Edison International’s (EIX) Neutral Rating Reiterated at Mizuho

Mizuho reissued their neutral rating on shares of Edison International (NYSE:EIX) in a research note published on Monday, Marketbeat.com reports. The brokerage currently has a $70.00 price objective on the utilities provider’s stock, down from their prior price objective of $86.00.

EIX has been the subject of a number of other research reports. JPMorgan Chase & Co. increased their target price on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Argus reissued a “hold” rating on shares of Edison International in a research report on Wednesday, August 26th. Weiss Ratings upgraded shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 27th. Truist Financial cut their price objective on shares of Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a report on Tuesday, August 4th. Finally, Morgan Stanley reduced their price objective on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating for the company in a research note on Friday, August 21st. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $65.82.

Edison International Stock Performance

Shares of EIX opened at $55.18 on Monday. The firm has a market cap of $21.23 billion, a PE ratio of 5.69, a PEG ratio of 2.37 and a beta of 0.62. The stock’s fifty day moving average price is $73.28 and its two-hundred day moving average price is $72.17. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. Edison International has a 1 year low of $52.00 and a 1 year high of $81.62.

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

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were paid a $0.8775 dividend. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 6.4%. Edison International’s dividend payout ratio (DPR) is currently 36.19%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EIX. 10Elms LLP purchased a new stake in shares of Edison International in the fourth quarter worth about $26,000. Edmond DE Rothschild Holding S.A. purchased a new position in Edison International during the second quarter valued at approximately $26,000. Transamerica Financial Advisors LLC grew its stake in Edison International by 170.3% during the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 281 shares in the last quarter. Groupe la Francaise bought a new stake in Edison International during the 1st quarter worth approximately $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in Edison International during the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International News Summary

Here are the key news stories impacting Edison International this week:

• Positive Sentiment: Unusual options activity provided a limited bullish signal: traders purchased 23,522 EIX call options, representing a 514% increase over average call volume. However, options activity does not necessarily indicate a fundamental improvement.
• Neutral Sentiment: JPMorgan reduced its EIX price target from $82 to $61 and assigned a “neutral” rating, while Mizuho also moved to a neutral stance. The revised JPMorgan target still implies potential upside from the recently quoted share price. Mizuho downgrades Edison International
• Negative Sentiment: Bank of America downgraded Edison International from “buy” to “neutral” and slashed its price target from $81 to $51, citing increased uncertainty around wildfire liability. Stocks on investors’ radar
• Negative Sentiment: California lawmakers reportedly rejected a wildfire bill that did not provide liability protections for utilities. Investors viewed the outcome as a reform setback because it may leave EIX more exposed to potentially significant wildfire-related costs. California wildfire reform setback
• Negative Sentiment: The latest decline followed another analyst price-target reduction, reinforcing concerns that the market is reassessing Edison International’s risk profile after the failed legislation. Why Edison International Stock Withered on Wednesday

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.