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

Edison International (NYSE:EIX - Get Free Report) was upgraded by equities researchers at LADENBURG THALM/SH SH from a "sell" rating to a "neutral" rating in a report issued on Wednesday, MarketBeat.com reports. The brokerage presently has a $56.50 price target on the utilities provider's stock. LADENBURG THALM/SH SH's price target would indicate a potential downside of 7.85% from the company's previous close.

EIX has been the topic of several other reports. Morgan Stanley reduced their price target on Edison International from $74.00 to $72.00 and set an "underweight" rating on the stock in a research report on Friday, November 22nd. Jefferies Financial Group assumed coverage on shares of Edison International in a research report on Thursday, November 7th. They set a "buy" rating and a $93.00 target price on the stock. Wells Fargo & Company lifted their target price on Edison International from $87.00 to $94.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. UBS Group reduced their price target on Edison International from $96.00 to $87.00 and set a "neutral" rating for the company in a report on Thursday, December 19th. Finally, Royal Bank of Canada upped their target price on Edison International from $94.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $84.96.

Edison International Trading Up 4.9 %

EIX stock traded up $2.88 during midday trading on Wednesday, reaching $61.31. 10,966,807 shares of the company's stock traded hands, compared to its average volume of 7,985,163. Edison International has a fifty-two week low of $55.27 and a fifty-two week high of $88.77. The business has a 50-day moving average price of $80.71 and a two-hundred day moving average price of $81.62. The company has a market capitalization of $23.74 billion, a P/E ratio of 17.98, a PEG ratio of 1.96 and a beta of 0.93. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81.

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, topping analysts' consensus estimates of $1.38 by $0.13. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The firm had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.01 billion. During the same period in the prior year, the company earned $1.38 EPS. The firm's revenue was up 10.6% on a year-over-year basis. Equities research analysts forecast that Edison International will post 4.94 EPS for the current fiscal year.

Insider Buying and Selling

In other Edison International news, VP Adam S. Umanoff sold 25,619 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $83.05, for a total value of $2,127,657.95. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On Edison International

Several institutional investors have recently modified their holdings of EIX. State Street Corp increased its stake in shares of Edison International by 0.7% in the third quarter. State Street Corp now owns 32,549,936 shares of the utilities provider's stock valued at $2,834,774,000 after purchasing an additional 224,337 shares during the period. FMR LLC raised its stake 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 in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Edison International by 2.2% in the third quarter. Geode Capital Management LLC now owns 9,620,520 shares of the utilities provider's stock valued at $835,142,000 after buying an additional 210,461 shares during the period. Clearbridge Investments LLC boosted its stake in Edison International by 0.5% during the second quarter. Clearbridge Investments LLC now owns 5,015,988 shares of the utilities provider's stock valued at $360,198,000 after buying an additional 24,834 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Edison International by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,340,116 shares of the utilities provider's stock worth $203,801,000 after acquiring an additional 28,240 shares during the period. Institutional investors own 88.95% of the company's stock.

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.