Edison International (NYSE:EIX) Upgraded at LADENBURG THALM/SH SH

Edison International (NYSE:EIX) was upgraded by research analysts at LADENBURG THALM/SH SH from a “sell” rating to a “neutral” rating in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a $56.50 price objective on the utilities provider’s stock. LADENBURG THALM/SH SH’s price target would indicate a potential downside of 3.44% from the stock’s previous close.

A number of other brokerages have also commented on EIX. Jefferies Financial Group began coverage on Edison International in a research report on Thursday, November 7th. They issued a “buy” rating and a $93.00 target price for the company. UBS Group lowered their target price on Edison International from $96.00 to $87.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Barclays decreased their price target on shares of Edison International from $84.00 to $76.00 and set an “overweight” rating for the company in a research note on Monday. Royal Bank of Canada raised their price objective on shares of Edison International from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Finally, Wells Fargo & Company raised their price target on shares of Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $84.96.

Edison International Trading Up 2.2 %

Shares of EIX stock opened at $58.51 on Wednesday. The stock has a 50-day moving average of $80.71 and a 200-day moving average of $81.62. Edison International has a 1-year low of $55.27 and a 1-year high of $88.77. The stock has a market cap of $22.65 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 1.96 and a beta of 0.93. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96.

Edison International (NYSE:EIX) last released its earnings results on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.13. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the previous year, the business earned $1.38 earnings per share. Edison International’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities research analysts forecast that Edison International will post 4.94 earnings per share for the current year.

Insider Activity

In other Edison International news, VP Adam S. Umanoff sold 25,619 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $83.05, for a total transaction of $2,127,657.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Guardian Financial Partners LLC boosted its holdings in shares of Edison International by 5.8% in the fourth quarter. Guardian Financial Partners LLC now owns 12,571 shares of the utilities provider’s stock worth $1,004,000 after acquiring an additional 686 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new position in Edison International during the 4th quarter valued at about $235,000. CHURCHILL MANAGEMENT Corp increased its position in shares of Edison International by 6.6% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 80,908 shares of the utilities provider’s stock valued at $6,460,000 after buying an additional 5,011 shares during the period. Park Avenue Securities LLC boosted its position in shares of Edison International by 10.8% in the fourth quarter. Park Avenue Securities LLC now owns 3,004 shares of the utilities provider’s stock valued at $240,000 after acquiring an additional 294 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in Edison International by 119.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 30,014 shares of the utilities provider’s stock valued at $2,396,000 after acquiring an additional 16,362 shares in the last quarter. 88.95% of the stock is owned by institutional investors.

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.