Edison International, through its subsidiaries, generates and distributes electric power. As of March 03, 2021, it delivered electricity to 15 million residential, commercial, industrial, public authorities, agricultural, and other customers across Southern, Central, and Coastal California. Edison International also provides energy solutions to commercial and industrial users. Its transmission facilities consist of lines ranging from 55 kV to 500 kV and substations; and distribution system consists of approximately 39,000 circuit-miles of overhead lines, approximately 31,000 circuit-miles of underground lines, and 800 substations. The company was founded in 1886 and is headquartered in Rosemead, California.
IPO Year:
Exchange: NYSE
Website: edison.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
4/10/2024 | $78.00 | Neutral | Goldman |
1/22/2024 | $84.00 | Neutral → Buy | Guggenheim |
10/23/2023 | $74.00 → $68.00 | In-line → Outperform | Evercore ISI |
8/23/2023 | $68.00 | Equal Weight | Barclays |
8/22/2023 | $73.00 → $75.00 | Neutral → Buy | Mizuho |
8/15/2023 | Sell → Neutral | Ladenburg Thalmann | |
7/7/2023 | Buy → Neutral | Guggenheim | |
4/3/2023 | $66.00 | Sell | Ladenburg Thalmann |
2/1/2023 | $76.00 → $73.00 | Overweight → Equal Weight | Wells Fargo |
1/3/2023 | $69.00 → $75.00 | Neutral → Buy | UBS |
Chairman of the Board Chris Hayes Appointed as President & CEO Dr. Audrey Lee joins the Board of Directors Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today announced that Chris Hayes, Spruce's Chairman of the Board, will succeed Christian Fong as President and Chief Executive Officer, effective April 12, 2024. Additionally, Dr. Audrey Lee has joined the Board of Directors. "The Board is confident that Chris is the right leader to take Spruce to the next stage of its evolution and develop avenues of growth. Chris brings a wealth of experience to his role as CEO, incl
Applications for scholarships up to $25,000 are now being accepted for the 2024 Edison International Lineworker Scholarship Program. Funded by Edison International shareholders and IBEW Local 47, this scholarship is focused on growing Black, Asian Pacific Islander, Native American and female representation in Southern California Edison's skilled workforce. "Lineworkers are among the front lines of our workforce that is safely delivering reliable power to the 15 million residents in Southern California Edison's service area and making the clean energy transition possible," said Heather Rivard, SCE's senior vice president of Transmission and Distribution. "The Lineworker Scholarship Program
Taylor Currently on the Board and Will Succeed William P. Sullivan upon his Retirement in April Edison International (NYSE:EIX) today announced that Peter Taylor will serve as the company's next independent, non-executive chair of its board of directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211209006083/en/William Sullivan, board member, Edison International (photo: Edison International) Taylor, who first joined the board in 2011, will succeed William P. Sullivan, who has served since 2015 and as independent board chair since 2016. Sullivan will retire from the board in April 2022 after reaching the retirement age set
The board of directors of Edison International (NYSE:EIX) today declared a quarterly common stock dividend of $0.78 per share, payable on July 31, 2024, to shareholders of record on July 8, 2024. About Edison International Edison International (NYSE:EIX) is one of the nation's largest electric utility holding companies, focused on providing clean and reliable energy and energy services through its independent companies. Headquartered in Rosemead, California, Edison International is the parent company of Southern California Edison Company, a utility delivering electricity to 15 million people across Southern, Central and Coastal California. Edison International is also the parent company
Edison International (NYSE:EIX): WHAT: Second Quarter 2024 Financial Results WHEN: 1:30-2:30 p.m. (PDT) NUMBERS: 1-888-673-9780 — for callers in the U.S. 1-312-470-0178 — for international callers PASSCODE: Edison WEBCAST: www.edisoninvestor.com REPLAY: In addition to the live conference call and webcast, a telephone replay will be available through Aug. 7 at 6 p.m. (PDT) at the following numbers: 1-866-405-7293 — for callers in the U.S. 1-203-369-0605 — for international callers Passcode: 8852 View source version on businesswire.com: https://www.
