Edison International (NYSE:EIX) Lowered to Peer Perform Rating by Wolfe Research

Edison International (NYSE:EIX - Get Free Report) was downgraded by equities researchers at Wolfe Research from an "outperform" rating to a "peer perform" rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports.

Several other research firms have also commented on EIX. Barclays upped their price objective on Edison International from $64.00 to $67.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. UBS Group upgraded Edison International from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $69.00 to $65.00 in a research report on Tuesday, February 18th. Mizuho dropped their price target on Edison International from $75.00 to $66.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. The Goldman Sachs Group dropped their target price on Edison International from $88.00 to $68.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. lowered their price target on Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a report on Monday, May 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Edison International currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.89.

Edison International Stock Performance

EIX stock traded up $0.66 during trading on Monday, reaching $50.27. The stock had a trading volume of 5,216,539 shares, compared to its average volume of 3,160,113. The firm has a market cap of $19.34 billion, a PE ratio of 14.74, a PEG ratio of 1.07 and a beta of 0.78. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. The stock's 50 day moving average is $55.75 and its two-hundred day moving average is $61.79. Edison International has a 52 week low of $48.38 and a 52 week high of $88.77.

Edison International (NYSE:EIX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.16. The firm had revenue of $3.81 billion for the quarter, compared to analysts' expectations of $4.29 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The business's quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.13 EPS. As a group, equities analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Institutional Trading of Edison International

Large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Edison International by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,416,770 shares of the utilities provider's stock valued at $192,955,000 after acquiring an additional 76,654 shares during the last quarter. Tounjian Advisory Partners LLC purchased a new stake in shares of Edison International during the 1st quarter valued at approximately $1,151,000. GAMMA Investing LLC lifted its holdings in Edison International by 4,157.4% in the first quarter. GAMMA Investing LLC now owns 145,179 shares of the utilities provider's stock valued at $8,554,000 after acquiring an additional 141,769 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Edison International in the fourth quarter valued at approximately $6,859,000. Finally, RWC Asset Management LLP grew its position in Edison International by 207.1% in the fourth quarter. RWC Asset Management LLP now owns 398,812 shares of the utilities provider's stock worth $31,841,000 after acquiring an additional 268,951 shares during the period. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Edison International Company Profile

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.