Edison International (NYSE:EIX) Earns Neutral Rating from Mizuho

Edison International (NYSE:EIX)‘s stock had its “neutral” rating reiterated by investment analysts at Mizuho in a research report issued on Monday, MarketBeat.com reports. They presently have a $70.00 price target on the utilities provider’s stock, down from their prior price target of $86.00. Mizuho’s target price would indicate a potential downside of 0.13% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Barclays restated an “equal weight” rating and issued a $75.00 target price (down from $78.00) on shares of Edison International in a report on Friday, July 31st. Argus reiterated a “hold” rating on shares of Edison International in a research note on Wednesday, August 26th. JPMorgan Chase & Co. increased their price target on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Weiss Ratings upgraded Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Finally, Morgan Stanley cut their price objective on Edison International from $69.00 to $65.00 and set an “underweight” rating for the company in a report on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $71.00.

Edison International Trading Down 0.1%

Shares of NYSE:EIX opened at $70.09 on Monday. The company has a market cap of $26.97 billion, a P/E ratio of 7.23, a PEG ratio of 5.45 and a beta of 0.66. 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 1 year low of $52.00 and a 1 year high of $81.62. The stock’s fifty day moving average price is $74.30 and its 200-day moving average price is $72.41.

Edison International (NYSE:EIX) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 EPS 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 for the quarter, compared to analysts’ expectations of $4.82 billion. During the same period last year, the firm posted $0.97 earnings per share. Edison International’s revenue 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. Sell-side analysts expect that Edison International will post 6.13 earnings per share for the current 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. California State Teachers Retirement System raised its position in Edison International by 7,943.7% in the second quarter. California State Teachers Retirement System now owns 54,771,153 shares of the utilities provider’s stock worth $4,077,712,000 after acquiring an additional 54,090,230 shares during the period. BlackRock Inc. bought a new stake in shares of Edison International during the 2nd quarter valued at $3,340,412,000. State Street Corp increased its stake in shares of Edison International by 3.0% in the 4th quarter. State Street Corp now owns 33,141,204 shares of the utilities provider’s stock worth $1,989,135,000 after purchasing an additional 953,800 shares in the last quarter. AQR Capital Management LLC raised its holdings in Edison International by 69.9% in the 4th quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock worth $1,097,475,000 after purchasing an additional 7,521,168 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Edison International by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock worth $803,407,000 after purchasing an additional 386,905 shares during the period. 88.95% of the stock is owned by hedge funds and other institutional investors.

About Edison International

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.