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

by · The Markets Daily

Edison International (NYSE:EIX – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

EIX has been the subject of several other reports. UBS Group lifted their price objective on Edison International from $66.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. TD Cowen began coverage on Edison International in a research report on Thursday, October 16th. They issued a “buy” rating and a $71.00 price target on the stock. Zacks Research raised Edison International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. LADENBURG THALM/SH SH upped their price objective on shares of Edison International from $52.50 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Finally, Cowen started coverage on shares of Edison International in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Edison International presently has a consensus rating of “Hold” and a consensus target price of $64.50.

Read Our Latest Analysis on Edison International

Edison International Stock Performance

NYSE EIX opened at $58.08 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $22.35 billion, a P/E ratio of 7.59, a P/E/G ratio of 0.87 and a beta of 0.83. Edison International has a 12-month low of $47.73 and a 12-month high of $85.15. The firm has a 50-day moving average price of $56.76 and a two-hundred day moving average price of $54.63.

Edison International (NYSE:EIX – Get Free Report) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $2.34 EPS for the quarter, topping 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 company had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.31 billion. During the same period last year, the firm earned $1.51 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. 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 at Edison International

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 transaction, the director owned 35,212 shares of the company’s stock, valued at approximately $1,946,167.24. This represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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 the stock. Kentucky Trust Co grew its stake in shares of Edison International by 66.7% during 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 last quarter. Activest Wealth Management boosted its holdings in shares of Edison International by 677.8% during 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. American National Bank & Trust bought a new stake in Edison International during the 2nd quarter worth $32,000. CVA Family Office LLC increased its holdings 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 in the last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Edison International in the first quarter valued at approximately $35,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Company Profile

(Get Free Report)

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.

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