Morgan Stanley Lowers Edison International (NYSE:EIX) Price Target to $70.00
by Teresa Graham · The Cerbat GemEdison International (NYSE:EIX – Get Free Report) had its price target reduced by Morgan Stanley from $71.00 to $70.00 in a research report issued to clients and investors on Tuesday, Marketbeat reports. The brokerage presently has an “underweight” rating on the utilities provider’s stock. Morgan Stanley’s price target indicates a potential downside of 0.98% from the company’s previous close.
Several other equities analysts have also issued reports on the stock. Weiss Ratings raised shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 15th. Barclays boosted their target price on shares of Edison International from $67.00 to $78.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Jefferies Financial Group reduced their target price on shares of Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. JPMorgan Chase & Co. boosted their target price on shares of Edison International from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, March 18th. Finally, Truist Financial initiated coverage on shares of Edison International in a report on Monday. They issued a “hold” rating and a $82.00 target price for the company. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Edison International has an average rating of “Hold” and a consensus target price of $72.82.
Check Out Our Latest Stock Analysis on EIX
Edison International Stock Up 0.2%
Shares of Edison International stock traded up $0.12 during trading on Tuesday, hitting $70.70. 710,344 shares of the stock traded hands, compared to its average volume of 3,281,442. The firm has a market cap of $27.21 billion, a P/E ratio of 6.12, a price-to-earnings-growth ratio of 1.15 and a beta of 0.77. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 1.92. Edison International has a 52-week low of $47.73 and a 52-week high of $76.21. The stock’s fifty day simple moving average is $72.16 and its 200 day simple moving average is $63.44.
Edison International (NYSE:EIX – Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.40. The company had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.29 billion. Edison International had a net margin of 24.34% and a return on equity of 14.87%. During the same period in the prior year, the firm earned $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. On average, equities analysts predict that Edison International will post 6.14 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Peter J. Taylor sold 500 shares of the company’s stock in a transaction dated 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 owned 34,212 shares in the company, valued at $2,576,163.60. This represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Edison International
Several hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. increased its holdings in Edison International by 5.3% in the 4th quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider’s stock worth $190,000 after buying an additional 159 shares during the period. LVW Advisors LLC lifted its holdings in Edison International by 4.6% in the 4th quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 186 shares in the last quarter. Huntington National Bank lifted its holdings in Edison International by 6.2% in the 4th quarter. Huntington National Bank now owns 3,351 shares of the utilities provider’s stock valued at $201,000 after purchasing an additional 196 shares in the last quarter. Diligent Investors LLC lifted its holdings in Edison International by 1.5% in the 3rd quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock valued at $768,000 after purchasing an additional 201 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Edison International by 2.4% during the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after acquiring an additional 211 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.
Edison International Company Profile
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.