Edison International (NYSE:EIX) Price Target Raised to $74.00 at JPMorgan Chase & Co.

Edison International (NYSE:EIX) had its price objective upped by analysts at JPMorgan Chase & Co. from $66.00 to $74.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 2.22% from the company’s current price.

A number of other analysts also recently issued reports on EIX. Jefferies Financial Group dropped their price target on shares of Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. UBS Group cut shares of Edison International from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $70.00 to $78.00 in a report on Friday, February 13th. Mizuho set a $79.00 price objective on shares of Edison International in a research report on Thursday, February 19th. Barclays lifted their target price on shares of Edison International from $67.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Finally, TD Cowen boosted their target price on shares of Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Edison International currently has a consensus rating of “Hold” and an average price target of $69.44.

Edison International Stock Performance

Shares of NYSE:EIX traded down $0.53 during midday trading on Wednesday, reaching $72.39. 713,020 shares of the company’s stock traded hands, compared to its average volume of 3,368,681. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.68 and a current ratio of 0.73. Edison International has a one year low of $47.73 and a one year high of $75.50. The company has a market cap of $27.86 billion, a price-to-earnings ratio of 6.26, a P/E/G ratio of 1.18 and a beta of 0.79. The stock has a 50 day moving average of $67.01 and a 200 day moving average of $60.56.

Edison International (NYSE:EIX) last released its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.47 by $0.40. Edison International had a return on equity of 14.87% and a net margin of 24.34%.The company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the company earned $1.05 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. As a group, equities research analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Edison International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Edison International by 169.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,843 shares of the utilities provider’s stock worth $6,901,000 after acquiring an additional 78,531 shares during the period. Versor Investments LP grew its position in shares of Edison International by 55.0% during the third quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock worth $2,865,000 after purchasing an additional 18,381 shares in the last quarter. Nordea Investment Management AB raised its stake in Edison International by 1.7% during the 3rd quarter. Nordea Investment Management AB now owns 1,695,550 shares of the utilities provider’s stock valued at $92,984,000 after purchasing an additional 28,586 shares during the period. Convergence Investment Partners LLC raised its stake in Edison International by 67.6% during the 3rd quarter. Convergence Investment Partners LLC now owns 27,017 shares of the utilities provider’s stock valued at $1,494,000 after purchasing an additional 10,901 shares during the period. Finally, Krilogy Financial LLC lifted its holdings in Edison International by 141.8% in the 3rd quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock worth $1,705,000 after purchasing an additional 17,616 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Company Profile

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.