Edison International (NYSE:EIX) Receives Hold Rating from Argus

Edison International (NYSE:EIX)‘s stock had its “hold” rating reiterated by stock analysts at Argus in a report issued on Wednesday,Benzinga reports.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. raised their target price on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Weiss Ratings downgraded shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Morgan Stanley cut their target price on Edison International from $69.00 to $65.00 and set an “underweight” rating on the stock in a research report on Friday, August 21st. Barclays reiterated an “equal weight” rating and issued a $75.00 price objective (down from $78.00) on shares of Edison International in a research note on Friday, July 31st. Finally, Mizuho raised their price target on Edison International from $79.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $72.45.

Edison International Stock Performance

NYSE EIX opened at $74.83 on Wednesday. Edison International has a fifty-two week low of $52.00 and a fifty-two week high of $81.62. The firm has a market capitalization of $28.79 billion, a P/E ratio of 7.71, a price-to-earnings-growth ratio of 5.74 and a beta of 0.66. The stock’s fifty day moving average is $74.23 and its two-hundred day moving average is $72.22. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. The firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The company’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period last year, the company earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, research analysts anticipate that Edison International will post 6.13 earnings per share for the current year.

Institutional Investors Weigh In On Edison International

Large investors have recently added to or reduced their stakes in the business. 10Elms LLP acquired a new stake in Edison International during the 4th quarter valued at $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in Edison International in the second quarter valued at $26,000. Transamerica Financial Advisors LLC boosted its stake in Edison International by 170.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after buying an additional 281 shares during the last quarter. Groupe la Francaise acquired a new position in shares of Edison International during the 1st quarter valued at about $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Edison International in the second quarter valued at approximately $30,000. 88.95% of the stock is owned by institutional investors and hedge funds.

About Edison International

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.