Edison International (NYSE:EIX) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Edison International (NYSE:EIX – Free Report) had its price objective decreased by JPMorgan Chase & Co. from $61.00 to $59.00 in a research note published on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the utilities provider’s stock.

EIX has been the subject of a number of other reports. Truist Financial lowered their price target on shares of Edison International from $63.00 to $62.00 and set a “hold” rating for the company in a report on Monday. Weiss Ratings downgraded shares of Edison International from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, September 10th. Argus reissued a “hold” rating on shares of Edison International in a research note on Wednesday, August 26th. Morgan Stanley decreased their target price on shares of Edison International from $65.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, September 18th. Finally, Barclays lowered their target price on shares of Edison International from $75.00 to $53.00 and set an “equal weight” rating for the company in a research note on Friday, October 9th. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $60.18.

Check Out Our Latest Stock Report on Edison International

Edison International Trading Down 0.2%

Shares of Edison International stock opened at $55.38 on Monday. Edison International has a 1 year low of $51.10 and a 1 year high of $81.62. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. The business has a 50 day moving average price of $60.67 and a 200 day moving average price of $68.51. The company has a market capitalization of $21.31 billion, a P/E ratio of 7.74, a P/E/G ratio of 2.23 and a beta of 0.62.

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

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Wednesday, October 7th will be given a dividend of $0.8775 per share. The ex-dividend date is Wednesday, October 7th. This represents a $3.51 annualized dividend and a yield of 6.3%. Edison International’s dividend payout ratio is 36.19%.

Insiders Place Their Bets

In other Edison International news, Director Peter Taylor sold 500 shares of the firm’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $55.56, for a total value of $27,780.00. Following the sale, the director directly owned 33,212 shares of the company’s stock, valued at approximately $1,845,258.72. This trade represents a 1.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Edison International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Edison International in the 2nd quarter worth $3,340,412,000. Legal & General Group Plc purchased a new position in Edison International in the 2nd quarter valued at about $329,766,000. Bank of New York Mellon Corp acquired a new stake in shares of Edison International during the second quarter valued at about $309,361,000. Hsbc Holdings PLC acquired a new stake in shares of Edison International during the second quarter valued at about $261,275,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Edison International during the second quarter valued at about $212,053,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Key Headlines Impacting Edison International

Here are the key news stories impacting Edison International this week:

  • Positive Sentiment: Some analysis suggests EIX could be approximately 16% undervalued after recent wildfire-related selling. The company’s regulated utility operations and roughly 6.4% dividend yield may appeal to income-focused investors if potential liabilities remain manageable. Edison International could be 16% undervalued
  • Positive Sentiment: Southern California Edison warned of possible wildfire-related power shutoffs. While outages could hurt operations and customers, proactive shutoffs may reduce fire risk and potentially limit future liability. Southern California Edison warns of potential wildfire-related power shutoffs
  • Neutral Sentiment: A director sold 500 shares worth approximately $27,780 under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by only 1.48%, limiting its significance as an indicator of insider sentiment. SEC insider trading filing
  • Negative Sentiment: Muddy Waters alleged willful misconduct by Edison International in the Eaton Fire case, intensifying concerns about litigation, regulatory action, and potentially significant wildfire liabilities. Edison drops as Muddy Waters alleges willful misconduct in Eaton Fire case
  • Negative Sentiment: Investors bought 12,575 put options, about 74% above average volume, signaling increased demand for downside protection or bearish speculation.
  • Negative Sentiment: Reports focused on the Eaton Fire claims indicate that uncertainty over liability is likely to remain the primary driver of EIX’s valuation, offsetting the appeal of its dividend and low earnings multiple. Investors may respond to Edison International short seller claims

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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