Edison International (NYSE:EIX) Given Consensus Recommendation of “Hold” by Analysts

Shares of Edison International (NYSE:EIX) have been assigned an average recommendation of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $72.6364.

A number of research firms have issued reports on EIX. LADENBURG THALM/SH SH reaffirmed a “sell” rating and issued a $63.00 price objective on shares of Edison International in a research note on Thursday, March 5th. Weiss Ratings raised shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 15th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $62.00 price target on shares of Edison International in a research note on Tuesday, April 21st. Wall Street Zen lowered shares of Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Bank of America lowered their price target on shares of Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Monday, April 20th.

Insider Activity at Edison International

In other news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The stock was 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 of the company’s stock, valued at approximately $2,576,163.60. The trade was a 1.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Edison International

Several hedge funds and other institutional investors have recently made changes to their positions in EIX. 10Elms LLP purchased a new position in shares of Edison International during the 4th quarter worth about $26,000. Transamerica Financial Advisors LLC lifted its stake in Edison International by 170.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 281 shares during the last quarter. Groupe la Francaise bought a new stake in Edison International in the first quarter worth about $29,000. Ransom Advisory Ltd boosted its position in shares of Edison International by 74.9% during the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after buying an additional 259 shares during the period. Finally, Ameriflex Group Inc. boosted its position in shares of Edison International by 100.0% during the third quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock valued at $41,000 after buying an additional 371 shares during the period. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

Shares of NYSE EIX opened at $71.25 on Wednesday. The company has a market cap of $27.42 billion, a P/E ratio of 7.74, a P/E/G ratio of 1.23 and a beta of 0.67. Edison International has a 52-week low of $47.73 and a 52-week high of $76.21. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. The firm’s fifty day moving average is $71.01 and its two-hundred day moving average is $66.73.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, analysts anticipate that Edison International will post 6.12 EPS for the current fiscal year.

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.