JPMorgan Chase & Co. Issues Positive Forecast for Edison International (NYSE:EIX) Stock Price

Edison International (NYSE:EIX) had its price objective boosted by JPMorgan Chase & Co. from $75.00 to $76.00 in a research note issued to investors on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the utilities provider’s stock.

A number of other research analysts also recently commented on EIX. Bank of America cut their target price on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Mizuho set a $79.00 target price on shares of Edison International in a research report on Thursday, February 19th. Morgan Stanley cut their price objective on shares of Edison International from $71.00 to $70.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 21st. LADENBURG THALM/SH SH reiterated a “sell” rating and set a $63.00 price objective on shares of Edison International in a research note on Thursday, March 5th. Finally, UBS Group cut shares of Edison International from a “buy” rating to a “neutral” rating and increased their target price for the company from $70.00 to $78.00 in a research report on Friday, February 13th. Four 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $72.91.

Edison International Trading Down 2.1%

NYSE EIX opened at $69.27 on Friday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. The company has a market capitalization of $26.65 billion, a price-to-earnings ratio of 7.52, a price-to-earnings-growth ratio of 1.23 and a beta of 0.68. The company’s 50-day simple moving average is $71.20 and its two-hundred day simple moving average is $65.02. Edison International has a one year low of $47.73 and a one year high of $76.21.

Edison International (NYSE:EIX) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities analysts forecast that Edison International will post 6.12 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th were given a dividend of $0.8775 per share. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.1%. Edison International’s dividend payout ratio is presently 38.11%.

Insider Activity

In other news, Director Peter J. Taylor sold 500 shares of the company’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $75.30, for a total transaction of $37,650.00. Following the transaction, the director directly owned 34,212 shares of the company’s stock, valued at approximately $2,576,163.60. This represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Institutional Trading of Edison International

Institutional investors have recently bought and sold shares of the stock. 10Elms LLP acquired a new stake in Edison International in the 4th quarter worth approximately $26,000. Transamerica Financial Advisors LLC boosted its stake in Edison International by 170.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 281 shares in the last quarter. Activest Wealth Management boosted its stake in Edison International by 677.8% in the 3rd quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 488 shares in the last quarter. CVA Family Office LLC boosted its stake in Edison International by 113.7% in the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 307 shares in the last quarter. Finally, Ransom Advisory Ltd boosted its stake in Edison International by 74.9% in the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 259 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

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.