After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Edison International (EIX) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $67.39. The Edison International has recorded 38,688 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that ‘Showing Up’ at SCE’s Black History Month Celebration.
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Stocks Info
EIX belongs to the Utilities sector of the NYSE while operating in the Utilities – Regulated Electric industry. At the end of the last regular session, the stock closed at $67.39 and fluctuated between $68.62 as its day high and $65.73 as its day low. The current market capitalization of Edison International is $26.08B. A total of 1.58 million shares were traded on the day, compared to an average of 1.98M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, EIX has seen 12 BUY and 20 SELL insider trades, representing the acquisition of 76,774 and the disposition of 41,085 shares. Over the last 12 months, there were 18 BUYs and 21 SELLs from insiders. Insiders purchased 85,422 shares during that period but sold 41,086.
In the most recent transaction, CHANG VANESSA C L bought 111 shares of EIX for 69.30 per share on May 02. After the transaction, the Director now owns 6,178 company shares. In a previous transaction on Mar 24, CHANG VANESSA C L bought 155 shares at 67.18 per share. EIX shares that Director owns now total 6,011.
Among the insiders who bought shares, CHANG VANESSA C L acquired of 200 shares on Mar 23 at a per-share price of $66.17. This resulted in the Director holding 5,856 shares of EIX after the transaction.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Edison International pays an annual dividend of $2.95, resulting in a dividend yield of 4.38%, and it has a price to earnings (P/E) ratio of 42.30. EIX’s most recent ex-dividend date was 3/30/2023 when it declared a $0.7375 quarterly dividend that was paid in cash on 4/30/2023. Previously, the company paid the dividend on 1/31/2023 with an ex-dividend date of 12/29/2022. The EIX stock dividend was $0.7375 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for EIX in the last 3 months, the mean price target is $70.92 with high estimates of $82.00 and low estimates of $54.00. In terms of 52-week highs and lows, EIX has a high of $73.32 and a low of $54.45.
As of this writing, EIX has an earnings estimate of $1.1 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $1.15 per share and a lower estimate of $1.07. The company reported an EPS of $0.94 in the last quarter, which was 2.20% higher than expectations of $0.92.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 16 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EIX is Underweight with a score of 3.20. A total of 6 analysts rated the stock as Buy while 1 rated it as Overweight while 7 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 1 thought it should be Sold.
