JPMorgan Chase & Co. Boosts Edison International (NYSE:EIX) Price Target to $76.00

Edison International (NYSE:EIX) had its price target raised by research analysts at JPMorgan Chase & Co. from $75.00 to $76.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 9.44% from the company’s previous close.

A number of other research firms have also recently weighed in on EIX. Bank of America cut their price target on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Truist Financial initiated coverage on Edison International in a report on Monday, April 20th. They set a “hold” rating and a $82.00 price target on the stock. TD Cowen lifted their price target on Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a report on Friday, February 20th. Mizuho set a $79.00 price target on Edison International in a report on Thursday, February 19th. Finally, Morgan Stanley cut their price target on Edison International from $71.00 to $70.00 and set an “underweight” rating on the stock in a report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.91.

Edison International Stock Performance

NYSE EIX traded down $1.28 during trading hours on Friday, reaching $69.45. The company’s stock had a trading volume of 498,848 shares, compared to its average volume of 3,157,112. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98. The business has a 50-day simple moving average of $71.29 and a 200 day simple moving average of $64.99. Edison International has a 52 week low of $47.73 and a 52 week high of $76.21. The stock has a market cap of $26.72 billion, a PE ratio of 7.54, a PEG ratio of 1.22 and a beta of 0.68.

Edison International (NYSE:EIX) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter last year, the company posted $1.37 earnings per share. Edison International’s revenue was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities research analysts predict that Edison International will post 6.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $75.30, for a total transaction of $37,650.00. Following the sale, the director owned 34,212 shares of the company’s stock, valued at $2,576,163.60. The trade was a 1.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Edison International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EIX. Jones Financial Companies Lllp raised its holdings in Edison International by 112.9% during the first quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock worth $577,000 after purchasing an additional 5,190 shares in the last quarter. Empowered Funds LLC grew its position in Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after buying an additional 211 shares during the last quarter. Woodline Partners LP grew its position in Edison International by 40.7% in the first quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock worth $1,927,000 after buying an additional 9,459 shares during the last quarter. Sivia Capital Partners LLC grew its position in Edison International by 153.6% in the second quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock worth $451,000 after buying an additional 5,290 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new position in Edison International in the second quarter worth approximately $302,000. 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.