Edison International (NYSE:EIX) Receives “Neutral” Rating from JPMorgan Chase & Co.

Edison International (NYSE:EIX)‘s stock had its “neutral” rating reaffirmed by JPMorgan Chase & Co. in a research report issued on Wednesday,Benzinga reports. They currently have a $72.00 price objective on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 41.35% from the company’s previous close.

EIX has been the subject of several other reports. Barclays dropped their price objective on Edison International from $76.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Morgan Stanley decreased their price objective on shares of Edison International from $74.00 to $72.00 and set an “underweight” rating on the stock in a research report on Friday, November 22nd. LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price for the company in a report on Wednesday, January 15th. Jefferies Financial Group assumed coverage on shares of Edison International in a research report on Thursday, November 7th. They issued a “buy” rating and a $93.00 price target on the stock. Finally, Wells Fargo & Company raised their price target on Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $82.11.

Edison International Stock Performance

NYSE:EIX traded up $0.13 during midday trading on Wednesday, reaching $50.94. The stock had a trading volume of 368,158 shares, compared to its average volume of 6,638,540. The stock has a market cap of $19.72 billion, a P/E ratio of 14.94, a P/E/G ratio of 1.05 and a beta of 0.90. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. The firm has a fifty day simple moving average of $69.11 and a two-hundred day simple moving average of $79.10.

Institutional Trading of Edison International

A number of institutional investors have recently modified their holdings of EIX. New Age Alpha Advisors LLC raised its position in Edison International by 15,998.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 29,138 shares of the utilities provider’s stock valued at $2,326,000 after purchasing an additional 28,957 shares during the period. Norges Bank acquired a new stake in shares of Edison International during the fourth quarter valued at about $323,443,000. NEOS Investment Management LLC lifted its stake in shares of Edison International by 30.4% in the fourth quarter. NEOS Investment Management LLC now owns 21,311 shares of the utilities provider’s stock worth $1,701,000 after acquiring an additional 4,974 shares in the last quarter. UniSuper Management Pty Ltd increased its holdings in Edison International by 26.8% during the 4th quarter. UniSuper Management Pty Ltd now owns 37,242 shares of the utilities provider’s stock worth $2,973,000 after purchasing an additional 7,866 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co boosted its stake in shares of Edison International by 25.5% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 42,617 shares of the utilities provider’s stock valued at $3,403,000 after buying an additional 8,654 shares during the last quarter. Hedge funds and other institutional investors 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.