Barclays Issues Pessimistic Forecast for Edison International (NYSE:EIX) Stock Price

Edison International (NYSE:EIX) had its price objective reduced by research analysts at Barclays from $68.00 to $67.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price target suggests a potential upside of 10.41% from the company’s current price.

EIX has been the topic of several other reports. LADENBURG THALM/SH SH increased their target price on shares of Edison International from $52.50 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Wells Fargo & Company downgraded Edison International from an “equal weight” rating to an “underweight” rating and increased their price target for the stock from $56.00 to $59.00 in a research report on Tuesday. UBS Group reissued a “buy” rating on shares of Edison International in a report on Friday, January 16th. Morgan Stanley restated an “underweight” rating on shares of Edison International in a research report on Wednesday. Finally, Jefferies Financial Group increased their target price on Edison International from $57.00 to $59.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $63.70.

Edison International Trading Down 0.1%

Edison International stock opened at $60.68 on Thursday. The firm has a market cap of $23.35 billion, a PE ratio of 7.93, a P/E/G ratio of 0.89 and a beta of 0.83. Edison International has a 12 month low of $47.73 and a 12 month high of $62.62. The stock’s 50 day simple moving average is $59.39 and its two-hundred day simple moving average is $56.42. 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 posted its earnings results on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.18. Edison International had a net margin of 17.24% and a return on equity of 13.62%. The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.31 billion. During the same period in the previous year, the business posted $1.51 EPS. The business’s 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. Analysts anticipate 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 stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $55.27, for a total value of $99,486.00. Following the completion of the sale, the director directly owned 35,212 shares in the company, valued at $1,946,167.24. This represents a 4.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by insiders.

Institutional Trading of Edison International

Several large investors have recently bought and sold shares of EIX. LVW Advisors LLC boosted its holdings in shares of Edison International by 4.6% during the 4th quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 186 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its stake in shares of Edison International by 2.7% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 7,422 shares of the utilities provider’s stock worth $383,000 after acquiring an additional 196 shares during the last quarter. Diligent Investors LLC raised its holdings in shares of Edison International by 1.5% during the 3rd quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock worth $768,000 after acquiring an additional 201 shares during the period. MAI Capital Management boosted its position in shares of Edison International by 20.8% during the 2nd quarter. MAI Capital Management now owns 1,172 shares of the utilities provider’s stock valued at $60,000 after acquiring an additional 202 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after purchasing an additional 211 shares during the period. Hedge funds and other institutional investors own 88.95% of the company’s stock.

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.