Edison International
About: Edison International is the parent company of Southern California Edison, an electric utility that distributes electricity to 5 million customers in a 50,000-square-mile area of Southern California, excluding Los Angeles. Edison Energy owns interests in nonutility businesses that deal in energy-related products and services. In 2014, Edison International sold its wholesale power generation subsidiary Edison Mission Energy out of bankruptcy to NRG Energy.
Employees: 14,375
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
82% more first-time investments, than exits
New positions opened: 133 | Existing positions closed: 73
18% more repeat investments, than reductions
Existing positions increased: 313 | Existing positions reduced: 265
18% more capital invested
Capital invested by funds: $25B [Q2] → $29.4B (+$4.37B) [Q3]
8% more funds holding
Funds holding: 790 [Q2] → 850 (+60) [Q3]
3.04% less ownership
Funds ownership: 90.49% [Q2] → 87.45% (-3.04%) [Q3]
13% less funds holding in top 10
Funds holding in top 10: 8 [Q2] → 7 (-1) [Q3]
28% less call options, than puts
Call options by funds: $77.1M | Put options by funds: $107M
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$72
9%
downside
Avg. target
$87
10%
upside
High target
$100
26%
upside
7 analyst ratings
3 positive
43%
2 neutral
29%
2 negative
29%
UBS Daniel Ford 50% 1-year accuracy 2 / 4 met price target | 9%upside $87 | Neutral Maintained | 19 Dec 2024 |
Morgan Stanley David Arcaro 61% 1-year accuracy 23 / 38 met price target | 9%downside $72 | Underweight Maintained | 22 Nov 2024 |
Jefferies Julien Dumoulin-Smith 54% 1-year accuracy 73 / 135 met price target | 17%upside $93 | Buy Initiated | 7 Nov 2024 |
Ladenburg Thalmann Paul Fremont 53% 1-year accuracy 9 / 17 met price target | 8%downside $74 | Sell Upgraded | 1 Nov 2024 |
Wells Fargo Neil Kalton 60% 1-year accuracy 28 / 47 met price target | 18%upside $94 | Overweight Maintained | 30 Oct 2024 |
Financial journalist opinion
Neutral
Business Wire
1 week ago
Edison International Raises Common Stock Dividend 6.1%; 21st Consecutive Annual Increase
ROSEMEAD, Calif.--(BUSINESS WIRE)--Edison International (NYSE: EIX) today declared a quarterly common stock dividend of $0.8275 per share, payable on Jan. 31, 2025, to shareholders of record on Jan. 7, 2025. This action increases the annual dividend rate by $0.19 per share for the quarter ending Jan. 31, 2025. The 2025 annual dividend rate will be $3.31 per share, an increase of 6.1% from the current annual dividend rate of $3.12 per share. “The dividend increase reflects the confidence of our.
Neutral
Seeking Alpha
1 month ago
Edison International: Not The Best Value In The Utility Space
I'm a heavy investor in the Utility space, with utilities across both NA and Europe in my current valuation-oriented portfolio. Edison International is a company where I have received coverage and analysis requests, which I am happy to handle. I believe the company to be a qualitative business. However, Edison International is also overvalued, which is why I do not consider it to be a good “Buy” at this time.
Positive
Zacks Investment Research
1 month ago
Edison International Q3 Earnings Beat Estimates, Revenues Rise Y/Y
EIX's third-quarter earnings top estimates, while revenues increase year over year by 3.7%. The company narrows its 2024 EPS outlook.
Neutral
Seeking Alpha
1 month ago
Edison International (EIX) Q3 2024 Earnings Conference Call Transcript
Start Time: 16:30 January 1, 0000 5:28 PM ET Edison International (NYSE:EIX ) Q3 2024 Earnings Conference Call October 29, 2024, 16:30 AM ET Company Participants Pedro Pizarro - President and CEO Maria Rigatti - EVP and CFO Steve Powell - President and CEO, Southern California Edison Sam Ramraj - VP, IR Conference Call Participants Michael Lonegan - Evercore ISI Shar Pourreza - Guggenheim Partners Anthony Crowdell - Mizuho Steven Fleishman - Wolfe Research Ryan Levine - Citi Gregg Orrill - UBS Nicholas Campanella - Barclays Rich Sunderland - JPMorgan David Arcaro - Morgan Stanley Angie Storozynski - Seaport Operator Good afternoon, and welcome to the Edison International Third Quarter 2024 Financial Teleconference. My name is Sheila, and I will be your operator today.
Positive
Zacks Investment Research
1 month ago
Edison International (EIX) Tops Q3 Earnings and Revenue Estimates
Edison International (EIX) came out with quarterly earnings of $1.51 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.38 per share a year ago.
Neutral
Business Wire
1 month ago
Southern California Edison Announces Redemption of SCE Trust III 5.75% Fixed to Floating Rate Trust Preference Securities
ROSEMEAD, Calif.--(BUSINESS WIRE)--Southern California Edison announced today that it will redeem all the outstanding shares of its Series H Preference Stock, which will cause SCE Trust III to redeem all of its outstanding 5.75% Fixed to Floating Rate Trust Preference Securities (“Trust Preference Securities”). The redemption date will be Nov. 28, 2024, and the redemption price will be $25.00 per Trust Preference Security, plus accrued and unpaid dividends up to, but excluding the redemption da.
Neutral
Business Wire
1 month ago
Edison International Reports Third-Quarter 2024 Results
ROSEMEAD, Calif.--(BUSINESS WIRE)--Edison International (NYSE: EIX) today reported third-quarter net income of $516 million, or $1.33 per share, compared to net income of $155 million, or $0.40 per share, in the third quarter of last year. As adjusted, third-quarter core earnings were $582 million, or $1.51 per share, compared to core earnings of $531 million, or $1.38 per share, in the third quarter of last year. Southern California Edison's third-quarter 2024 core earnings per share (EPS) inc.
Positive
Seeking Alpha
1 month ago
Dividend Aristocrats Of The Future - Part 2
This is the second group of 10 companies who are aiming to reach dividend aristocrat status in the near future. The majority of these companies are from the utilities sector with two defense contractors also included. A few of the companies have 10-year dividend growth rates above 10%.
Positive
Zacks Investment Research
1 month ago
Will Edison International (EIX) Beat Estimates Again in Its Next Earnings Report?
Edison International (EIX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Positive
Zacks Investment Research
2 months ago
Here's Why Edison International (EIX) is a Strong Momentum Stock
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