Southern California Edison announced today that it will redeem all of the outstanding shares of its Series E Preference Stock. The redemption date will be June 6, 2024, and the redemption price will be $1,000 per share of Series E Preference Stock, plus accrued and unpaid dividends up to, but excluding, the redemption date. The amount of accrued and unpaid distributions to, but excluding, June 6, 2024, will be $9.7874 per share of Series E Preference Stock. SCE will redeem the Series E Preference Stock using the proceeds of an offering of a new series of preference securities. All shares of the Series E Preference Stock are held through The Depository Trust Company (DTC), and the shares w
First-quarter 2024 GAAP loss per share of $0.03; Core EPS of $1.13 Strong regulatory progress: Received CEMA proposed decision; Submitted GRC rebuttal testimony Revised best estimate of expected losses for 2017/2018 Wildfire/Mudslide Events, resulting in net after-tax charge of $333 million; Woolsey application on track for Q3 Affirms 2024 core EPS guidance of $4.75-$5.05 Reiterates long-term core EPS growth rate targets of 5%-7% for 2021-2025 and 5%-7% for 2025-2028 Edison International (NYSE:EIX) today reported a first-quarter net loss of $11 million, or $0.03 per share, compared to net income of $310 million, or $0.81 per share, in the first quarter of last year. As adjus
The board of directors of Southern California Edison today declared the following dividends: A quarterly dividend on the Series G preference stock, which would result in a distribution of $0.31875 per security on SCE Trust II's 5.10% Trust Preference Securities. A quarterly dividend on the Series H preference stock, which would result in a distribution of $0.548223 per security on SCE Trust III's 5.75% Trust Preference Securities. A quarterly dividend on the Series J preference stock, which would result in a distribution of $0.3359375 per security on SCE Trust IV's 5.375% Trust Preference Securities. A quarterly dividend on the Series K preference stock, which would result in a
Edison International (NYSE:EIX): WHAT: First Quarter 2024 Financial Results WHEN: 1:30-2:30 p.m. (PDT) NUMBERS: 1-888-673-9780 — for callers in the U.S. 1-312-470-0178 — for international callers PASSCODE: Edison WEBCAST: www.edisoninvestor.com REPLAY: In addition to the live conference call and webcast, a telephone replay will be available through May 13 at 6 p.m. (PDT) at the following numbers: 1-800-568-3942 — for callers in the U.S. 1-203-369-3812 — for international callers Passcode: 3109 View source version on businesswire.com: https://www.businesswir
The board of directors of Edison International (NYSE:EIX) today declared a quarterly common stock dividend of $0.78 per share, to be paid on April 30, 2024, to shareholders of record on March 28, 2024. The Edison International board of directors also declared the following dividends, payable on March 15, 2024, to holders of record on March 1, 2024: A semiannual dividend of $26.875 per share on the 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A A semiannual dividend of $25.00 per share on the 5.00% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series B Additionally, the board of directors of Southern California Edison today declared the following d
Fourth-quarter 2023 GAAP earnings per share of $0.99; Core EPS of $1.28 Full-year 2023 GAAP EPS of $3.12; Core EPS of $4.76 SCE exceeds WMP covered conductor target of 1,100 miles; total deployment of more than 5,580 miles EIX introduces 2024 EPS guidance of $4.75-$5.05 EIX reiterates long-term core EPS growth rate targets of 5%-7% for 2021-2025 and 5%-7% for 2025-2028 Edison International (NYSE:EIX) today reported fourth-quarter net income of $378 million, or $0.99 per share, compared to net income of $415 million, or $1.09 per share, in the fourth quarter of last year. As adjusted, fourth-quarter core earnings were $490 million, or $1.28 per share, compared to core earning
Edison International (NYSE:EIX): WHAT: Fourth Quarter and Full Year 2023 Financial Results WHEN: Thursday, Feb. 22, 2024, 1:30-2:30 p.m. (PST) NUMBERS: 1-888-673-9780 — for callers in the U.S. 1-312-470-0178 — for international callers PASSCODE: Edison WEBCAST: www.edisoninvestor.com REPLAY: In addition to the live conference call and webcast, a telephone replay will be available through March 6 at 6 p.m. (PST) at the following numbers: 1-866-363-4001 — for callers in the U.S. 1-203-369-0204 — for international callers Passcode: 5730 View source version on businesswire.com:
Southern California Edison declares preference stock dividend Edison International (NYSE:EIX) today declared a quarterly common stock dividend of $0.78 per share, payable on Jan. 31, 2024, to shareholders of record on Dec. 29, 2023. This action increases the annual dividend by $0.17 per share. The 2024 annual dividend rate will be $3.12 per share, an increase of 5.8% from the current annual dividend rate of $2.95 per share. "Today's 5.8% increase in our dividend reflects the board and management's continued confidence and commitment to delivering 5% to 7% core EPS growth for 2021-2025 and 2025-2028. This marks the 20th consecutive annual increase in Edison International's dividend, whic
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Several publicly traded companies, including utility giant PG&E Corp (NYSE:PCG), stand to lose from scorching hot temperatures hitting California this week as 2024 shapes up to be one of the hottest years on record. What Happened: Triple-digit temperatures are set to hit Southern California this week. The National Weather Service issued excessive heat warnings and watches for the San Fernando Valley, areas in Ventura County, Bakersfield, Paso Robles and other areas of the state. Temperatures will reach 105 to 110 degrees. Periods of high temperatures are also marked by increases in wildfire activity. According to Bloomberg, PG&E said it may cut power to 12,000 homes and businesse
Morgan Stanley analyst David Arcaro maintains Edison Intl (NYSE:EIX) with a Underweight and lowers the price target from $64 to $61.
