Jefferies Financial Group Downgrades Edison International (NYSE:EIX) to Moderate Sell

Edison International (NYSE:EIX – Get Free Report) was downgraded by analysts at Jefferies Financial Group from a “hold” rating to a “moderate sell” rating in a research report issued to clients and investors on Friday, Zacks reports.

Several other research analysts have also weighed in on the stock. Mizuho reiterated a “neutral” rating and issued a $70.00 price objective (down from $86.00) on shares of Edison International in a research note on Monday, August 31st. Morgan Stanley decreased their target price on shares of Edison International from $65.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, September 18th. JPMorgan Chase & Co. lowered their price target on shares of Edison International from $82.00 to $61.00 and set a “neutral” rating on the stock in a report on Wednesday, September 2nd. Truist Financial dropped their price target on shares of Edison International from $77.00 to $63.00 and set a “hold” rating on the stock in a research note on Thursday, September 3rd. Finally, Barclays reiterated an “equal weight” rating and set a $75.00 price objective (down from $78.00) on shares of Edison International in a report on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Edison International presently has an average rating of “Reduce” and an average price target of $62.45.

View Our Latest Report on EIX

Edison International Trading Up 0.0%

Shares of NYSE EIX opened at $53.81 on Friday. Edison International has a one year low of $51.10 and a one year high of $81.62. The firm has a market capitalization of $20.71 billion, a PE ratio of 5.55, a PEG ratio of 2.17 and a beta of 0.62. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95. The business has a 50-day moving average price of $63.89 and a two-hundred day moving average price of $69.47.

Edison International (NYSE:EIX – Get Free Report) last issued its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.36. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, analysts predict that Edison International will post 6.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Edison International

Institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc lifted its holdings in Edison International by 71.9% in the 3rd quarter. Versant Capital Management Inc now owns 2,355 shares of the utilities provider’s stock worth $127,000 after purchasing an additional 985 shares during the last quarter. QRG Capital Management Inc. grew its holdings in Edison International by 19.9% during the second quarter. QRG Capital Management Inc. now owns 62,390 shares of the utilities provider’s stock valued at $4,645,000 after purchasing an additional 10,369 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Edison International by 28.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 36,824 shares of the utilities provider’s stock valued at $2,742,000 after purchasing an additional 8,116 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Edison International by 36.3% in the second quarter. Sequoia Financial Advisors LLC now owns 41,760 shares of the utilities provider’s stock valued at $3,109,000 after purchasing an additional 11,131 shares during the period. Finally, IPG Investment Advisors LLC acquired a new stake in shares of Edison International in the second quarter worth $1,866,000. 88.95% of the stock is currently owned by institutional investors.

About Edison International

(Get Free Report)

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International’s history is rooted in Southern California Edison, which traces its origins to the late 19th century.

Further Reading

Analyst Recommendations for Edison International (NYSE:EIX)

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