Barclays Cuts Edison International (NYSE:EIX) Price Target to $67.00

Edison International (NYSE:EIX) had its target price decreased by equities research analysts at Barclays from $68.00 to $67.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price target would indicate a potential upside of 9.05% from the stock’s previous close.

Other research analysts have also issued research reports about the company. UBS Group reaffirmed a “buy” rating on shares of Edison International in a research report on Friday, January 16th. LADENBURG THALM/SH SH upped their price target on Edison International from $52.50 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. Morgan Stanley reiterated an “underweight” rating on shares of Edison International in a research note on Wednesday. Finally, Zacks Research cut shares of Edison International from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $63.70.

Edison International Stock Performance

Shares of EIX stock traded up $1.02 during trading on Thursday, reaching $61.44. 954,435 shares of the company’s stock traded hands, compared to its average volume of 3,074,687. Edison International has a 1 year low of $47.73 and a 1 year high of $62.62. The company has a market capitalization of $23.64 billion, a P/E ratio of 8.02, a PEG ratio of 0.87 and a beta of 0.83. 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 firm’s 50-day moving average is $59.32 and its 200 day moving average is $56.32.

Edison International (NYSE:EIX) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.18. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.31 billion. Edison International had a return on equity of 13.62% and a net margin of 17.24%.The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.51 EPS. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. Equities research analysts expect that Edison International will post 4.95 EPS for the current year.

Insiders Place Their Bets

In related news, Director Peter J. Taylor sold 1,800 shares of the stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $55.27, for a total value of $99,486.00. Following the completion of the transaction, the director owned 35,212 shares in the company, valued at $1,946,167.24. This represents a 4.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EIX. Activest Wealth Management boosted its position in Edison International by 677.8% during the 3rd quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 488 shares during the period. CVA Family Office LLC grew its position in Edison International by 113.7% during the third quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 307 shares in the last quarter. Ransom Advisory Ltd increased its stake in Edison International by 74.9% in the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after buying an additional 259 shares during the period. American National Bank & Trust purchased a new stake in Edison International in the 2nd quarter worth approximately $32,000. Finally, Laurel Wealth Advisors LLC boosted its stake in shares of Edison International by 5,064.3% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock valued at $37,000 after buying an additional 709 shares during the period. Institutional investors and hedge funds 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.