Edison International (NYSE:EIX) Rating Lowered to “Underperform” at Jefferies Financial Group

Edison International (NYSE:EIX) was downgraded by investment analysts at Jefferies Financial Group from a “hold” rating to an “underperform” rating in a research note issued to investors on Friday, MarketBeat reports. They presently have a $42.00 target price on the utilities provider’s stock. Jefferies Financial Group’s target price would suggest a potential downside of 21.95% from the company’s current price.

Other research analysts also recently issued reports about the company. Mizuho reissued a “neutral” rating and issued a $70.00 target price (down from $86.00) on shares of Edison International in a report on Monday, August 31st. Truist Financial reduced their price objective on Edison International from $77.00 to $63.00 and set a “hold” rating on the stock in a research note on Thursday, September 3rd. Morgan Stanley decreased their target price on Edison International from $65.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, September 18th. Barclays restated an “equal weight” rating and issued a $75.00 target price (down from $78.00) on shares of Edison International in a research note on Friday, July 31st. Finally, Bank of America downgraded shares of Edison International from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $81.00 to $51.00 in a research report on Tuesday, September 1st. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Edison International has a consensus rating of “Reduce” and an average target price of $62.45.

Edison International Stock Down 0.1%

EIX opened at $53.81 on Friday. The firm’s 50-day simple moving average is $63.89 and its 200-day simple moving average is $69.44. 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 has a twelve month low of $51.10 and a twelve month high of $81.62. The firm has a market cap of $20.71 billion, a price-to-earnings ratio of 5.55, a PEG ratio of 2.17 and a beta of 0.62.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate 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 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 firm posted $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities research analysts anticipate that Edison International will post 6.13 EPS for the current fiscal year.

Institutional Trading of Edison International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EIX. BlackRock Inc. bought a new position in shares of Edison International in the 2nd quarter valued at about $3,340,412,000. Legal & General Group Plc acquired a new position in Edison International in the second quarter valued at approximately $329,766,000. Bank of New York Mellon Corp acquired a new position in Edison International in the second quarter valued at approximately $309,361,000. Hsbc Holdings PLC bought a new position in Edison International in the second quarter valued at approximately $261,275,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Edison International during the 2nd quarter worth $212,053,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Company Profile

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International’s history is rooted in Southern California Edison, which traces its origins to the late 19th century.