Edison International (NYSE:EIX) Downgraded by Jefferies Financial Group to Moderate Sell

Jefferies Financial Group lowered shares of Edison International (NYSE:EIX) from a hold rating to a moderate sell rating in a report released on Friday morning,Zacks reports.

EIX has been the topic of a number of other reports. UBS Group reissued a “neutral” rating and set a $57.00 price target on shares of Edison International in a report on Thursday, September 24th. Morgan Stanley decreased their price objective on shares of Edison International from $65.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, September 18th. Bank of America cut Edison International from a “buy” rating to a “neutral” rating and dropped their target price for the company from $81.00 to $51.00 in a research report on Tuesday, September 1st. Barclays restated an “equal weight” rating and issued a $75.00 price target (down from $78.00) on shares of Edison International in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. reduced their price target 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 equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $62.45.

Edison International Stock Up 0.0%

Edison International stock opened at $53.81 on Friday. The firm has a market cap of $20.71 billion, a price-to-earnings ratio of 5.55, a price-to-earnings-growth ratio of 2.17 and a beta of 0.62. Edison International has a 52 week low of $51.10 and a 52 week high of $81.62. The business’s 50-day moving average price is $63.89 and its 200 day moving average price is $69.47. 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 announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, beating 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 analysts’ expectations of $4.82 billion. During the same period last year, the business earned $0.97 earnings per share. Edison International’s quarterly revenue was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, sell-side analysts anticipate that Edison International will post 6.13 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Wednesday, October 7th will be given a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Wednesday, October 7th. Edison International’s dividend payout ratio is 36.19%.

Institutional Investors Weigh In On Edison International

Several institutional investors have recently bought and sold shares of EIX. Rakuten Investment Management Inc. purchased a new position in Edison International in the 2nd quarter valued at $4,750,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Edison International during the 2nd quarter worth $33,328,000. Jupiter Topco LLC purchased a new stake in shares of Edison International during the second quarter worth $3,577,000. Corient Private Wealth LP grew its holdings in shares of Edison International by 49.7% during the second quarter. Corient Private Wealth LP now owns 136,621 shares of the utilities provider’s stock worth $10,171,000 after buying an additional 45,336 shares in the last quarter. Finally, Allworth Financial LP acquired a new stake in shares of Edison International in the second quarter valued at about $2,586,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

About Edison International

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.