Edison International (NYSE:EIX) Rating Increased to Buy at Wall Street Zen

Edison International (NYSE:EIX) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Thursday.

Other analysts have also issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Edison International in a research report on Monday, December 29th. Zacks Research downgraded Edison International from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. JPMorgan Chase & Co. dropped their target price on Edison International from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, December 12th. Morgan Stanley set a $57.00 target price on Edison International in a research report on Wednesday, December 17th. Finally, Barclays lowered their price target on Edison International from $69.00 to $68.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $63.50.

Edison International Stock Up 1.5%

EIX opened at $61.61 on Thursday. Edison International has a 1-year low of $47.73 and a 1-year high of $63.97. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $23.71 billion, a price-to-earnings ratio of 8.05, a P/E/G ratio of 0.89 and a beta of 0.83. The business has a 50 day moving average of $58.93 and a 200-day moving average of $56.01.

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

Insider Activity

In related news, Director Peter J. Taylor sold 1,800 shares of Edison International stock in a transaction dated 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 transaction, the director directly owned 35,212 shares of the company’s stock, valued at $1,946,167.24. The trade was a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Centennial Wealth Advisory LLC grew its holdings in shares of Edison International by 2.1% in the 4th quarter. Centennial Wealth Advisory LLC now owns 14,476 shares of the utilities provider’s stock valued at $869,000 after buying an additional 300 shares during the period. Northwest Wealth Management LLC lifted its holdings in Edison International by 114.4% during the fourth quarter. Northwest Wealth Management LLC now owns 8,256 shares of the utilities provider’s stock worth $496,000 after acquiring an additional 4,406 shares in the last quarter. Guardian Financial Partners LLC grew its stake in Edison International by 1.8% in the fourth quarter. Guardian Financial Partners LLC now owns 21,803 shares of the utilities provider’s stock valued at $1,309,000 after acquiring an additional 386 shares during the period. LVW Advisors LLC increased its holdings in shares of Edison International by 4.6% in the fourth quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock worth $254,000 after acquiring an additional 186 shares in the last quarter. Finally, Kaufman Rossin Wealth LLC raised its position in shares of Edison International by 51.0% during the fourth quarter. Kaufman Rossin Wealth LLC now owns 10,025 shares of the utilities provider’s stock worth $602,000 after purchasing an additional 3,388 shares during the period. 88.95% of the stock is currently owned by institutional investors.

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.