Edison International (NYSE:EIX) had its price objective boosted by Wells Fargo & Co from $76.00 to $80.00 in a report released on Monday, Stock Target Advisor reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. Wells Fargo & Co’s price objective suggests a potential upside of 16.91% from the stock’s current price.

A number of other equities analysts have also issued reports on EIX. Zacks Investment Research raised Edison International from a “sell” rating to a “hold” rating in a research note on Thursday, May 31st. JPMorgan Chase & Co. increased their price target on Edison International from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, June 1st. ValuEngine lowered Edison International from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 2nd. Morgan Stanley decreased their price target on Edison International from $70.00 to $67.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 13th. Finally, TheStreet raised Edison International from a “c” rating to a “b-” rating in a research note on Thursday, July 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $73.71.

EIX opened at $68.43 on Monday. Edison International has a 12 month low of $57.63 and a 12 month high of $83.38. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.61 and a current ratio of 0.66. The company has a market capitalization of $22.26 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 2.86 and a beta of 0.09.

Edison International (NYSE:EIX) last posted its earnings results on Thursday, July 26th. The utilities provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.83 by $0.01. Edison International had a return on equity of 10.27% and a net margin of 4.34%. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same period last year, the firm earned $0.85 EPS. The firm’s revenue was down 5.1% compared to the same quarter last year. research analysts expect that Edison International will post 4.08 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC acquired a new stake in shares of Edison International in the first quarter worth $102,000. Kiley Juergens Wealth Management LLC purchased a new stake in shares of Edison International during the second quarter worth $110,000. Adviser Investments LLC purchased a new stake in shares of Edison International during the first quarter worth $152,000. Summit Trail Advisors LLC raised its holdings in shares of Edison International by 15,304.3% during the first quarter. Summit Trail Advisors LLC now owns 176,687 shares of the utilities provider’s stock worth $177,000 after acquiring an additional 175,540 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Edison International by 416.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,045 shares of the utilities provider’s stock worth $177,000 after acquiring an additional 2,455 shares in the last quarter. 81.80% of the stock is owned by institutional investors and hedge funds.

About Edison International

Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.

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