Edison International (NYSE:EIX – Get Free Report) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.
A number of other research analysts have also recently commented on EIX. Morgan Stanley upped their target price on shares of Edison International from $52.00 to $53.00 and gave the company an “underweight” rating in a research report on Tuesday, November 21st. Barclays decreased their target price on shares of Edison International from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Monday, January 22nd. Evercore ISI upgraded Edison International from an “in-line” rating to an “outperform” rating and lowered their price target for the stock from $74.00 to $68.00 in a research report on Monday, October 23rd. Mizuho cut their price objective on Edison International from $76.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Finally, Guggenheim raised Edison International from a “neutral” rating to a “buy” rating and increased their target price for the stock from $66.00 to $84.00 in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Edison International has an average rating of “Hold” and a consensus price target of $72.91.
Edison International Trading Down 0.2 %
Shares of EIX traded down $0.15 during mid-day trading on Friday, reaching $66.31. The stock had a trading volume of 2,537,246 shares, compared to its average volume of 2,656,574. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.80 and a quick ratio of 0.75. Edison International has a 52-week low of $58.82 and a 52-week high of $74.92. The business’s fifty day moving average is $68.88 and its 200 day moving average is $67.45. The firm has a market cap of $25.43 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 3.52 and a beta of 0.97.
Institutional Trading of Edison International
Large investors have recently made changes to their positions in the company. Bruce G. Allen Investments LLC purchased a new position in Edison International in the fourth quarter valued at approximately $27,000. RVW Wealth LLC purchased a new position in Edison International in the third quarter valued at approximately $25,000. WASHINGTON TRUST Co increased its stake in Edison International by 117.4% in the fourth quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 270 shares during the last quarter. Northwest Financial Advisors purchased a new position in Edison International in the fourth quarter valued at approximately $40,000. Finally, First Horizon Advisors Inc. increased its stake in Edison International by 61.4% in the first quarter. First Horizon Advisors Inc. now owns 615 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 234 shares during the last quarter. 88.17% of the stock is currently owned by hedge funds and other institutional investors.
Edison International Company Profile
Edison International, through its subsidiaries, generates and distributes electric power. The company supplies electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors. It also provides decarbonization and energy solutions to commercial, institutional, and industrial customers in North America and Europe.