Edison International’s (EIX) Neutral Rating Reaffirmed at JPMorgan Chase & Co.

Edison International (NYSE:EIX)‘s stock had its “neutral” rating reiterated by JPMorgan Chase & Co. in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $72.00 price target on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 41.35% from the stock’s current price.

Several other brokerages have also weighed in on EIX. UBS Group cut their price objective on Edison International from $87.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Wells Fargo & Company raised their target price 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. LADENBURG THALM/SH SH raised Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target on the stock in a report on Wednesday, January 15th. Guggenheim cut Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Finally, Jefferies Financial Group began coverage on Edison International in a research report on Thursday, November 7th. They issued a “buy” rating and a $93.00 price target for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Edison International presently has a consensus rating of “Hold” and an average price target of $82.11.

Edison International Price Performance

Shares of NYSE:EIX traded up $0.13 during trading on Wednesday, reaching $50.94. The company had a trading volume of 368,158 shares, compared to its average volume of 6,638,540. Edison International has a twelve month low of $49.06 and a twelve month high of $88.77. The firm has a market capitalization of $19.72 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.05 and a beta of 0.90. The firm’s fifty day moving average is $69.11 and its 200 day moving average is $79.10. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88.

Institutional Trading of Edison International

Several institutional investors have recently modified their holdings of the company. Lake Street Advisors Group LLC boosted its stake in Edison International by 4.3% in the 3rd quarter. Lake Street Advisors Group LLC now owns 3,015 shares of the utilities provider’s stock valued at $263,000 after buying an additional 124 shares in the last quarter. Baker Tilly Wealth Management LLC grew its stake in Edison International by 2.8% during the third quarter. Baker Tilly Wealth Management LLC now owns 4,779 shares of the utilities provider’s stock worth $416,000 after buying an additional 129 shares during the last quarter. SFE Investment Counsel increased its holdings in shares of Edison International by 0.3% during the third quarter. SFE Investment Counsel now owns 42,730 shares of the utilities provider’s stock worth $3,721,000 after buying an additional 130 shares in the last quarter. Assetmark Inc. raised its position in Edison International by 32.9% in the 3rd quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 157 shares during the last quarter. Finally, Centennial Wealth Advisory LLC increased its position in Edison International by 3.3% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 5,378 shares of the utilities provider’s stock valued at $468,000 after acquiring an additional 172 shares in the last quarter. 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.