Key Research Analysts at Morgan Stanley Reiterate their ‘Equal-Weight’ rating for Edison Intl (NYSE:EIX) Shares Today. Their Target is Set to $82

December 14, 2017 - By Winifred Garcia

 Key Research Analysts at Morgan Stanley Reiterate their ‘Equal Weight’ rating for Edison Intl (NYSE:EIX) Shares Today. Their Target is Set to $82

Investors sentiment increased to 1.21 in 2017 Q2. Its up 0.29, from 0.92 in 2017Q1. It improved, as 28 investors sold Edison International shares while 177 reduced holdings. 69 funds opened positions while 179 raised stakes. 263.50 million shares or 0.35% more from 262.59 million shares in 2017Q1 were reported.

California-based Checchi Cap Advisers Lc has invested 0.04% in Edison International (NYSE:EIX). Fmr Lc accumulated 0.06% or 5.68M shares. Salem Invest Counselors, North Carolina-based fund reported 1,200 shares. Rainier Mgmt Ltd Liability Co reported 0.17% stake. Exxonmobil Invest Management Tx stated it has 62,555 shares or 0.12% of all its holdings. Mai Capital Mgmt has 5,598 shares. Douglass Winthrop Advsrs Ltd holds 7,000 shares or 0.03% of its portfolio. Plante Moran Financial Lc reported 0% of its portfolio in Edison International (NYSE:EIX). 2,777 were reported by Zeke Cap Advsrs Lc. L S Advsrs reported 3,990 shares. Btim has invested 0.07% in Edison International (NYSE:EIX). Alpha Windward Ltd invested in 382 shares or 0.02% of the stock. Kcm Advisors reported 141,865 shares stake. 485,000 were reported by Crow Point Prns Ltd Com. Moreover, First Allied Advisory has 0.01% invested in Edison International (NYSE:EIX).

Since August 15, 2017, it had 0 insider purchases, and 1 insider sale for $18.10 million activity.

Edison Intl (NYSE:EIX) Rating Reaffirmed

In analysts report made public this morning, Morgan Stanley kept their Equal-Weight rating on Edison Intl (NYSE:EIX) shares. The price target would suggest a possible upside of 17.48 % from firm’s last stock close price.

Investors sentiment increased to 1.21 in 2017 Q2. Its up 0.29, from 0.92 in 2017Q1. It improved, as 28 investors sold Edison International shares while 177 reduced holdings. 69 funds opened positions while 179 raised stakes. 263.50 million shares or 0.35% more from 262.59 million shares in 2017Q1 were reported.

California-based Checchi Cap Advisers Lc has invested 0.04% in Edison International (NYSE:EIX). Fmr Lc accumulated 0.06% or 5.68M shares. Salem Invest Counselors, North Carolina-based fund reported 1,200 shares. Rainier Mgmt Ltd Liability Co reported 0.17% stake. Exxonmobil Invest Management Tx stated it has 62,555 shares or 0.12% of all its holdings. Mai Capital Mgmt has 5,598 shares. Douglass Winthrop Advsrs Ltd holds 7,000 shares or 0.03% of its portfolio. Plante Moran Financial Lc reported 0% of its portfolio in Edison International (NYSE:EIX). 2,777 were reported by Zeke Cap Advsrs Lc. L S Advsrs reported 3,990 shares. Btim has invested 0.07% in Edison International (NYSE:EIX). Alpha Windward Ltd invested in 382 shares or 0.02% of the stock. Kcm Advisors reported 141,865 shares stake. 485,000 were reported by Crow Point Prns Ltd Com. Moreover, First Allied Advisory has 0.01% invested in Edison International (NYSE:EIX).

Since August 15, 2017, it had 0 insider purchases, and 1 insider sale for $18.10 million activity.

Edison International (NYSE:EIX) Ratings Coverage

Among 17 analysts covering Edison (NYSE:EIX), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. Edison has $92 highest and $62 lowest target. $79.57’s average target is 14.00% above currents $69.8 stock price. Edison had 51 analyst reports since August 3, 2015 according to SRatingsIntel. SunTrust maintained the stock with “Buy” rating in Monday, October 19 report. The rating was maintained by Morgan Stanley on Wednesday, December 13 with “Equal-Weight”. Barclays Capital maintained it with “Equal-Weight” rating and $63 target in Friday, January 22 report. Jefferies maintained Edison International (NYSE:EIX) rating on Tuesday, September 19. Jefferies has “Buy” rating and $90.0 target. The firm has “Buy” rating given on Thursday, August 27 by Evercore. The stock of Edison International (NYSE:EIX) has “Equal-Weight” rating given on Wednesday, October 28 by Barclays Capital. The stock of Edison International (NYSE:EIX) has “Hold” rating given on Wednesday, October 28 by Evercore. The rating was maintained by Citigroup with “Neutral” on Tuesday, October 17. The stock of Edison International (NYSE:EIX) earned “Buy” rating by SunTrust on Friday, September 29. The stock of Edison International (NYSE:EIX) has “Buy” rating given on Thursday, January 19 by Evercore.

The stock increased 1.78% or $1.22 during the last trading session, reaching $69.8. About 4.62 million shares traded or 89.82% up from the average. Edison International (NYSE:EIX) has risen 12.39% since December 14, 2016 and is uptrending. It has underperformed by 4.31% the S&P500.

Analysts await Edison International (NYSE:EIX) to report earnings on February, 20. They expect $0.94 earnings per share, down 6.93 % or $0.07 from last year’s $1.01 per share. EIX’s profit will be $306.27M for 18.56 P/E if the $0.94 EPS becomes a reality. After $1.43 actual earnings per share reported by Edison International for the previous quarter, Wall Street now forecasts -34.27 % negative EPS growth.

Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. The company has market cap of $22.74 billion. The firm generates electricity through hydroelectric, diesel, natural gas, nuclear, and photovoltaic sources. It has a 15.94 P/E ratio. It supplies electricity primarily to commercial, residential, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.

More notable recent Edison International (NYSE:EIX) news were published by: Fool.com which released: “Why Edison International’s Shares Plunged 13% Today” on December 05, 2017, also Seekingalpha.com with their article: “Southern California Edison: Playing With Fire” published on December 06, 2017, Latimes.com published: “Edison’s stock price drop pegged to Southland wildfires” on December 08, 2017. More interesting news about Edison International (NYSE:EIX) were released by: Businesswire.com and their article: “Edison International Raises Common Stock Dividend 11.5 Percent; 14” published on December 07, 2017 as well as Zacks.com‘s news article titled: “Edison International Declares 12% Hike in Quarterly Dividend” with publication date: December 11, 2017.

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