LADENBURG THALM/SH SH Reiterates “Sell” Rating for Edison International (NYSE:EIX)

Edison International (NYSE:EIX)‘s stock had its “sell” rating reiterated by investment analysts at LADENBURG THALM/SH SH in a research report issued to clients and investors on Thursday, Marketbeat reports. They presently have a $63.00 price target on the utilities provider’s stock. LADENBURG THALM/SH SH’s price target indicates a potential downside of 11.74% from the stock’s previous close.

A number of other research analysts have also weighed in on EIX. Zacks Research cut Edison International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Barclays raised their target price on shares of Edison International from $67.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. UBS Group downgraded shares of Edison International from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $70.00 to $78.00 in a report on Friday, February 13th. TD Cowen upped their price target on shares of Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, Wells Fargo & Company downgraded shares of Edison International from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $56.00 to $59.00 in a research report on Tuesday, January 20th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Edison International has an average rating of “Hold” and an average target price of $68.56.

Edison International Stock Performance

NYSE EIX traded down $2.51 on Thursday, hitting $71.38. 320,530 shares of the stock were exchanged, compared to its average volume of 3,251,291. The business’s fifty day moving average is $64.96 and its 200 day moving average is $59.50. Edison International has a 52 week low of $47.73 and a 52 week high of $75.50. The company has a market capitalization of $27.47 billion, a PE ratio of 6.17, a P/E/G ratio of 1.20 and a beta of 0.79. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.68.

Edison International (NYSE:EIX) last issued its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 24.34% and a return on equity of 14.87%. During the same period in the prior year, the firm 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. Research analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Institutional Trading of Edison International

A number of institutional investors and hedge funds have recently made changes to their positions in EIX. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Edison International by 169.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,843 shares of the utilities provider’s stock worth $6,901,000 after purchasing an additional 78,531 shares during the period. Versor Investments LP raised its position in Edison International by 55.0% in the third quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock worth $2,865,000 after acquiring an additional 18,381 shares during the period. Nordea Investment Management AB boosted its stake in Edison International by 1.7% in the third quarter. Nordea Investment Management AB now owns 1,695,550 shares of the utilities provider’s stock valued at $92,984,000 after acquiring an additional 28,586 shares during the last quarter. Convergence Investment Partners LLC grew its position in shares of Edison International by 67.6% during the 3rd quarter. Convergence Investment Partners LLC now owns 27,017 shares of the utilities provider’s stock valued at $1,494,000 after acquiring an additional 10,901 shares during the period. Finally, Krilogy Financial LLC increased its stake in shares of Edison International by 141.8% during the 3rd quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock worth $1,705,000 after purchasing an additional 17,616 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

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.