Barclays Issues Pessimistic Forecast for Edison International (NYSE:EIX) Stock Price

Edison International (NYSE:EIX) had its target price decreased by stock analysts at Barclays from $68.00 to $67.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s target price suggests a potential upside of 9.05% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on EIX. Zacks Research cut shares of Edison International from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. JPMorgan Chase & Co. decreased their price target on Edison International from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, December 12th. UBS Group reissued a “buy” rating on shares of Edison International in a research note on Friday, January 16th. Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. Finally, Jefferies Financial Group increased their price target on Edison International from $57.00 to $59.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $63.70.

Edison International Stock Up 1.7%

Shares of NYSE EIX traded up $1.02 during trading hours on Thursday, hitting $61.44. The stock had a trading volume of 954,435 shares, compared to its average volume of 3,074,687. The firm’s 50-day moving average price is $59.32 and its two-hundred day moving average price is $56.32. Edison International has a 52 week low of $47.73 and a 52 week high of $62.62. The company has a market capitalization of $23.64 billion, a P/E ratio of 8.02, a P/E/G ratio of 0.87 and a beta of 0.83. 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 issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.18. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.31 billion. Edison International had a net margin of 17.24% and a return on equity of 13.62%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.51 earnings per share. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. Analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Insider Transactions at Edison International

In other news, Director Peter J. Taylor sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $55.27, for a total value of $99,486.00. Following the completion of the sale, the director directly owned 35,212 shares of the company’s stock, valued at $1,946,167.24. This trade represents a 4.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Edison International

Large investors have recently bought and sold shares of the business. Activest Wealth Management grew 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 acquiring an additional 488 shares in the last quarter. American National Bank & Trust bought a new position in shares of Edison International during the second quarter valued at approximately $32,000. CVA Family Office LLC increased its holdings in Edison International by 113.7% during the third quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock valued at $32,000 after buying an additional 307 shares during the period. Ransom Advisory Ltd raised its stake in Edison International by 74.9% in the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after buying an additional 259 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its holdings in Edison International by 5,064.3% during the second quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock worth $37,000 after buying an additional 709 shares during the period. Hedge funds and other 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.