Edison International (NYSE:EIX)‘s stock had its “neutral” rating reiterated by stock analysts at Goldman Sachs Group in a report released on Friday, The Fly reports. They presently have a $70.00 price objective on the utilities provider’s stock, down from their previous price objective of $80.00. Goldman Sachs Group’s target price would indicate a potential upside of 1.02% from the stock’s previous close.

Other analysts also recently issued reports about the stock. ValuEngine upgraded shares of Edison International from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. SunTrust Banks reiterated a “buy” rating and issued a $89.00 price objective on shares of Edison International in a report on Monday, October 30th. Bank of America reiterated a “buy” rating and issued a $86.00 price objective on shares of Edison International in a report on Tuesday, October 24th. BMO Capital Markets reiterated a “buy” rating and issued a $85.00 price objective on shares of Edison International in a report on Thursday, August 17th. Finally, Jefferies Group reiterated a “buy” rating on shares of Edison International in a report on Thursday, August 17th. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $82.79.

Shares of Edison International (NYSE EIX) traded down $0.51 on Friday, reaching $69.29. 4,087,500 shares of the company’s stock were exchanged, compared to its average volume of 1,884,246. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.51. Edison International has a 1 year low of $67.28 and a 1 year high of $83.38. The company has a market capitalization of $22,741.62, a price-to-earnings ratio of 15.90, a P/E/G ratio of 2.53 and a beta of 0.23.

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

In related news, insider Ronald L. Litzinger sold 224,718 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 14,121 shares in the company, valued at $1,157,922. The sale was disclosed in a filing with the SEC, which is available through this link. 0.41% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of EIX. Cutter & CO Brokerage Inc. boosted its position in Edison International by 1.6% during the second quarter. Cutter & CO Brokerage Inc. now owns 4,635 shares of the utilities provider’s stock worth $362,000 after purchasing an additional 75 shares during the period. Veritable L.P. boosted its position in Edison International by 0.8% during the second quarter. Veritable L.P. now owns 10,853 shares of the utilities provider’s stock worth $849,000 after purchasing an additional 84 shares during the period. Synovus Financial Corp boosted its position in Edison International by 2.7% during the second quarter. Synovus Financial Corp now owns 5,502 shares of the utilities provider’s stock worth $427,000 after purchasing an additional 144 shares during the period. Ecofin Ltd. boosted its position in Edison International by 0.6% during the second quarter. Ecofin Ltd. now owns 30,727 shares of the utilities provider’s stock worth $2,403,000 after purchasing an additional 179 shares during the period. Finally, Elkhorn Investments LLC boosted its position in Edison International by 1.8% during the second quarter. Elkhorn Investments LLC now owns 14,985 shares of the utilities provider’s stock worth $1,188,000 after purchasing an additional 267 shares during the period. Institutional investors and hedge funds own 81.36% of the company’s stock.

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About Edison International

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.

The Fly

Analyst Recommendations for Edison International (NYSE:EIX)

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