Edison International (NYSE:EIX) Given Consensus Rating of “Hold” by Brokerages

Edison International (NYSE:EIX) has received a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $72.6364.

A number of brokerages have recently commented on EIX. Seaport Research Partners lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Wall Street Zen lowered shares of Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Truist Financial cut their price objective on shares of Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. JPMorgan Chase & Co. boosted their price objective on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Finally, Wells Fargo & Company reissued an “underweight” rating and issued a $62.00 price objective on shares of Edison International in a research report on Tuesday, April 21st.

Edison International Stock Performance

Shares of EIX stock opened at $70.86 on Wednesday. The company’s fifty day simple moving average is $70.90 and its 200-day simple moving average is $66.17. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. The firm has a market cap of $27.27 billion, a PE ratio of 7.69, a P/E/G ratio of 1.20 and a beta of 0.67. Edison International has a 12 month low of $47.73 and a 12 month high of $76.21.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities research analysts expect that Edison International will post 6.12 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of $75.30, for a total transaction of $37,650.00. Following the transaction, the director directly owned 34,212 shares in the company, valued at approximately $2,576,163.60. The trade was a 1.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Edison International

A number of institutional investors have recently added to or reduced their stakes in EIX. AQR Capital Management LLC increased its holdings in Edison International by 69.9% during the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock worth $1,097,475,000 after buying an additional 7,521,168 shares during the last quarter. Norges Bank acquired a new position in Edison International during the fourth quarter worth $339,311,000. Goldman Sachs Group Inc. increased its holdings in Edison International by 41.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after buying an additional 1,609,847 shares during the last quarter. Assetmark Inc. increased its holdings in Edison International by 1,118.0% during the first quarter. Assetmark Inc. now owns 1,601,327 shares of the utilities provider’s stock worth $117,185,000 after buying an additional 1,469,860 shares during the last quarter. Finally, Swedbank AB increased its holdings in Edison International by 207.0% during the first quarter. Swedbank AB now owns 2,073,181 shares of the utilities provider’s stock worth $151,715,000 after buying an additional 1,397,858 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

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.