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

Edison International (NYSE:EIX) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Several other brokerages have also issued reports on EIX. Morgan Stanley set a $64.00 target price on shares of Edison International in a research note on Thursday, November 20th. Wells Fargo & Company upgraded shares of Edison International to a “hold” rating in a report on Tuesday, October 28th. LADENBURG THALM/SH SH raised their target price on Edison International from $52.50 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research report on Monday, November 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Edison International from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. One equities 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 given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $64.10.

Edison International Trading Down 0.1%

EIX opened at $59.08 on Friday. The company has a market cap of $22.73 billion, a P/E ratio of 7.72, a PEG ratio of 0.83 and a beta of 0.85. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.95. The company’s 50 day moving average is $56.47 and its 200-day moving average is $54.65. Edison International has a 1-year low of $47.73 and a 1-year high of $88.61.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share for the quarter, beating 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 business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.31 billion. During the same period in the prior year, the business posted $1.51 earnings per share. Edison International’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. Equities research analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Peter J. Taylor sold 1,800 shares of the 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 transaction, the director directly owned 35,212 shares of the company’s stock, valued at $1,946,167.24. This represents a 4.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Edison International

Hedge funds have recently bought and sold shares of the stock. Kentucky Trust Co grew its position in Edison International by 66.7% during the second quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. Activest Wealth Management boosted its stake in shares of Edison International by 677.8% in the 3rd quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 488 shares in the last quarter. American National Bank & Trust purchased a new stake in shares of Edison International in the 2nd quarter valued at $32,000. CVA Family Office LLC grew its holdings in shares of Edison International by 113.7% during the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 307 shares during the last quarter. Finally, Zions Bancorporation National Association UT purchased a new position in Edison International in the 1st quarter worth $35,000. 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.