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

Edison International (NYSE:EIX) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Other equities research analysts also recently issued research reports about the stock. Jefferies Financial Group lowered their target price on shares of Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Zacks Research lowered shares of Edison International from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research note on Monday, December 29th. UBS Group lowered 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. Finally, Morgan Stanley reissued an “underweight” rating on shares of Edison International in a research note on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $64.10.

Edison International Trading Up 3.4%

NYSE EIX opened at $71.43 on Friday. Edison International has a 12 month low of $47.73 and a 12 month high of $71.61. The stock has a 50-day simple moving average of $61.15 and a 200 day simple moving average of $57.82. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $27.49 billion, a PE ratio of 9.34, a P/E/G ratio of 1.05 and a beta of 0.82.

Hedge Funds Weigh In On Edison International

Several hedge funds have recently made changes to their positions in the business. UMB Bank n.a. lifted its stake in Edison International by 5.3% in the fourth quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider’s stock valued at $190,000 after acquiring an additional 159 shares during the last quarter. LVW Advisors LLC grew its holdings in Edison International by 4.6% during the fourth quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 186 shares during the period. Huntington National Bank increased its position in Edison International by 6.2% during the fourth quarter. Huntington National Bank now owns 3,351 shares of the utilities provider’s stock worth $201,000 after buying an additional 196 shares during the last quarter. Diligent Investors LLC raised its stake in Edison International by 1.5% in the third quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock valued at $768,000 after buying an additional 201 shares during the period. Finally, MAI Capital Management raised its stake in Edison International by 20.8% in the second quarter. MAI Capital Management now owns 1,172 shares of the utilities provider’s stock valued at $60,000 after buying an additional 202 shares during the period. 88.95% of the stock is owned by institutional investors.

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.