Edison International (NYSE:EIX) Lowered to Hold Rating by Wall Street Zen

Edison International (NYSE:EIX) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

EIX has been the subject of several other research reports. JPMorgan Chase & Co. upped their price target on shares of Edison International from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. TD Cowen assumed coverage on shares of Edison International in a research note on Thursday, October 16th. They set a “buy” rating and a $71.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a research note on Monday. Jefferies Financial Group lifted their price target on Edison International from $57.00 to $59.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Finally, LADENBURG THALM/SH SH boosted their price objective on Edison International from $52.50 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Edison International presently has a consensus rating of “Hold” and a consensus target price of $64.50.

Edison International Stock Up 0.9%

Shares of Edison International stock opened at $58.08 on Friday. The stock has a market capitalization of $22.35 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 0.86 and a beta of 0.83. Edison International has a twelve month low of $47.73 and a twelve month high of $85.15. 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 business’s 50 day simple moving average is $56.76 and its 200-day simple moving average is $54.67.

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

Insider Activity

In other 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 directly owned 35,212 shares of the company’s stock, valued at $1,946,167.24. This represents a 4.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.20% of the stock is owned by company insiders.

Institutional Trading of Edison International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kentucky Trust Co boosted its holdings 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 buying an additional 200 shares during the period. Activest Wealth Management lifted its position in shares of Edison International by 677.8% in the 3rd quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 488 shares in the last quarter. CVA Family Office LLC boosted its stake in Edison International by 113.7% in the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 307 shares during the period. Zions Bancorporation National Association UT purchased a new position in Edison International during the 1st quarter worth approximately $35,000. Finally, American National Bank & Trust acquired a new stake in Edison International during the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

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.