Edison International (NYSE:EIX) PT Lowered to $89.00 at Barclays

Edison International (NYSE:EIX) had its price target decreased by stock analysts at Barclays from $91.00 to $89.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s target price would suggest a potential upside of 4.56% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley boosted their price objective on shares of Edison International from $68.00 to $72.00 and gave the stock an “underweight” rating in a report on Wednesday, September 25th. UBS Group upped their price target on Edison International from $86.00 to $89.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. Bank of America assumed coverage on Edison International in a research report on Thursday, September 12th. They issued a “buy” rating and a $95.00 target price for the company. Evercore ISI lifted their price target on shares of Edison International from $82.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada raised 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $86.50.

Edison International Stock Up 0.7 %

Shares of EIX stock traded up $0.58 during mid-day trading on Tuesday, reaching $85.12. 1,232,493 shares of the company’s stock traded hands, compared to its average volume of 1,991,759. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 2.04. The company’s 50-day moving average price is $85.02 and its 200-day moving average price is $77.42. The company has a market cap of $32.87 billion, a P/E ratio of 34.23, a P/E/G ratio of 1.92 and a beta of 0.91. Edison International has a 12 month low of $61.64 and a 12 month high of $88.77.

Edison International (NYSE:EIX) last announced its earnings results on Thursday, July 25th. The utilities provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The business had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.12 billion. Edison International had a net margin of 6.60% and a return on equity of 13.01%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 earnings per share. On average, equities analysts expect that Edison International will post 4.97 earnings per share for the current fiscal year.

Insider Buying and Selling at Edison International

In related news, CEO J Andrew Murphy sold 23,896 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $85.45, for a total transaction of $2,041,913.20. Following the completion of the transaction, the chief executive officer now directly owns 19,850 shares in the company, valued at $1,696,182.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Edison International news, VP Natalie K. Schilling sold 2,341 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $80.00, for a total value of $187,280.00. Following the completion of the transaction, the vice president now owns 6,338 shares in the company, valued at $507,040. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO J Andrew Murphy sold 23,896 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $85.45, for a total value of $2,041,913.20. Following the completion of the sale, the chief executive officer now directly owns 19,850 shares of the company’s stock, valued at approximately $1,696,182.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,099 shares of company stock valued at $7,223,342 over the last 90 days. 1.03% of the stock is owned by insiders.

Institutional Trading of Edison International

A number of large investors have recently bought and sold shares of EIX. HighPoint Advisor Group LLC purchased a new position in Edison International in the fourth quarter worth $597,000. Nomura Holdings Inc. acquired a new stake in shares of Edison International during the 4th quarter worth $552,000. CWM LLC grew its holdings in shares of Edison International by 34.5% during the 1st quarter. CWM LLC now owns 9,820 shares of the utilities provider’s stock worth $695,000 after purchasing an additional 2,518 shares during the period. GAMMA Investing LLC increased its position in shares of Edison International by 43.9% in the first quarter. GAMMA Investing LLC now owns 1,026 shares of the utilities provider’s stock worth $73,000 after acquiring an additional 313 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in Edison International in the first quarter valued at about $52,000. Institutional investors and hedge funds 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.