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

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

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company upgraded Edison International to a “hold” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. dropped their price objective on Edison International from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, December 12th. Zacks Research downgraded Edison International from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. UBS Group increased their target price on Edison International from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a research report on Monday, December 15th. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $63.50.

Edison International Trading Down 1.0%

EIX stock opened at $60.02 on Monday. Edison International has a 52 week low of $47.73 and a 52 week high of $81.02. The company has a market capitalization of $23.10 billion, a PE ratio of 7.85, a price-to-earnings-growth ratio of 0.91 and a beta of 0.83. The company’s 50-day simple moving average is $57.78 and its 200 day simple moving average is $54.89. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.76 and a current ratio of 0.82.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.18. Edison International had a net margin of 17.24% and a return on equity of 13.62%. The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter in the previous year, the firm posted $1.51 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. As a group, sell-side analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Insider Activity at Edison International

In other news, Director Peter J. Taylor sold 1,800 shares of the stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $55.27, for a total value of $99,486.00. Following the completion of the transaction, the director owned 35,212 shares of the company’s stock, valued at approximately $1,946,167.24. This represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Edison International

A number of hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Edison International in the second quarter valued at approximately $268,801,000. AQR Capital Management LLC grew its holdings in Edison International by 83.5% during the 2nd quarter. AQR Capital Management LLC now owns 9,962,902 shares of the utilities provider’s stock worth $510,649,000 after acquiring an additional 4,534,864 shares during the last quarter. ATLAS Infrastructure Partners UK Ltd. increased its position in Edison International by 197.2% in the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,395,732 shares of the utilities provider’s stock valued at $258,997,000 after acquiring an additional 2,916,645 shares during the period. Vanguard Group Inc. increased its position in Edison International by 4.9% in the 2nd 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 during the period. Finally, Los Angeles Capital Management LLC raised its stake in shares of Edison International by 237.2% during the second quarter. Los Angeles Capital Management LLC now owns 1,904,568 shares of the utilities provider’s stock valued at $98,276,000 after acquiring an additional 1,339,806 shares during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

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.