Edison International (NYSE:EIX) Upgraded by LADENBURG THALM/SH SH to "Neutral" Rating

Edison International (NYSE:EIX - Get Free Report) was upgraded by equities research analysts at LADENBURG THALM/SH SH from a "sell" rating to a "neutral" rating in a note issued to investors on Wednesday, Marketbeat reports. The brokerage currently has a $56.50 price objective on the utilities provider's stock. LADENBURG THALM/SH SH's target price points to a potential downside of 7.62% from the stock's current price.

A number of other equities research analysts also recently issued reports on the stock. Jefferies Financial Group started coverage on shares of Edison International in a report on Thursday, November 7th. They issued a "buy" rating and a $93.00 price target on the stock. Royal Bank of Canada upped their target price on shares of Edison International from $94.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday, October 4th. Morgan Stanley cut their price target on shares of Edison International from $74.00 to $72.00 and set an "underweight" rating for the company in a report on Friday, November 22nd. Wells Fargo & Company upped their price target on shares of Edison International from $87.00 to $94.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Finally, Barclays lowered their price objective on Edison International from $84.00 to $76.00 and set an "overweight" rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $83.58.

Edison International Stock Performance

EIX stock traded down $0.14 during midday trading on Wednesday, reaching $61.16. 7,409,410 shares of the company's stock traded hands, compared to its average volume of 7,928,246. The firm has a market capitalization of $23.68 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.34 and a beta of 0.93. The company has a 50-day moving average price of $80.31 and a two-hundred day moving average price of $81.48. Edison International has a 52 week low of $55.27 and a 52 week high of $88.77. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.13. The company had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.01 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The firm's quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.38 earnings per share. As a group, equities analysts anticipate that Edison International will post 4.94 EPS for the current year.

Insider Activity at Edison International

In other Edison International news, VP Adam S. Umanoff sold 25,619 shares of the stock in a transaction that occurred on 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 legal filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Edison International

A number of institutional investors have recently made changes to their positions in the business. Highline Wealth Partners LLC bought a new stake in Edison International in the third quarter worth $26,000. Groupama Asset Managment increased its holdings in shares of Edison International by 0.8% in the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider's stock worth $26,000 after buying an additional 237 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Edison International in the 2nd quarter valued at about $27,000. Eastern Bank bought a new stake in shares of Edison International in the 3rd quarter valued at about $27,000. Finally, Larson Financial Group LLC boosted its holdings in Edison International by 125.0% during the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 195 shares during the period. Hedge funds and other institutional investors own 88.95% of the company's stock.

Edison International Company Profile

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.