Edison Intl's (NYSE:EIX) short percent of float has risen 6.37% since its last report. The company recently reported that it has 5.18 million shares sold short, which is 1.67% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.75 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Argus Research analyst Marie Ferguson maintains Edison Intl (NYSE:EIX) with a Buy and raises the price target from $78 to $82.
- Bloomberg
Morgan Stanley analyst David Arcaro maintains Edison Intl (NYSE:EIX) with a Underweight and raises the price target from $58 to $64.
Edison Intl's (NYSE:EIX) short percent of float has fallen 6.06% since its last report. The company recently reported that it has 5.74 million shares sold short, which is 1.86% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.74 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Southern California Edison and Lotus Infrastructure Partners today announced they were chosen by the California Independent System Operator (CAISO) to develop, permit, own, operate and maintain new transmission infrastructure that will deliver energy from renewable sources, such as utility-scale solar, wind and battery installations, to Southern California. The companies will build a high-voltage transmission line from Serrano Substation in north-central Orange County to a substation in the vicinity of the retired San Onofre Nuclear Generating Station (SONGS), largely utilizing existing rights of way for the line.
Mizuho analyst Anthony Crowdell maintains Edison Intl (NYSE:EIX) with a Buy and raises the price target from $75 to $85.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Jefferies analyst Kaumil Gajrawala upgraded The Boston Beer Company, Inc. (NYSE:SAM) from Hold to Buy and increased the price target from $335 to $360. Boston Beer shares declined 2.5% to close at $283.82 on Monday. See how other analysts view this stock. JP Morgan analyst Rahul Krotthapalli upgraded the rating on Planet Fitness, Inc. (NYSE:PLNT) from Neutral to Overweight, while boosting the price target from $68 to $78. Planet Fitness shares gained 0.9% to settle at $65.56 on Monday. See how othe
The board of directors of Edison International (NYSE:EIX) today declared a quarterly common stock dividend of $0.78 per share, payable on July 31, 2024, to shareholders of record on July 8, 2024. About Edison International Edison International (NYSE:EIX) is one of the nation's largest electric utility holding companies, focused on providing clean and reliable energy and energy services through its independent companies. Headquartered in Rosemead, California, Edison International is the parent company of Southern California Edison Company, a utility delivering electricity to 15 million people across Southern, Central and Coastal California. Edison International is also the parent company
Edison International (NYSE:EIX): WHAT: Second Quarter 2024 Financial Results WHEN: 1:30-2:30 p.m. (PDT) NUMBERS: 1-888-673-9780 — for callers in the U.S. 1-312-470-0178 — for international callers PASSCODE: Edison WEBCAST: www.edisoninvestor.com REPLAY: In addition to the live conference call and webcast, a telephone replay will be available through Aug. 7 at 6 p.m. (PDT) at the following numbers: 1-866-405-7293 — for callers in the U.S. 1-203-369-0605 — for international callers Passcode: 8852 View source version on businesswire.com: https://www.
