SunTrust Robinson Humphrey Maintains Edison International to Buy with Price Target $84.00

Brokerage firm SunTrust Robinson Humphrey Maintains its rating on Edison International(NYSE:EIX). In a research note issued to the investors, the brokerage major Raises the price-target to $84.00 per share. The shares have been rated Buy. The rating by SunTrust Robinson Humphrey was issued on Sep 26, 2016.

In a different note, On Jul 29, 2016, Deutsche Bank said it Maintains its rating on Edison International. In the research note, the firm Raises the price-target to $76.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 29, 2016, Jefferies said it Maintains its rating on Edison International. In the research note, the firm Raises the price-target to $72.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 20, 2016, Citigroup said it Maintains its rating on Edison International. In the research note, the firm Raises the price-target to $70.00 per share. The shares have been rated ‘Neutral’ by the firm.

Edison International (EIX) made into the market gainers list on Thursdays trading session with the shares advancing 0.68% or 0.51 points. Due to strong positive momentum, the stock ended at $75.51, which is also near the day’s high of $75.59. The stock began the session at $75.36 and the volume stood at 10,16,842 shares. The 52-week high of the shares is $78.72 and the 52 week low is $57.51. The company has a current market capitalization of $24,602 M and it has 32,58,11,210 shares in outstanding.

Edison International has also declared a cash dividend of $0.4800 on Aug 25, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed on Sep 30, 2016. The dividend payable date has been fixed on Oct 31, 2016.

Edison International(EIX) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.78B. Analysts had an estimated revenue of $3.18B. Earnings per share were $0.85. Analysts had estimated an EPS of $1.01.

Several Insider Transactions has been reported to the SEC. On Sep 15, 2016, Ellen O. Tauscher (director) sold 3,012 shares at $71.87 per share price.Also, On Sep 13, 2016, Ronald L Litzinger (Pres. Edison Energy Group, Inc) sold 38,084 shares at $72.19 per share price.On Sep 8, 2016, Jagjeet S. Bindra (director) sold 3,995 shares at $73.79 per share price, according to the Form-4 filing with the securities and exchange commission.

Edison International is the parent holding company of Southern California Edison Company (SCE) and subsidiaries. SCE is a public utility primarily engaged in the business of supplying and delivering electricity to an approximately 50000 square mile area of southern California. Edison International is also the parent company of subsidiaries that are engaged in businesses related to the generation or use of electricity. Edison International’s other subsidiaries include Edison Mission Group Inc. and SoCore Energy LLC. Edison Mission Group Inc. is a wholly owned subsidiary of Edison International and the parent company of Edison Mission Energy and Edison Capital. SoCore Energy LLC a subsidiary engaged in distributed generation has constructed 26 Megawatt of rooftop solar systems in nine states selling power back to commercial customers under power purchase agreements.

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