Edison International (NYSE:EIX) Given New $59.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo lowered Edison International’s price target to $59 from $62 and maintained an “underweight” rating, implying approximately 0.75% downside. The broader analyst consensus is “Reduce,” with an average target of $60.73.
• Edison’s third-quarter EPS of $1.92 exceeded the $1.81 consensus, but revenue fell 15% year over year to $4.89 billion, missing estimates of $5.34 billion. The company reaffirmed its 2026 core EPS guidance of $5.90–$6.20 and its $38–$41 billion capital-spending plan.
• Wildfire liability reform remains a major investor concern, with potential claims and higher financing costs threatening grid investment and valuation. Shares recently traded near $59.45, while the stock has declined substantially from its 12-month high of $81.62.

Edison International (NYSE:EIX - Get Free Report) had its price objective lowered by equities researchers at Wells Fargo & Company from $62.00 to $59.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an "underweight" rating on the utilities provider's stock. Wells Fargo & Company's price objective suggests a potential downside of 0.75% from the stock's current price.

A number of other analysts have also recently commented on the stock. UBS Group reissued a "neutral" rating and set a $57.00 target price on shares of Edison International in a research note on Thursday, September 24th. HSBC began coverage on shares of Edison International in a research note on Thursday, October 22nd. They set a "hold" rating and a $56.50 target price on the stock. Jefferies Financial Group lowered shares of Edison International from a "hold" rating to an "underperform" rating and lowered their price target for the stock from $53.00 to $42.00 in a research report on Friday, October 2nd. Weiss Ratings lowered shares of Edison International from a "buy (b-)" rating to a "hold (c)" rating in a research note on Thursday, September 10th. Finally, The Goldman Sachs Group set a $67.00 price target on Edison International in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $60.73.

Edison International Stock Performance

Shares of NYSE EIX traded up $0.07 during midday trading on Friday, reaching $59.45. 1,738,430 shares of the stock were exchanged, compared to its average volume of 3,659,019. The firm has a 50-day simple moving average of $58.08 and a two-hundred day simple moving average of $67.73. 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 $22.88 billion, a price-to-earnings ratio of 6.13, a PEG ratio of 2.49 and a beta of 0.62. 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 - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The utilities provider reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.81 by $0.11. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The company had revenue of $4.89 billion during the quarter, compared to analysts' expectations of $5.34 billion. During the same quarter in the previous year, the company earned $2.34 earnings per share. The firm's revenue for the quarter was down 15.0% on a year-over-year basis. As a group, analysts anticipate that Edison International will post 6.13 EPS for the current fiscal year.

Insider Buying and Selling

In other Edison International news, Director Peter Taylor sold 500 shares of Edison International stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $55.56, for a total value of $27,780.00. Following the completion of the transaction, the director directly owned 33,212 shares of the company's stock, valued at $1,845,258.72. The trade was a 1.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 hedge funds and other institutional investors have recently made changes to their positions in the business. Provenance Wealth Advisors LLC purchased a new stake in Edison International during the 3rd quarter valued at approximately $27,000. Putney Financial Group LLC purchased a new position in shares of Edison International in the 3rd quarter valued at approximately $38,000. Welch Group LLC purchased a new position in shares of Edison International in the 3rd quarter valued at approximately $501,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Edison International in the third quarter valued at approximately $9,423,000. Finally, Vise Technologies Inc. increased its holdings in shares of Edison International by 17.2% in the third quarter. Vise Technologies Inc. now owns 29,911 shares of the utilities provider's stock valued at $1,607,000 after purchasing an additional 4,389 shares during the period. Hedge funds and other institutional investors own 88.95% of the company's stock.

Edison International News Summary

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

• Positive Sentiment: Third-quarter earnings exceeded expectations. Adjusted EPS was $1.92, ahead of the $1.81-$1.83 analyst consensus, although it declined 17.9% from $2.34 a year earlier. Edison International Q3 Earnings Outpace Estimates, Revenues Miss
• Positive Sentiment: Edison reaffirmed its 2026 core EPS guidance of $5.90 to $6.20. Management also maintained its $38 billion-$41 billion capital-spending plan, signaling continued investment in transmission and grid infrastructure. Edison Reaffirms 2026 Core EPS Guidance
• Neutral Sentiment: Barclays raised its price target to $58 from $53 but retained an Equal Weight rating. The new target remains below the stock’s recent trading level, suggesting limited near-term upside in the analyst’s view. Barclays Stock Recommendations
• Negative Sentiment: Revenue missed substantially. Third-quarter revenue fell 15% year over year to $4.89 billion, below the $5.34 billion consensus estimate, while earnings also declined from last year. Edison International Third-Quarter Earnings Report
• Negative Sentiment: Wildfire liability reform remains a major risk. Edison urged California lawmakers to act urgently, warning that rising financing costs could restrict grid investment. Stalled reform and potential wildfire claims continue to weigh on investor sentiment and valuation. EIX Earnings Call Highlights Wildfire Reform

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.

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