Southern California Edison and Lotus Infrastructure Partners today announced they were chosen by the California Independent System Operator (CAISO) to develop, permit, own, operate and maintain new transmission infrastructure that will deliver energy from renewable sources, such as utility-scale solar, wind and battery installations, to Southern California. The companies will build a high-voltage transmission line from Serrano Substation in north-central Orange County to a substation in the vicinity of the retired San Onofre Nuclear Generating Station (SONGS), largely utilizing existing rights of way for the line. "New transmission in California needs to be built at up to four times histo
Southern California Edison announced today that it will redeem all of the outstanding shares of its Series E Preference Stock. The redemption date will be June 6, 2024, and the redemption price will be $1,000 per share of Series E Preference Stock, plus accrued and unpaid dividends up to, but excluding, the redemption date. The amount of accrued and unpaid distributions to, but excluding, June 6, 2024, will be $9.7874 per share of Series E Preference Stock. SCE will redeem the Series E Preference Stock using the proceeds of an offering of a new series of preference securities. All shares of the Series E Preference Stock are held through The Depository Trust Company (DTC), and the shares w
First-quarter 2024 GAAP loss per share of $0.03; Core EPS of $1.13 Strong regulatory progress: Received CEMA proposed decision; Submitted GRC rebuttal testimony Revised best estimate of expected losses for 2017/2018 Wildfire/Mudslide Events, resulting in net after-tax charge of $333 million; Woolsey application on track for Q3 Affirms 2024 core EPS guidance of $4.75-$5.05 Reiterates long-term core EPS growth rate targets of 5%-7% for 2021-2025 and 5%-7% for 2025-2028 Edison International (NYSE:EIX) today reported a first-quarter net loss of $11 million, or $0.03 per share, compared to net income of $310 million, or $0.81 per share, in the first quarter of last year. As adjus
The board of directors of Southern California Edison today declared the following dividends: A quarterly dividend on the Series G preference stock, which would result in a distribution of $0.31875 per security on SCE Trust II's 5.10% Trust Preference Securities. A quarterly dividend on the Series H preference stock, which would result in a distribution of $0.548223 per security on SCE Trust III's 5.75% Trust Preference Securities. A quarterly dividend on the Series J preference stock, which would result in a distribution of $0.3359375 per security on SCE Trust IV's 5.375% Trust Preference Securities. A quarterly dividend on the Series K preference stock, which would result in a
CEC, CPUC, CAISO, PG&E, SCE and UC Berkeley Apply for $2 Billion DOE Grant to Increase Grid Capacity and Renewable Energy While Lowering Costs for Customers OAKLAND, Calif. and ROSEMEAD, Calif., April 18, 2024 /PRNewswire/ -- In a joint effort to deliver more clean energy at a lower cost to customers, the California Energy Commission (CEC), California Public Utilities Commission (CPUC), California Independent System Operator (CAISO), Pacific Gas and Electric Company (PG&E), Southern California Edison (SCE), and the University of California, Berkeley Energy Institute at Haas submitted a grant application for $2 billion to the U.S. Department of Energy's (DOE) Grid Resilience and Innovation Pa
Chairman of the Board Chris Hayes Appointed as President & CEO Dr. Audrey Lee joins the Board of Directors Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today announced that Chris Hayes, Spruce's Chairman of the Board, will succeed Christian Fong as President and Chief Executive Officer, effective April 12, 2024. Additionally, Dr. Audrey Lee has joined the Board of Directors. "The Board is confident that Chris is the right leader to take Spruce to the next stage of its evolution and develop avenues of growth. Chris brings a wealth of experience to his role as CEO, incl
The 30 scholars are changemakers dedicated to shaping the clean energy future After being named Edison International's 2024 Edison Scholars, 30 high school seniors are a step closer to realizing their dreams. The new class of Edison Scholars has been awarded $1.5 million in scholarships from Edison International to help them pursue a college career in science, technology, engineering or math (STEM). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240411429478/en/Edison International Celebrates Its 2024 Edison Scholars (Photo: Business Wire) Since 2006, the Edison Scholars Program has provided scholarships to students in Souther
Edison International (NYSE:EIX): WHAT: First Quarter 2024 Financial Results WHEN: 1:30-2:30 p.m. (PDT) NUMBERS: 1-888-673-9780 — for callers in the U.S. 1-312-470-0178 — for international callers PASSCODE: Edison WEBCAST: www.edisoninvestor.com REPLAY: In addition to the live conference call and webcast, a telephone replay will be available through May 13 at 6 p.m. (PDT) at the following numbers: 1-800-568-3942 — for callers in the U.S. 1-203-369-3812 — for international callers Passcode: 3109 View source version on businesswire.com: https://www.businesswir
Goldman initiated coverage of Edison with a rating of Neutral and set a new price target of $78.00
Guggenheim upgraded Edison from Neutral to Buy and set a new price target of $84.00
Evercore ISI upgraded Edison from In-line to Outperform and set a new price target of $68.00 from $74.00 previously
Barclays initiated coverage of Edison with a rating of Equal Weight and set a new price target of $68.00
Mizuho upgraded Edison from Neutral to Buy and set a new price target of $75.00 from $73.00 previously
Ladenburg Thalmann upgraded Edison from Sell to Neutral
Guggenheim downgraded Edison from Buy to Neutral
Ladenburg Thalmann initiated coverage of Edison with a rating of Sell and set a new price target of $66.00
Wells Fargo downgraded Edison from Overweight to Equal Weight and set a new price target of $73.00 from $76.00 previously
UBS upgraded Edison from Neutral to Buy and set a new price target of $75.00 from $69.00 previously
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