-largest stockholder of EIX, SSgA Funds Management, Inc., holds 28,703,577 shares, controlling over 7.53% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in EIX, holding 23,895,589 shares or 6.27% stake. With a 2.96% stake in EIX, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 11,285,793 shares are owned by the mutual fund manager. The American Funds Investment Company, which owns about 2.90% of EIX stock, is the second-largest Mutual Fund holder. It holds 11,073,714 shares valued at 750.47 million. Vanguard Mid Cap Index Fund holds 2.29% of the stake in EIX, owning 8,751,887 shares worth 593.12 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EIX since 18 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 8 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With EIX analysts setting a high price target of $82.00 and a low target of $62.00, the average target price over the next 12 months is $73.47. Based on these targets, EIX could surge 23.85% to reach the target high and fall by -6.36% to reach the target low. Reaching the average price target will result in a growth of 10.97% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. EIX will report FY 2022 earnings on 02/23/2023. Analysts have provided yearly estimates in a range of $4.67 being high and $4.13 being low. For EIX, this leads to a yearly average estimate of $4.48. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Edison International surprised analysts by $0.02 when it reported $0.94 EPS against a consensus estimate of $0.92. The surprise factor in the prior quarter was $0.26. Based on analyst estimates, the high estimate for the next quarter is $2.09 and the low estimate is $1.34. The average estimate for the next quarter is thus $1.71.

Summary of Insider Activity:

Insiders traded EIX stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 2,673 shares were bought while 1 shares were sold. The number of buy transactions has increased to 28 while that of sell transactions has risen to 43 over the past year. The total number of shares bought during that period was 161,527 while 82,615 shares were sold.

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