Edison International (NYSE:EIX) Receives $76.89 Consensus Target Price from Brokerages

Shares of Edison International (NYSE:EIX - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fifteen research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $76.82.

A number of equities research analysts have commented on the company. Mizuho decreased their price objective on Edison International from $75.00 to $66.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. Evercore ISI reissued an "outperform" rating on shares of Edison International in a research report on Thursday, May 15th. The Goldman Sachs Group decreased their price target on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Wells Fargo & Company lowered their price objective on shares of Edison International from $94.00 to $75.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. cut their target price on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a research report on Monday, May 19th.

Edison International Trading Up 2.7%

Shares of NYSE:EIX traded up $1.31 during mid-day trading on Wednesday, hitting $50.51. The stock had a trading volume of 4,641,440 shares, compared to its average volume of 3,221,776. The company's 50 day moving average is $55.27 and its 200-day moving average is $60.46. Edison International has a 12-month low of $47.73 and a 12-month high of $88.77. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.89 and a current ratio of 0.96. The company has a market cap of $19.43 billion, a PE ratio of 7.16, a P/E/G ratio of 1.16 and a beta of 0.78.

Edison International (NYSE:EIX - Get Free Report) last announced its earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.16. The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $4.29 billion. Edison International had a net margin of 16.84% and a return on equity of 13.21%. The company's revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 EPS. On average, sell-side analysts predict that Edison International will post 4.95 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in Edison International by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,416,770 shares of the utilities provider's stock valued at $192,955,000 after buying an additional 76,654 shares in the last quarter. Tounjian Advisory Partners LLC acquired a new position in shares of Edison International during the 1st quarter valued at about $1,151,000. GAMMA Investing LLC raised its stake in shares of Edison International by 4,157.4% in the 1st 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 in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Edison International in the 4th quarter valued at approximately $6,859,000. Finally, RWC Asset Management LLP lifted its holdings in Edison International by 207.1% in the 4th quarter. RWC Asset Management LLP now owns 398,812 shares of the utilities provider's stock worth $31,841,000 after purchasing an additional 268,951 shares during the last quarter. Institutional investors own 88.95% of the company's stock.

About Edison International

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.