Edison International (NYSE:EIX) Price Target Cut to $70.00 by Analysts at Morgan Stanley

Edison International (NYSE:EIX) had its target price decreased by Morgan Stanley from $71.00 to $70.00 in a report issued on Tuesday morning, MarketBeat Ratings reports. Morgan Stanley currently has an underweight rating on the utilities provider’s stock.

Several other research analysts have also issued reports on EIX. Truist Financial assumed coverage on shares of Edison International in a report on Monday. They set a “hold” rating and a $82.00 price target for the company. Jefferies Financial Group lowered their price target on shares of Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. LADENBURG THALM/SH SH restated a “sell” rating and set a $63.00 price target on shares of Edison International in a report on Thursday, March 5th. JPMorgan Chase & Co. raised their price target on shares of Edison International from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, March 18th. Finally, Wells Fargo & Company restated an “underweight” rating and set a $62.00 price target on shares of Edison International in a report on Tuesday. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $72.82.

Edison International Stock Down 1.1%

Edison International stock opened at $69.81 on Tuesday. 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 52-week low of $47.73 and a 52-week high of $76.21. The firm has a 50 day moving average price of $72.25 and a two-hundred day moving average price of $63.54. The firm has a market cap of $26.87 billion, a price-to-earnings ratio of 6.04, a PEG ratio of 1.14 and a beta of 0.77.

Edison International (NYSE:EIX) last released its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.40. Edison International had a net margin of 24.34% and a return on equity of 14.87%. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the business earned $1.05 EPS. 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. Equities analysts predict that Edison International will post 6.14 EPS for the current year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th will be paid a $0.8775 dividend. The ex-dividend date is Tuesday, April 7th. This represents a $3.51 annualized dividend and a dividend yield of 5.0%. Edison International’s payout ratio is currently 30.36%.

Insider Buying and Selling at Edison International

In other news, Director Peter J. Taylor sold 500 shares of Edison International stock in a transaction on Monday, April 13th. The shares were sold at an average price of $75.30, for a total value of $37,650.00. Following the completion of the sale, the director owned 34,212 shares in the company, valued at $2,576,163.60. The trade was a 1.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by corporate insiders.

Institutional Trading of Edison International

Several hedge funds have recently modified their holdings of EIX. UMB Bank n.a. raised its stake in Edison International by 5.3% in the fourth quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider’s stock worth $190,000 after buying an additional 159 shares in the last quarter. LVW Advisors LLC boosted its position in Edison International by 4.6% during the 4th quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock valued at $254,000 after acquiring an additional 186 shares in the last quarter. Huntington National Bank boosted its position in Edison International by 6.2% during the 4th quarter. Huntington National Bank now owns 3,351 shares of the utilities provider’s stock valued at $201,000 after acquiring an additional 196 shares in the last quarter. Diligent Investors LLC increased its holdings in shares of Edison International by 1.5% in the 3rd quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock valued at $768,000 after acquiring an additional 201 shares during the period. Finally, Empowered Funds LLC increased its holdings in shares of Edison International by 2.4% in the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after acquiring an additional 211 shares during the period. Institutional investors own 88.95% of the company’s stock.

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.