Edison International (NYSE:EIX) Given New $58.00 Price Target at Barclays

Edison International (NYSE:EIX) had its target price lifted by Barclays from $53.00 to $58.00 in a research note published on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the utilities provider’s stock.

EIX has been the subject of a number of other research reports. JPMorgan Chase & Co. lowered their price objective on shares of Edison International from $61.00 to $59.00 and set a “neutral” rating for the company in a research report on Monday, October 12th. Weiss Ratings lowered Edison International from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, September 10th. Truist Financial cut their target price on Edison International from $63.00 to $62.00 and set a “hold” rating on the stock in a research report on Monday, October 12th. Bank of America cut Edison International from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $81.00 to $51.00 in a research note on Tuesday, September 1st. Finally, The Goldman Sachs Group set a $67.00 price target on Edison International in a research report on Thursday, October 15th. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $60.73.

Edison International Trading Down 0.8%

NYSE EIX opened at $58.92 on Friday. The firm’s 50-day moving average is $57.77 and its two-hundred day moving average is $67.72. Edison International has a 12 month low of $51.10 and a 12 month high of $81.62. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. The stock has a market capitalization of $22.67 billion, a P/E ratio of 6.26, a PEG ratio of 2.51 and a beta of 0.62.

Edison International (NYSE:EIX) last announced its earnings results on Thursday, October 29th. The utilities provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.11. Edison International had a net margin of 20.50% and a return on equity of 14.27%. The company had revenue of $4.89 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same quarter last year, the firm posted $2.34 earnings per share. Edison International’s revenue was down 15.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Edison International will post 6.13 earnings per share for the current year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Wednesday, October 7th will be given a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Wednesday, October 7th. Edison International’s dividend payout ratio is currently 36.19%.

Insider Activity at Edison International

In other news, Director Peter Taylor sold 500 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $55.56, for a total value of $27,780.00. Following the completion of the transaction, the director owned 33,212 shares of the company’s stock, valued at approximately $1,845,258.72. This trade represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Edison International

A number of hedge funds have recently added to or reduced their stakes in EIX. Ascent Group LLC raised its position in Edison International by 1.2% in the 3rd quarter. Ascent Group LLC now owns 40,344 shares of the utilities provider’s stock valued at $2,168,000 after purchasing an additional 485 shares in the last quarter. Rakuten Investment Management Inc. grew its position in shares of Edison International by 9.7% during the third quarter. Rakuten Investment Management Inc. now owns 69,068 shares of the utilities provider’s stock worth $3,699,000 after buying an additional 6,124 shares in the last quarter. Provenance Wealth Advisors LLC acquired a new position in shares of Edison International during the third quarter worth about $27,000. Putney Financial Group LLC acquired a new position in shares of Edison International during the third quarter worth about $38,000. Finally, Welch Group LLC purchased a new stake in shares of Edison International during the third quarter worth approximately $501,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Edison International

Here are the key news stories impacting Edison International this week:

• Positive Sentiment: Edison reported third-quarter adjusted EPS of $1.92, exceeding consensus estimates of $1.81-$1.83. Management also reaffirmed its 2026 core EPS guidance of $5.90-$6.20 and outlined a $38 billion-$41 billion capital-investment plan. Edison International Q3 Earnings Outpace Estimates, Revenues Miss
• Positive Sentiment: The company maintained its earnings outlook despite regulatory challenges, providing some support for the stock’s longer-term investment case. Edison Reaffirms 2026 Core EPS Guidance
• Neutral Sentiment: Barclays raised its price target from $53 to $58 while retaining an “equal weight” rating, suggesting limited expected upside at recent trading levels. Barclays Edison International Ratings
• Neutral Sentiment: Edison was highlighted among high-yield utility stocks, which may attract income-focused investors, although the article does not introduce a material change to the company’s outlook. High-Yield Utilities Article
• Negative Sentiment: Third-quarter revenue fell 15% year over year to $4.89 billion, missing estimates of $5.34 billion, while EPS declined from $2.34 a year earlier. The revenue miss and weaker earnings growth temper the impact of the EPS beat. Q3 Earnings and Revenue Results
• Negative Sentiment: Management stressed the need for urgent California wildfire-liability reform, warning that rising financing costs could restrict grid investment. Delays in reform and potential wildfire claims remain major risks. EIX Earnings Call Highlights Wildfire Reform
• Negative Sentiment: Wells Fargo lowered its price target from $62 to $59 and maintained an “underweight” rating, reinforcing investor concerns about limited upside and regulatory exposure. Wells Fargo Edison International Ratings

Edison International Company Profile

Edison International (NYSE: EIX) is an electric power holding company based in California. Its principal subsidiary, Southern California Edison (SCE), is one of the largest electric utilities in the United States and delivers electricity across central, coastal and Southern California. SCE serves millions of residential, commercial and industrial customers through an extensive transmission and distribution network.

Edison International’s operations are focused on the generation, transmission and distribution of electricity, as well as supporting the transition to cleaner energy.