Edison International (NYSE:EIX) Upgraded by UBS Group to Buy Rating

Edison International (NYSE:EIX) was upgraded by research analysts at UBS Group from a “neutral” rating to a “buy” rating in a research note issued on Tuesday,Finviz reports. The firm presently has a $65.00 price target on the utilities provider’s stock, down from their prior price target of $69.00. UBS Group’s price target would suggest a potential upside of 29.72% from the company’s previous close.

Other analysts have also issued reports about the stock. Morgan Stanley reduced their price objective on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating on the stock in a research report on Friday. LADENBURG THALM/SH SH raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target for the company in a research note on Wednesday, January 15th. Guggenheim lowered Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Wells Fargo & Company raised their price objective on Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $72.00 target price on shares of Edison International in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.11.

Edison International Price Performance

Shares of Edison International stock opened at $50.11 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. The firm has a market cap of $19.40 billion, a PE ratio of 14.69, a PEG ratio of 1.05 and a beta of 0.90. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77. The stock has a 50 day moving average of $66.48 and a 200 day moving average of $78.30.

Institutional Trading of Edison International

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Edison International by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 48,589,777 shares of the utilities provider’s stock valued at $3,879,408,000 after acquiring an additional 1,559,501 shares during the last quarter. State Street Corp lifted its holdings in shares of Edison International by 0.7% during the 3rd quarter. State Street Corp now owns 32,549,936 shares of the utilities provider’s stock valued at $2,834,774,000 after purchasing an additional 224,337 shares during the last quarter. FMR LLC lifted its holdings in shares of Edison International by 8.7% during the 3rd quarter. FMR LLC now owns 21,800,874 shares of the utilities provider’s stock valued at $1,898,638,000 after purchasing an additional 1,741,835 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Edison International by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 9,983,519 shares of the utilities provider’s stock worth $795,123,000 after purchasing an additional 362,999 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Edison International by 53.9% during the 4th quarter. Northern Trust Corp now owns 5,757,034 shares of the utilities provider’s stock worth $459,642,000 after buying an additional 2,016,017 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

About Edison International

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.