Edison International (NYSE:EIX) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Edison International (NYSE:EIX) from a buy rating to a hold rating in a research report released on Saturday.

EIX has been the topic of a number of other research reports. Zacks Research upgraded shares of Edison International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. TD Cowen assumed coverage on shares of Edison International in a report on Thursday, October 16th. They set a “buy” rating and a $71.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of Edison International from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday, September 25th. UBS Group increased their price target on shares of Edison International from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley set a $64.00 price target on shares of Edison International in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Edison International has an average rating of “Hold” and an average price target of $64.50.

Edison International Stock Up 0.9%

EIX stock opened at $58.08 on Friday. Edison International has a twelve month low of $47.73 and a twelve month high of $85.15. 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 cap of $22.35 billion, a PE ratio of 7.59, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83. The business’s 50-day simple moving average is $56.76 and its 200 day simple moving average is $54.64.

Edison International (NYSE:EIX) last announced 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 company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter last year, the company earned $1.51 EPS. The company’s quarterly 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. On average, research analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 7th were given a $0.8275 dividend. The ex-dividend date was Tuesday, October 7th. This represents a $3.31 dividend on an annualized basis and a yield of 5.7%. Edison International’s payout ratio is 43.27%.

Insiders Place Their Bets

In other news, Director Peter J. Taylor sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $55.27, for a total transaction of $99,486.00. Following the completion of the sale, the director owned 35,212 shares of the company’s stock, valued at approximately $1,946,167.24. This trade represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Edison International

A number of large investors have recently bought and sold shares of EIX. Vanguard Group Inc. raised its position in Edison International by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 51,739,673 shares of the utilities provider’s stock valued at $2,860,169,000 after purchasing an additional 269,556 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Edison International by 3.5% in the second quarter. Geode Capital Management LLC now owns 12,136,256 shares of the utilities provider’s stock valued at $638,576,000 after buying an additional 407,039 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Edison International by 8.0% in the third quarter. AQR Capital Management LLC now owns 10,763,984 shares of the utilities provider’s stock valued at $595,033,000 after buying an additional 801,082 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Edison International by 10.8% in the second quarter. Invesco Ltd. now owns 6,392,459 shares of the utilities provider’s stock valued at $329,851,000 after buying an additional 621,924 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Edison International by 111.6% in the first quarter. JPMorgan Chase & Co. now owns 5,663,427 shares of the utilities provider’s stock valued at $333,689,000 after buying an additional 2,987,318 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

About Edison International

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.