Edison International (NYSE:EIX) Given New $74.00 Price Target at JPMorgan Chase & Co.

Edison International (NYSE:EIX) had its price objective boosted by stock analysts at JPMorgan Chase & Co. from $66.00 to $74.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 2.22% from the company’s previous close.

A number of other analysts also recently weighed in on EIX. TD Cowen upped their target price on shares of Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Zacks Research cut shares of Edison International from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Edison International in a research note on Monday, December 29th. Mizuho set a $79.00 price objective on shares of Edison International in a report on Thursday, February 19th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a research note on Friday, February 20th. Three 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $69.44.

Edison International Stock Down 0.7%

Shares of EIX traded down $0.53 on Wednesday, reaching $72.39. The stock had a trading volume of 713,020 shares, compared to its average volume of 3,368,681. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.68 and a current ratio of 0.73. Edison International has a 12-month low of $47.73 and a 12-month high of $75.50. The firm has a market capitalization of $27.86 billion, a price-to-earnings ratio of 6.26, a price-to-earnings-growth ratio of 1.18 and a beta of 0.79. The company has a 50-day simple moving average of $67.01 and a 200-day simple moving average of $60.56.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.40. The company had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Edison International had a return on equity of 14.87% and a net margin of 24.34%.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. Sell-side analysts predict that Edison International will post 4.95 EPS for the current year.

Institutional Trading of Edison International

A number of institutional investors and hedge funds have recently bought and sold shares of EIX. AQR Capital Management LLC lifted its stake in shares of Edison International by 69.9% in the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock worth $1,097,475,000 after buying an additional 7,521,168 shares in the last quarter. Norges Bank bought a new stake in shares of Edison International during the fourth quarter valued at approximately $339,311,000. Vanguard Group Inc. increased its position in shares of Edison International by 4.9% during the second quarter. Vanguard Group Inc. now owns 51,470,117 shares of the utilities provider’s stock valued at $2,655,858,000 after acquiring an additional 2,386,562 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Edison International by 41.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after acquiring an additional 1,609,847 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in Edison International by 2,970.8% in the 4th quarter. SG Americas Securities LLC now owns 1,297,280 shares of the utilities provider’s stock worth $77,863,000 after acquiring an additional 1,255,034 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

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.