Edison International (NYSE:EIX) Upgraded to "Buy" at UBS Group

Edison International (NYSE:EIX - Get Free Report) was upgraded by analysts at UBS Group from a "neutral" rating to a "buy" rating in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage currently has a $65.00 target price on the utilities provider's stock, down from their prior target price of $69.00. UBS Group's price objective suggests a potential upside of 24.77% from the stock's previous close.

Several other equities analysts have also commented on EIX. Morgan Stanley dropped their price target on shares of Edison International from $71.00 to $48.00 and set an "underweight" rating for the company in a research report on Friday, February 14th. Jefferies Financial Group initiated coverage on shares of Edison International in a research report on Thursday, November 7th. They issued a "buy" rating and a $93.00 price objective for the company. Guggenheim lowered shares of Edison International from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH raised shares of Edison International from a "sell" rating to a "neutral" rating and set a $56.50 price objective for the company in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $72.00 price objective on shares of Edison International in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $80.11.

Edison International Trading Up 0.4 %

EIX stock traded up $0.20 on Tuesday, hitting $52.10. 6,203,553 shares of the company were exchanged, compared to its average volume of 6,443,842. Edison International has a twelve month low of $49.06 and a twelve month high of $88.77. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The business's fifty day moving average is $64.67 and its two-hundred day moving average is $77.72. The stock has a market capitalization of $20.17 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 1.08 and a beta of 0.90.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EIX. Vanguard Group Inc. lifted its position in shares of Edison International by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 48,589,777 shares of the utilities provider's stock worth $3,879,408,000 after buying an additional 1,559,501 shares during the last quarter. State Street Corp lifted its position in shares of Edison International by 0.7% in the 3rd quarter. State Street Corp now owns 32,549,936 shares of the utilities provider's stock worth $2,834,774,000 after buying an additional 224,337 shares during the last quarter. FMR LLC lifted its position in shares of Edison International by 8.7% in the 3rd quarter. FMR LLC now owns 21,800,874 shares of the utilities provider's stock worth $1,898,638,000 after buying an additional 1,741,835 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Edison International by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 9,983,519 shares of the utilities provider's stock worth $795,123,000 after buying an additional 362,999 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Edison International by 53.9% in the 4th quarter. Northern Trust Corp now owns 5,757,034 shares of the utilities provider's stock worth $459,642,000 after buying an additional 2,016,017 shares during the last quarter. 88.95% of the stock is currently 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.