Edison International (NYSE:EIX) Given New $53.00 Price Target at Jefferies Financial Group

Edison International (NYSE:EIX) had its price target cut by investment analysts at Jefferies Financial Group from $68.00 to $53.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “hold” rating on the utilities provider’s stock. Jefferies Financial Group’s price target would indicate a potential downside of 7.01% from the company’s current price.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. cut their price target on Edison International from $82.00 to $61.00 and set a “neutral” rating on the stock in a report on Wednesday, September 2nd. UBS Group decreased their price objective on Edison International from $75.00 to $63.00 and set a “neutral” rating for the company in a report on Tuesday, September 1st. Truist Financial dropped their target price on Edison International from $77.00 to $63.00 and set a “hold” rating on the stock in a research report on Thursday, September 3rd. Mizuho restated a “neutral” rating and issued a $70.00 target price (down from $86.00) on shares of Edison International in a research note on Monday, August 31st. Finally, Weiss Ratings downgraded Edison International from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $64.45.

Edison International Stock Up 1.8%

Shares of Edison International stock traded up $0.99 on Monday, hitting $56.99. The company had a trading volume of 671,022 shares, compared to its average volume of 3,424,813. The stock has a 50-day moving average of $70.77 and a 200-day moving average of $71.43. 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 twelve month low of $52.00 and a twelve month high of $81.62. The firm has a market capitalization of $21.93 billion, a P/E ratio of 5.88, a P/E/G ratio of 2.25 and a beta of 0.62.

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

Institutional Trading of Edison International

Several institutional investors and hedge funds have recently bought and sold shares of EIX. California State Teachers Retirement System increased its position in shares of Edison International by 7,943.7% during the 2nd quarter. California State Teachers Retirement System now owns 54,771,153 shares of the utilities provider’s stock worth $4,077,712,000 after purchasing an additional 54,090,230 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Edison International in the 2nd quarter valued at approximately $3,340,412,000. AQR Capital Management LLC grew its stake in shares of Edison International by 69.9% in the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after buying an additional 7,521,168 shares in the last quarter. Norges Bank bought a new position in shares of Edison International in the fourth quarter valued at $339,311,000. Finally, Legal & General Group Plc bought a new position in shares of Edison International in the second quarter valued at $329,766,000. Institutional investors own 88.95% of the company’s stock.

About Edison International

Edison International (NYSE: EIX) is a holding company focused on electric power generation, transmission and distribution, as well as clean-energy solutions. Its principal subsidiary, Southern California Edison (SCE), is a regulated electric utility that delivers electricity to residential, commercial, industrial and public-sector customers.

SCE operates one of the largest electric utility systems in the United States, serving communities across central, coastal and Southern California.