JPMorgan Chase & Co. Has Lowered Expectations for Edison International (NYSE:EIX) Stock Price

Edison International (NYSE:EIX) had its price objective reduced by investment analysts at JPMorgan Chase & Co. from $61.00 to $59.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 6.15% from the company’s current price.

A number of other research analysts have also commented on the company. Morgan Stanley decreased their price objective on Edison International from $65.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, September 18th. Weiss Ratings downgraded Edison International from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, September 10th. Barclays dropped their target price on Edison International from $75.00 to $53.00 and set an “equal weight” rating for the company in a report on Friday. Argus reissued a “hold” rating on shares of Edison International in a research report on Wednesday, August 26th. Finally, Mizuho restated a “neutral” rating and issued a $70.00 price target (down from $86.00) on shares of Edison International in a research note on Monday, August 31st. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Edison International currently has an average rating of “Reduce” and a consensus price target of $60.18.

Edison International Stock Performance

Shares of EIX stock traded up $0.28 during midday trading on Monday, hitting $55.58. 1,049,818 shares of the company were exchanged, compared to its average volume of 3,612,462. Edison International has a 52 week low of $51.10 and a 52 week high of $81.62. The firm has a market capitalization of $21.39 billion, a P/E ratio of 5.73, a PEG ratio of 2.23 and a beta of 0.62. The firm’s 50 day moving average price is $61.56 and its two-hundred day moving average price is $68.84. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66.

Edison International (NYSE:EIX) last announced its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. The company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities research analysts anticipate that Edison International will post 6.13 earnings per share for the current year.

Institutional Trading of Edison International

Large investors have recently modified their holdings of the stock. Edmond DE Rothschild Holding S.A. acquired a new position in Edison International in the second quarter valued at about $26,000. Groupe la Francaise acquired a new stake in Edison International during the first quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Edison International during the second quarter worth about $30,000. Bell Investment Advisors Inc bought a new position in Edison International in the 2nd quarter valued at about $31,000. Finally, Silvant Capital Management LLC bought a new position in Edison International in the 2nd quarter valued at about $41,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Company Profile

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International’s history is rooted in Southern California Edison, which traces its origins to the late 19th century.