Jefferies Financial Group Cuts Edison International (NYSE:EIX) Price Target to $53.00

Edison International (NYSE:EIX) had its target price cut by Jefferies Financial Group from $68.00 to $53.00 in a research note released on Monday morning, Marketbeat reports. They currently have a hold rating on the utilities provider’s stock.

Several other equities analysts also recently commented on the stock. Morgan Stanley decreased their price objective on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating on the stock in a report on Friday, August 21st. Weiss Ratings lowered shares of Edison International from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, September 10th. Barclays reissued an “equal weight” rating and issued a $75.00 price target (down from $78.00) on shares of Edison International in a report on Friday, July 31st. Mizuho restated a “neutral” rating and set a $70.00 price objective (down from $86.00) on shares of Edison International in a research report on Monday, August 31st. Finally, JPMorgan Chase & Co. reduced their price objective on Edison International from $82.00 to $61.00 and set a “neutral” rating for the company in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Edison International currently has an average rating of “Reduce” and a consensus price target of $64.45.

Edison International Stock Performance

EIX opened at $54.78 on Monday. Edison International has a 12-month low of $52.00 and a 12-month high of $81.62. The stock has a market cap of $21.08 billion, a price-to-earnings ratio of 5.65, a PEG ratio of 2.20 and a beta of 0.62. The business has a 50 day moving average of $69.57 and a 200-day moving average of $71.01. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95.

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

Edison International Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rakuten Investment Management Inc. bought a new stake in shares of Edison International in the 2nd quarter valued at $4,750,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Edison International during the second quarter valued at about $33,328,000. Jupiter Topco LLC bought a new position in shares of Edison International during the 2nd quarter worth about $3,577,000. Allworth Financial LP acquired a new stake in shares of Edison International in the 2nd quarter valued at about $2,586,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Edison International by 41.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock valued at $329,924,000 after buying an additional 1,609,847 shares during the period. Institutional investors and hedge funds 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.