Edison International (EIX) Downgraded to ‘Sell’
Insider Monkey – Free Hedge Fund and Insider Trading Data (Sultan Khalid)Edison International (NYSE:EIX) is included among the 11 Best Utility Stocks to Buy for Dividends in 2026.
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Edison International (NYSE:EIX) is one of the largest electric utility holding companies in America, focused on providing clean and reliable energy and energy services through its independent companies.
Edison International (NYSE:EIX) had a setback on March 5 when Ladenburg analyst Paul Fremont downgraded the stock from ‘Neutral’ to ‘Sell’, while also cutting its price target from $59.50 to $63. The revised target indicates a downside of around 17% from the current share price.
The downgrade is driven by the ‘anticipated true up’ of Southern California Edison’s earned returns versus authorized returns as part of the utility’s upcoming 2029 general rate case filing. The analyst cited 2024’s California Assembly Bill 2666, which requires the California Public Utilities Commission to adjust the authorized revenue requirement in subsequent rate cases based on actual past costs. According to Landenburg’s current estimates, Southern California Edison is expected to post consistent over-earnings.
Edison International (NYSE:EIX) posted core earnings per share of $6.55 in FY 2025. The company is now expecting a core EPS in the range of $5.90 to $6.20 for FY 2026, which it then expects to improve to $6.25 to $6.65 in FY 2027.
Edison International (NYSE:EIX) was also recently included in our list of the 11 Most Undervalued Utility Stocks to Buy Now.
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