JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Edison International (NYSE:EIX) Stock

Edison International (NYSE:EIX) had its price objective increased by equities researchers at JPMorgan Chase & Co. from $66.00 to $74.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 3.10% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company downgraded shares of Edison International from an “equal weight” rating to an “underweight” rating and raised their price target for the company from $56.00 to $59.00 in a report on Tuesday, January 20th. Mizuho set a $79.00 price objective on shares of Edison International in a report on Thursday, February 19th. LADENBURG THALM/SH SH restated a “sell” rating and set a $63.00 price objective on shares of Edison International in a research report on Thursday, March 5th. Jefferies Financial Group dropped their target price on shares of Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. Finally, UBS Group downgraded shares of Edison International from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $70.00 to $78.00 in a research report on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $69.44.

Edison International Stock Down 1.2%

Edison International stock opened at $71.78 on Wednesday. Edison International has a 12 month low of $47.73 and a 12 month high of $75.50. The stock has a fifty day simple moving average of $67.54 and a two-hundred day simple moving average of $60.72. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 1.92. The firm has a market cap of $27.63 billion, a price-to-earnings ratio of 6.21, a PEG ratio of 1.17 and a beta of 0.79.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.40. Edison International had a return on equity of 14.87% and a net margin of 24.34%.The firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the company posted $1.05 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. Equities analysts predict that Edison International will post 4.95 EPS for the current fiscal year.

Institutional Trading of Edison International

Hedge funds and other institutional investors have recently modified their holdings of the company. 10Elms LLP purchased a new position in shares of Edison International during the 4th quarter valued at $26,000. Transamerica Financial Advisors LLC increased its stake in Edison International by 170.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after buying an additional 281 shares in the last quarter. Activest Wealth Management raised its holdings in 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 acquiring an additional 488 shares during the period. CVA Family Office LLC raised its holdings in Edison International by 113.7% during the third quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 307 shares during the period. Finally, Ransom Advisory Ltd lifted its position in shares of Edison International by 74.9% in the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 259 shares in the last quarter. 88.95% of the stock is owned by hedge funds and other 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.