Edison International (NYSE:EIX – Get Free Report) had its target price dropped by investment analysts at Wells Fargo & Company from $62.00 to $59.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “underweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price suggests a potential downside of 0.75% from the stock’s previous close.
A number of other research firms also recently weighed in on EIX. JPMorgan Chase & Co. decreased their price target on Edison International from $61.00 to $59.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. Barclays upped their price target on shares of Edison International from $53.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday. Mizuho downgraded shares of Edison International from an “outperform” rating to a “neutral” rating and cut their price target for the company from $86.00 to $70.00 in a report on Monday, August 31st. Morgan Stanley raised their price objective on shares of Edison International from $60.00 to $62.00 and gave the company an “underweight” rating in a research note on Wednesday, October 21st. Finally, The Goldman Sachs Group set a $67.00 price objective on shares of Edison International in a report on Thursday, October 15th. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $60.73.
Get Our Latest Research Report on EIX
Edison International Stock Performance
Shares of Edison International stock traded up $0.07 on Friday, reaching $59.45. 1,738,430 shares of the stock were exchanged, compared to its average volume of 3,659,019. Edison International has a 1-year low of $51.10 and a 1-year high of $81.62. 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 fifty day moving average price of $58.08 and a two-hundred day moving average price of $67.73. The firm has a market capitalization of $22.88 billion, a PE ratio of 6.13, a PEG ratio of 2.49 and a beta of 0.62.
Edison International (NYSE:EIX – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.11. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $5.34 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The firm’s revenue for the quarter was down 15.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.34 earnings per share. As a group, research analysts anticipate that Edison International will post 6.13 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Peter Taylor sold 500 shares of the stock in a transaction that occurred on Monday, October 12th. The shares were 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 in the company, valued at $1,845,258.72. This represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of EIX. BlackRock Inc. acquired a new position in shares of Edison International in the second quarter worth $3,340,412,000. Legal & General Group Plc purchased a new stake in shares of Edison International in the second quarter valued at $329,766,000. Bank of New York Mellon Corp acquired a new stake in shares of Edison International during the second quarter valued at $309,361,000. Hsbc Holdings PLC acquired a new stake in shares of Edison International during the second quarter valued at $261,275,000. Finally, Canada Pension Plan Investment Board acquired a new position in Edison International in the 2nd quarter valued at about $212,053,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.
More Edison International News
Here are the key news stories impacting Edison International this week:
- Positive Sentiment: Third-quarter earnings exceeded expectations. Adjusted EPS was $1.92, ahead of the $1.81-$1.83 analyst consensus, although it declined 17.9% from $2.34 a year earlier. Edison International Q3 Earnings Outpace Estimates, Revenues Miss
- Positive Sentiment: Edison reaffirmed its 2026 core EPS guidance of $5.90 to $6.20. Management also maintained its $38 billion-$41 billion capital-spending plan, signaling continued investment in transmission and grid infrastructure. Edison Reaffirms 2026 Core EPS Guidance
- Neutral Sentiment: Barclays raised its price target to $58 from $53 but retained an Equal Weight rating. The new target remains below the stock’s recent trading level, suggesting limited near-term upside in the analyst’s view. Barclays Stock Recommendations
- Negative Sentiment: Revenue missed substantially. Third-quarter revenue fell 15% year over year to $4.89 billion, below the $5.34 billion consensus estimate, while earnings also declined from last year. Edison International Third-Quarter Earnings Report
- Negative Sentiment: Wildfire liability reform remains a major risk. Edison urged California lawmakers to act urgently, warning that rising financing costs could restrict grid investment. Stalled reform and potential wildfire claims continue to weigh on investor sentiment and valuation. EIX Earnings Call Highlights Wildfire Reform
Edison International Company Profile
Edison International (NYSE: EIX) is an electric power holding company based in California. Its principal subsidiary, Southern California Edison (SCE), is one of the largest electric utilities in the United States and delivers electricity across central, coastal and Southern California. SCE serves millions of residential, commercial and industrial customers through an extensive transmission and distribution network.
Edison International’s operations are focused on the generation, transmission and distribution of electricity, as well as supporting the transition to cleaner energy.
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