Analysts Set Edison International (NYSE:EIX) PT at $72.64

Shares of Edison International (NYSE:EIX) have received a consensus rating of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $72.6364.

Several research analysts recently issued reports on EIX shares. LADENBURG THALM/SH SH reissued a “sell” rating and set a $63.00 target price on shares of Edison International in a report on Thursday, March 5th. Mizuho set a $79.00 price target on shares of Edison International in a report on Thursday, February 19th. Weiss Ratings raised Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 15th. Barclays decreased their price objective on Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Finally, Bank of America lowered their target price on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Monday, April 20th.

Edison International Price Performance

Shares of NYSE EIX opened at $73.46 on Wednesday. Edison International has a 52 week low of $47.73 and a 52 week high of $76.21. The business’s 50 day moving average price is $70.99 and its 200 day moving average price is $66.55. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. The firm has a market cap of $28.27 billion, a P/E ratio of 7.98, a P/E/G ratio of 1.27 and a beta of 0.67.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the firm posted $1.37 EPS. Edison International’s revenue for the quarter was up 7.7% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, sell-side analysts expect that Edison International will post 6.12 earnings per share for the current year.

Insider Transactions at Edison International

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

Hedge Funds Weigh In On Edison International

Large investors have recently made changes to their positions in the company. Groupe la Francaise acquired a new stake in Edison International during the first quarter valued at $29,000. 10Elms LLP acquired a new stake in shares of Edison International during the 4th quarter valued at about $26,000. Transamerica Financial Advisors LLC increased its stake in shares of Edison International by 170.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 281 shares in the last quarter. Altshuler Shaham Ltd raised its holdings in Edison International by 36.6% in the 1st quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 155 shares during the period. Finally, Ransom Advisory Ltd boosted its position in Edison International by 74.9% during the fourth 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.

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.