UBS Group has upgraded Edison International (NYSE:EIX).

According to a report that was published on Tuesday by The Fly, investment analysts at the UBS Group changed their recommendation for Edison International (NYSE: EIX) from “neutral” to “buy” in a research report that was released on Tuesday. The report was about the company’s stock.
In addition, research on EIX has recently been made public by several additional authorities in the field. gave Edison International a “sell” recommendation on December 23. Previously, the company had been given a “hold” rating by the same publication. The price objective that Guggenheim had set for Edison International was lowered from $82.00 to $66.00 in a research report that was published on October 24 by Guggenheim. Credit Suisse Group lowered its price target for Edison International in a research note published on Friday, October 14. The note was distributed to investors. The previous price target of $64.00 has been lowered to a new price target of $59.00, indicating an overall downward trend in the price target. On Monday, November 7, Mizuho released a research report that lowered their price objective for Edison International from $71.00 to $58.00 and rated the company’s overall performance as “neutral.” Finally, Wells Fargo & Company raised their price objective on Edison International from $69.00 to $78.00 in a research report made public on Wednesday, December 14. The agenda was complete, and this was the final and most important item. There have been a total of three “sell” ratings given to the company’s shares, four “hold” ratings, and three “buy” ratings given by equity research experts. According to, the current average rating for the stock is “Hold,” and the general price goal is $68.73.
On Tuesday, trading began on the NYSE EIX for $63.62 per share. The debt-to-equity ratio is 1.64, the current ratio is 0.60, and the quick ratio is 0.55. All of these numbers are relative to one another. These numbers can all be understood by one another. The company has a price-to-earnings ratio of 33.66, the stock has a price-to-growth ratio of 5.41, and the stock has a beta value of 0.75. The market capitalization of the company is $24.30 billion. The stock’s price has been trading at $62.82 on its simple moving average over the past fifty days and at $63.66 on its plain moving average over the last two hundred trading days. The 12-month low for Edison International was $54.45, and the company reached a high of $73.32 during that period.
On November 1, Edison International disclosed its most recent earnings report. The company’s stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol EIX. The utility company’s announcement of earnings per share (EPS) for the quarter of $1.48 was consistent with the consensus forecast for that metric, which was also $1.48. Sales for the company came in at $5.23 billion at the end of the quarter, which was significantly higher than the $4.99 billion that analysts anticipated it would bring in. Edison International had a return on equity of 11.66% and a net margin of 4.91%. Both of these figures are percentages. The majority opinion of members of the finance community is that Edison International will successfully generate profits of $4.57 per share during the current fiscal year.
The number of hedge funds and other types of institutional investors has either increased or decreased the percentage of their holdings invested in the company over the past few months. During the second quarter, Massmutual Trust Co. FSB ADV made a 12.4% purchase of additional Edison International stock, bringing its total holdings of the company’s shares to a total of 58.4%. After making an additional purchase of 165 shares during the most recent quarter, Massmutual Trust Co. FSB ADV now has 1,501 shares with a market cap of $95,000. This brings the company’s total holdings to 1,501, an increase of 165 shares from the previous quarter. During the second quarter, MUFG Americas Holdings Corp. increased the amount of Edison International stock it owns by one percentage point, bringing its total ownership to one hundred and one percent. MUFG Americas Holdings Corp. now owns 17,733 shares of the utilities provider’s stock after making an additional purchase of 170 shares during the preceding quarter. Each share of the company’s stock has a current value of $112 due to recent market activity. During the third quarter, Lido Advisors LLC achieved a 5.0% increase in the proportion of its owned Edison International stock. Following the acquisition of 178 additional shares during the most recent quarter, Lido Advisors LLC now possesses 3,738 shares of the utility service provider’s stock. These shares are now worth $211,000 on the market, an increase from their previous value of $3,680. During the third quarter, Marcum Wealth LLC made a 2.9% purchase of additional shares of Edison International stock, bringing the total number of shares owned by the company to 59.1%. Following the acquisition of an additional 185 shares during the most recent fiscal quarter, Marcum Wealth LLC now owns a total of 6,673 stock held by the utility provider. This results in a value for the company of $378,000 compared to the current price on the market. The last but certainly not least bit of information is that Allworth Financial LP increased its holdings in Edison International by 1.5% during the third quarter. This is not the least bit of information, however. Allworth Financial LP now holds 12,614 shares of the utility provider’s stock, which has a market value of $714,000, following the acquisition of 185 additional shares during the preceding quarter. To the tune of 87.19 percent, the company’s stock is owned by institutional investors and hedge funds.
Edison International is engaged in the power generation and distribution industries through its many subsidiary companies. It provides service to 15 million customers in southern, central, and coastal California, including residential, commercial, industrial, public sector, agricultural, and other types of consumers. Users who are affiliated with the public sector are an additional category. In addition, the company can meet the energy requirements of its customers in the commercial and industrial sectors by providing appropriate solutions.


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