Edison International (NYSE:EIX) Stock Rating Lowered by Wall Street Zen

Edison International (NYSE:EIX) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

A number of other analysts have also commented on EIX. Barclays cut their price target on Edison International from $69.00 to $68.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. TD Cowen initiated coverage on Edison International in a research note on Thursday, October 16th. They issued a “buy” rating and a $71.00 target price on the stock. Jefferies Financial Group upped their price target on Edison International from $57.00 to $59.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. lowered their price objective on shares of Edison International from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, December 12th. Finally, Zacks Research lowered shares of Edison International from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $63.50.

Edison International Stock Down 0.3%

Shares of EIX stock opened at $60.47 on Wednesday. Edison International has a 12-month low of $47.73 and a 12-month high of $78.36. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 1.95. The firm has a fifty day moving average of $58.37 and a 200-day moving average of $55.64. The company has a market capitalization of $23.27 billion, a price-to-earnings ratio of 7.90, a P/E/G ratio of 0.88 and a beta of 0.83.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $2.34 EPS for the quarter, beating the consensus estimate of $2.16 by $0.18. The business had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.31 billion. Edison International had a net margin of 17.24% and a return on equity of 13.62%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.51 EPS. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. As a group, equities research analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Peter J. Taylor sold 1,800 shares of Edison International stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $55.27, for a total value of $99,486.00. Following the completion of the transaction, the director owned 35,212 shares of the company’s stock, valued at $1,946,167.24. This trade represents a 4.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Edison International

Several hedge funds have recently bought and sold shares of EIX. Kentucky Trust Co increased its position in Edison International by 66.7% during the second quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock worth $26,000 after buying an additional 200 shares during the last quarter. Activest Wealth Management lifted its position in shares of Edison International by 677.8% in the third quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock valued at $31,000 after buying an additional 488 shares during the last quarter. American National Bank & Trust bought a new position in shares of Edison International during the 2nd quarter worth approximately $32,000. CVA Family Office LLC boosted its stake in shares of Edison International by 113.7% during the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 307 shares during the period. Finally, Ransom Advisory Ltd increased its holdings in shares of Edison International by 74.9% during the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 259 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

About Edison International

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.