Edison International (NYSE:EIX) Downgraded to “Hold” Rating by Wall Street Zen

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

Other equities analysts have also recently issued research reports about the stock. Barclays reduced their price target on shares of Edison International from $69.00 to $68.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Edison International in a report on Monday, December 15th. Wells Fargo & Company upgraded Edison International to a “hold” rating in a research note on Tuesday, October 28th. TD Cowen assumed coverage on Edison International in a research report on Thursday, October 16th. They set a “buy” rating and a $71.00 price target on the stock. Finally, Morgan Stanley set a $57.00 price objective on Edison International in a report on Wednesday. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $63.50.

Edison International Price Performance

Shares of Edison International stock opened at $60.07 on Monday. The firm has a market capitalization of $23.11 billion, a PE ratio of 7.85, a price-to-earnings-growth ratio of 0.90 and a beta of 0.83. Edison International has a 12 month low of $47.73 and a 12 month high of $81.02. The business’s 50-day moving average price is $57.56 and its 200-day moving average price is $54.80. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 1.95.

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

Insider Transactions at Edison International

In related news, Director Peter J. Taylor sold 1,800 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $55.27, for a total transaction of $99,486.00. Following the completion of the sale, the director owned 35,212 shares in the company, valued at approximately $1,946,167.24. This represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Edison International

A number of institutional investors and hedge funds have recently made changes to their positions in EIX. Kentucky Trust Co boosted its stake in shares of 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 acquiring an additional 200 shares during the period. Activest Wealth Management raised its position in shares of Edison International by 677.8% during 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 purchased a new position in shares of Edison International in the second quarter worth $32,000. CVA Family Office LLC boosted its position in shares of Edison International by 113.7% during the third 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 last quarter. Finally, Laurel Wealth Advisors LLC grew its stake in Edison International by 5,064.3% during the second quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 709 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Company Profile

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.