Edison International (NYSE:EIX) was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating in a research report issued on Wednesday.

A number of other brokerages have also recently issued reports on EIX. ValuEngine upgraded shares of Edison International from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. SunTrust Banks reiterated a “buy” rating and set a $89.00 target price on shares of Edison International in a research report on Monday, October 30th. Jefferies Group upgraded shares of Edison International from a “hold” rating to a “buy” rating and increased their target price for the stock from $85.00 to $90.00 in a research report on Friday, August 11th. BMO Capital Markets reiterated a “buy” rating and set a $85.00 target price on shares of Edison International in a research report on Thursday, August 17th. Finally, Morgan Stanley increased their target price on shares of Edison International from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $84.85.

Shares of Edison International (NYSE:EIX) traded down $1.28 during mid-day trading on Wednesday, hitting $68.72. 10,027,098 shares of the stock were exchanged, compared to its average volume of 1,776,026. Edison International has a 52 week low of $67.80 and a 52 week high of $83.38. The firm has a market cap of $26,149.61, a PE ratio of 18.28, a price-to-earnings-growth ratio of 2.91 and a beta of 0.23. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80.

Edison International (NYSE:EIX) last announced its earnings results on Monday, October 30th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Edison International had a net margin of 13.18% and a return on equity of 10.84%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the company posted $1.29 EPS. research analysts forecast that Edison International will post 4.33 EPS for the current year.

In other Edison International news, insider Ronald L. Litzinger sold 224,718 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $82.00, for a total transaction of $18,426,876.00. Following the sale, the insider now owns 14,121 shares of the company’s stock, valued at approximately $1,157,922. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. Amica Retiree Medical Trust bought a new stake in Edison International during the 3rd quarter worth about $138,000. Sun Life Financial INC grew its holdings in Edison International by 16,935.7% during the 2nd quarter. Sun Life Financial INC now owns 2,385 shares of the utilities provider’s stock worth $186,000 after acquiring an additional 2,371 shares during the last quarter. OxFORD Asset Management LLP bought a new stake in Edison International during the 2nd quarter worth about $204,000. TCI Wealth Advisors Inc. grew its holdings in Edison International by 139.7% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 2,630 shares of the utilities provider’s stock worth $203,000 after acquiring an additional 1,533 shares during the last quarter. Finally, Shelton Capital Management bought a new position in shares of Edison International in the 2nd quarter valued at about $206,000. 81.36% of the stock is currently owned by hedge funds and other institutional investors.

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Edison International Company Profile

Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.

Analyst Recommendations for Edison International (NYSE:EIX)

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