JPMorgan Chase & Co. Lowers Edison International (NYSE:EIX) Price Target to $65.00

Edison International (NYSE:EIX) had its price objective cut by stock analysts at JPMorgan Chase & Co. from $67.00 to $65.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 11.50% from the company’s previous close.

Several other research analysts also recently commented on the stock. Barclays cut their price target on shares of Edison International from $69.00 to $68.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Edison International in a research note on Monday, December 8th. Wall Street Zen lowered Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. LADENBURG THALM/SH SH raised their price target on Edison International from $52.50 to $55.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Finally, UBS Group boosted their price objective on Edison International from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Edison International presently has a consensus rating of “Hold” and a consensus target price of $64.20.

Edison International Stock Up 0.6%

Shares of NYSE EIX opened at $58.30 on Friday. 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 company has a market cap of $22.43 billion, a P/E ratio of 7.62, a P/E/G ratio of 0.87 and a beta of 0.83. Edison International has a 52 week low of $47.73 and a 52 week high of $82.48. The business has a 50-day simple moving average of $56.95 and a two-hundred day simple moving average of $54.66.

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

Insider Activity at Edison International

In related news, Director Peter J. Taylor sold 1,800 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $55.27, for a total value of $99,486.00. Following the completion of the sale, the director owned 35,212 shares in the company, valued at $1,946,167.24. The trade was a 4.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its stake in shares of Edison International by 2.7% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 7,422 shares of the utilities provider’s stock valued at $383,000 after purchasing an additional 196 shares in the last quarter. Kentucky Trust Co lifted its stake in Edison International by 66.7% in the second quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Diligent Investors LLC boosted its position in Edison International by 1.5% during the third quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock valued at $768,000 after buying an additional 201 shares during the period. MAI Capital Management grew its stake in shares of Edison International by 20.8% during the second quarter. MAI Capital Management now owns 1,172 shares of the utilities provider’s stock valued at $60,000 after buying an additional 202 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after buying an additional 211 shares during the period. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Company Profile

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.