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 date. The amount of accrued and unpaid distributions to but excluding Nov. 28, 2024 is $0.426992 per Trust Preference Security. Trust Preference Securities held through The Depository Trust Company will be redeemed according to The Depo

Third-quarter 2024 GAAP EPS of $1.33; Core EPS of $1.51 Significant progress in resolving legacy wildfires: Settlement agreement reached on TKM; cost recovery application on Woolsey Fire filed with CPUC Narrows 2024 core EPS guidance to $4.80-$5.00 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 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 shar

Edison International (NYSE:EIX): WHAT: Third 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 Nov. 11 at 6 p.m. (PDT) at the following numbers: 1-800-391-9853 — for callers in the U.S. 1-203-369-3269 — for international callers Passcode: 9413   View source version on businesswire.com: https://www.businesswire.com/news/home/20241001721606/en/

The board of directors of Edison International (NYSE:EIX) today declared a quarterly common stock dividend of $0.78 per share, payable on Oct. 31, 2024, to shareholders of record on Oct. 7, 2024. Additionally, the board of directors of Southern California Edison today declared the following dividends, payable Dec. 15, 2024, to shareholders of record on Dec. 13, 2024: 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 Series H preference stock, which would result in a distribution of $0.518084 per security on SCE Trust III's 5.75% Trust Preference Securities Series J preference stock, which would

The board of directors of Edison International (NYSE:EIX) today declared the following dividends, payable Sept. 15, 2024, to shareholders of record on Sept. 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 quarterly dividends, payable on Sept. 15, 2024, to shareholders of record on Sept. 13, 2024, on the: Series G preference stock, which would result in a distribution of $0.31875 per secu

Second-quarter 2024 GAAP EPS of $1.14; Core EPS of $1.23 SCE reaches another milestone in hardening distribution lines in high fire risk areas: 84% of planned hardening complete 2025 GRC proceeding on track. Additionally, SCE has reached partial settlements with intervenors Reaffirms 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 second-quarter net income of $439 million, or $1.14 per share, compared to net income of $354 million, or $0.92 per share, in the second quarter of last year. As adjusted, second-quarter core earnings were $475 m

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

UBS analyst Daniel Ford downgrades Edison Intl (NYSE:EIX) from Buy to Neutral and lowers the price target from $83 to $82.

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.

John W. Rogers Jr., Chairman and co-CEO of Ariel Investments, LLC, to join the EOC Management Committee as Chair, plus Edison International, Exelon Corporation, and Southern Company join Xcel Energy, Micron, and Air Products to help expand U.S. procurement and supply chain opportunities for small and historically underutilized businesses NEW YORK, July 18, 2024 /PRNewswire/ -- The Rockefeller Foundation announced today that John W. Rogers Jr., Chairman and co-CEO of Ariel Investments, LLC, has joined the Economic Opportunity Coalition's (EOC) Management Committee as Chair. In addition, the EOC is an innovative initiative that has received new procurement commitments from Edison International

The $25,000 scholarships will help fund tuition, tools and support services, strengthening SCE's diverse workforce Today, Edison International announced the 12 recipients of the Edison International Lineworker Scholarship, which awards up to $25,000 per recipient to pursue a career in the skilled trade workforce at Southern California Edison. The scholarship, funded by Edison International shareholders and IBEW Local 47, is designed to build and strengthen a diverse workforce in SCE's service area. As California approaches its ambitious 2045 carbon-free goal, the need for a skilled workforce to power the electric transition is more important than ever. The Lineworker Scholarship provide

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

Jefferies initiated coverage of Edison with a rating of Buy and set a new price target of $93.00

BofA Securities resumed coverage of Edison with a rating of Buy and set a new price target of $95.00

UBS downgraded Edison from Buy to Neutral and set a new price target of $82.00 from $83.00 previously

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