Edison International (NYSE:EIX) Stock Gets Price Target Cut from Wells Fargo & Company

Edison International (NYSE:EIX) had its price objective reduced by Wells Fargo & Company from $62.00 to $59.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an underweight rating on the utilities provider’s stock.

Several other brokerages have also weighed in on EIX. Truist Financial cut their price target on Edison International from $63.00 to $62.00 and set a “hold” rating for the company in a research note on Monday, October 12th. Barclays upped their price target on shares of Edison International from $53.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday. The Goldman Sachs Group set a $67.00 price objective on Edison International in a report on Thursday, October 15th. UBS Group reaffirmed a “neutral” rating and set a $57.00 price target on shares of Edison International in a report on Thursday, September 24th. Finally, JPMorgan Chase & Co. lowered their price objective on Edison International from $61.00 to $59.00 and set a “neutral” rating for the company in a research note on Monday, October 12th. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $60.73.

Edison International Trading Up 0.2%

NYSE EIX opened at $58.92 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.01. Edison International has a 12 month low of $51.10 and a 12 month high of $81.62. The stock has a 50-day simple moving average of $57.77 and a 200 day simple moving average of $67.72. The company has a market capitalization of $22.67 billion, a PE ratio of 6.26, a P/E/G ratio of 2.49 and a beta of 0.56.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Thursday, October 29th. The utilities provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.11. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $5.34 billion. Edison International had a return on equity of 14.17% and a net margin of 20.50%. The business’s revenue for the quarter was down 15.0% on a year-over-year basis. During the same period last year, the firm posted $2.34 earnings per share. Research analysts forecast that Edison International will post 6.13 EPS for the current year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Investors of record on Wednesday, October 7th were given a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Wednesday, October 7th. Edison International’s dividend payout ratio (DPR) is presently 37.30%.

Insider Buying and Selling at Edison International

In other Edison International news, Director Peter Taylor sold 500 shares of the company’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $55.56, for a total value of $27,780.00. Following the transaction, the director directly owned 33,212 shares of the company’s stock, valued at $1,845,258.72. This represents a 1.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Edison International in the second quarter valued at approximately $3,340,412,000. Legal & General Group Plc purchased a new stake in Edison International in the second quarter valued at $329,766,000. Bank of New York Mellon Corp acquired a new position in shares of Edison International during the second quarter worth about $309,361,000. Amundi raised its holdings in shares of Edison International by 27.0% in the second quarter. Amundi now owns 3,570,726 shares of the utilities provider’s stock worth $265,843,000 after acquiring an additional 759,236 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Edison International in the second quarter worth about $261,275,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Edison International

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

• Positive Sentiment: Edison reported third-quarter adjusted EPS of $1.92, exceeding consensus estimates of $1.81-$1.83. Management also reaffirmed its 2026 core EPS guidance of $5.90-$6.20 and outlined a $38 billion-$41 billion capital-investment plan. Edison International Q3 Earnings Outpace Estimates, Revenues Miss
• Positive Sentiment: The company maintained its earnings outlook despite regulatory challenges, providing some support for the stock’s longer-term investment case. Edison Reaffirms 2026 Core EPS Guidance
• Neutral Sentiment: Barclays raised its price target from $53 to $58 while retaining an “equal weight” rating, suggesting limited expected upside at recent trading levels. Barclays Edison International Ratings
• Neutral Sentiment: Edison was highlighted among high-yield utility stocks, which may attract income-focused investors, although the article does not introduce a material change to the company’s outlook. High-Yield Utilities Article
• Negative Sentiment: Third-quarter revenue fell 15% year over year to $4.89 billion, missing estimates of $5.34 billion, while EPS declined from $2.34 a year earlier. The revenue miss and weaker earnings growth temper the impact of the EPS beat. Q3 Earnings and Revenue Results
• Negative Sentiment: Management stressed the need for urgent California wildfire-liability reform, warning that rising financing costs could restrict grid investment. Delays in reform and potential wildfire claims remain major risks. EIX Earnings Call Highlights Wildfire Reform
• Negative Sentiment: Wells Fargo lowered its price target from $62 to $59 and maintained an “underweight” rating, reinforcing investor concerns about limited upside and regulatory exposure. Wells Fargo Edison International Ratings

Edison International Company Profile

Edison International (NYSE: EIX) is an electric power holding company based in California. Its principal subsidiary, Southern California Edison (SCE), is one of the largest electric utilities in the United States and delivers electricity across central, coastal and Southern California. SCE serves millions of residential, commercial and industrial customers through an extensive transmission and distribution network.

Edison International’s operations are focused on the generation, transmission and distribution of electricity, as well as supporting the transition to cleaner energy.