Should I buy Edison International stock?
Based on analyst ratings, Edison International's 12-month average price target is $74.73. Edison International has 8.89% upside potential, based on the analysts' average price target. Edison International has a conensus rating of Moderate Buy which is based on 6 buy ratings, 5 hold ratings and 1 sell ratings.
Edison International's analyst rating consensus is a Moderate Buy. This is based on the ratings of 12 Wall Streets Analysts.
Consolidated Edison Inc - Hold
Zacks' proprietary data indicates that Consolidated Edison Inc is currently rated as a Zacks Rank 3 and we are expecting an inline return from the ED shares relative to the market in the next few months.
The report noted that among utilities, EIX shares displayed both attractive valuation metrics and strong profitability metrics. The report also cited the strong quarterly dividend history at Edison International, and favorable long-term multi-year growth rates in key fundamental data points.
| High | $83.00 |
|---|---|
| Median | $75.50 |
| Low | $58.00 |
| Average | $73.88 |
| Current Price | $67.88 |
Exxon Mobil (XOM), Chevron (CVX) and Schlumberger (SLB) are some of the most trending stocks in the energy sector. See how they compare to other companies such as Williams Co (WMB), Phillips 66 (PSX) and Kinder Morgan (KMI).
Edison International ( EIX ) pays dividends on a quarterly basis.
Consolidated Edison, Inc.'s analyst rating consensus is a Hold. This is based on the ratings of 9 Wall Streets Analysts.
Consolidated Edison stock (symbol: ED) underwent a total of 2 stock splits. The most recent stock split occured on July 3rd, 1989.
| Ticker | Company | Performance (Year) |
|---|---|---|
| NRG | NRG Energy Inc. | 103.50% |
| PEG | Public Service Enterprise Group Inc. | 7.96% |
| ATO | Atmos Energy Corp. | 5.48% |
| PCG | PG&E Corp. | 4.69% |
Why is EIX stock down?
Edison's Operating Performance
While Net Margins improved from around 5.4% in 2017 to about 11.4% in 2019, they declined over the last twelve months on account of charges related to wildfire and mudslide events.
| COMPANY | SECTOR | DIVIDEND YIELD |
|---|---|---|
| Altria Group Inc. (MO) | Consumer staples | 9.3% |
| Marathon Petroleum Corp. (MPC) | Energy | 1.6% |
| Diamondback Energy (FANG) | Energy | 3.9% |
| VICI Properties (VICI) | Real estate | 5.7% |
| Stock | Dividend yield |
|---|---|
| Coca-Cola Co. (KO) | 3.3% |
| Johnson & Johnson (JNJ) | 3.4% |
| Prologis Inc. (PLD) | 3.7% |
| Realty Income Corp. (O) | 5.9% |
| Name | Hold | Type |
|---|---|---|
| Vanguard Group Inc | 12.15% | Institution |
| Blackrock Inc | 9.55% | Institution |
| State Street Corp | 7.35% | Institution |
| Capital Research Global Investors | 5.20% | Institution |
Edison International - Fortune 500 - EIX.
| Year | Prediction | Change |
|---|---|---|
| 2027 | $ 0.158975 | -73.58% |
| 2028 | $ 0.102011 | -83.05% |
| 2029 | $ 0.065458 | -89.12% |
| 2030 | $ 0.042003 | -93.02% |
| S.No. | Top Energy Stocks | Sector |
|---|---|---|
| 1. | Reliance Industries Ltd Share | Refineries |
| 2. | Oil & Natural Gas Corpn Ltd Share | Crude Oil & Natural Gas |
| 3. | Adani Green Energy Ltd Share | Power Generation & Distribution |
| 4. | Oil India Ltd Share | Crude Oil & Natural Gas |
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The uptick in energy stock performance comes as inflation appears to be subsiding and prices for crude oil and natural gas have declined significantly. In contrast to returns in 2023 and so far in 2024, the energy sector gained 65.72% in 2022 and 54.64% in 2021.
Dividend Data
Consolidated Edison, Inc.'s ( ED ) dividend yield is 3.73%, which means that for every $100 invested in the company's stock, investors would receive $3.73 in dividends per year. Consolidated Edison, Inc.'s payout ratio is 43.51% which means that 43.51% of the company's earnings are paid out as dividends.
What company has paid a dividend the longest?
Colgate-Palmolive Company (NYSE:CL) is a Dividend King with one of the longest dividend payout records, paying regular dividends to shareholders for the past 128 years. The company has been raising its dividends consistently for the past 60 years.
- Eli Lilly and Co (LLY) -- YES. ...
- Consolidated Edison, Inc. ...
- UGI Corp (UGI) -- YES. ...
- Procter & Gamble Co. ...
- The Coca-Cola Co (KO) -- YES. ...
- Colgate-Palmolive Company (CL) -- YES. ...
- PPG Industries, Inc. (PPG) -- YES. ...
- Chubb Corp (CB) -- NO. Dividends Paid Since 1902.
| Holder | Shares | Date Reported |
|---|---|---|
| Vanguard Group Inc | 41,840,874 | Dec 30, 2023 |
| Blackrock Inc. | 35,654,415 | Dec 30, 2023 |
| State Street Corporation | 26,051,513 | Dec 30, 2023 |
| Geode Capital Management, LLC | 8,254,775 | Dec 30, 2023 |
RWE, a German energy company, announced Wednesday it has closed its $6.8 billion acquisition of Con Edison Clean Energy Businesses. The new company, RWE Clean Energy, now operates a portfolio of renewable energy projects of about 8 GW in the U.S., with about 60% in onshore wind and 40% in solar.
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