Argus Reaffirms "Hold" Rating for Edison International (NYSE:EIX)

Key Points

• Argus reaffirmed its “Hold” rating on Edison International, matching the broader analyst consensus. The consensus price target is $72.45, with ratings split among three Buys, eight Holds, and three Sells.
• Edison International shares opened at $74.83, near their 50-day average of $74.23, while the stock’s 52-week range is $52.00 to $81.62. The company has a market capitalization of approximately $28.79 billion.
• The utility provider beat quarterly earnings expectations, reporting $1.54 EPS versus the $1.18 consensus, although revenue of $4.36 billion fell short of estimates and declined 4.1% year over year. Institutional investors own 88.95% of the company’s stock.

Edison International (NYSE:EIX - Get Free Report)'s stock had its "hold" rating restated by stock analysts at Argus in a research report issued on Wednesday,Benzinga reports.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. lifted their price target on Edison International from $75.00 to $76.00 and gave the stock a "neutral" rating in a research note on Friday, May 15th. Barclays restated an "equal weight" rating and issued a $75.00 price objective (down from $78.00) on shares of Edison International in a report on Friday, July 31st. Weiss Ratings cut shares of Edison International from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, August 12th. Mizuho boosted their price target on Edison International from $79.00 to $86.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Finally, Morgan Stanley cut their price objective on shares of Edison International from $69.00 to $65.00 and set an "underweight" rating on the stock in a research report on Friday, August 21st. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $72.45.

Edison International Trading Up 1.2%

Shares of Edison International stock opened at $74.83 on Wednesday. The stock's 50-day simple moving average is $74.23 and its 200 day simple moving average is $72.22. Edison International has a 52-week low of $52.00 and a 52-week high of $81.62. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. The stock has a market capitalization of $28.79 billion, a P/E ratio of 7.71, a P/E/G ratio of 5.74 and a beta of 0.66.

Edison International (NYSE:EIX - Get Free Report) last posted its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $1.18 by $0.36. The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The company's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, research analysts anticipate that Edison International will post 6.13 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EIX. Jones Financial Companies Lllp grew its stake in Edison International by 112.9% in the first quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider's stock worth $577,000 after purchasing an additional 5,190 shares in the last quarter. Empowered Funds LLC boosted its stake in Edison International by 2.4% in the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider's stock worth $523,000 after purchasing an additional 211 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Edison International by 40.7% during the first quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider's stock valued at $1,927,000 after buying an additional 9,459 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Edison International by 153.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider's stock valued at $451,000 after purchasing an additional 5,290 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new stake in Edison International in the second quarter valued at approximately $302,000. Institutional investors own 88.95% of the company's stock.

Edison International Company Profile

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.

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