Edison International’s Stock Price Dips to $55.11, Recording a 3.49% Decline: A Comprehensive Analysis

Edison International (EIX)

55.11 USD -1.99 (-3.49%) Volume: 2.38M

Edison International’s stock price currently stands at 55.11 USD, experiencing a drop of 3.49% this trading session with a trading volume of 2.38M. With a Year-to-Date percentage change of -30.97%, EIX’s stock performance continues to attract significant market attention.

Latest developments on Edison International

Edison International (NYSE:EIX) saw its stock underperform on Wednesday in comparison to its competitors, following a series of notable events. Morgan Stanley set the price target for EIX at $52.00, while USS Investment Management Ltd sold 23,757 shares of the company. On the other hand, Woodline Partners LP acquired a new position in EIX, and Mackenzie Financial Corp held a $33.61 million stock position. Public Employees Retirement System of Ohio sold 8,279 shares, while Royal Bank of Canada purchased EIX shares. Additionally, Drucker Wealth 3.0 LLC sold off their holdings in Edison International.

Edison International on Smartkarma

Analysts on Smartkarma, such as Baptista Research, are closely following the developments at Edison International. In a recent research report titled “Edison International: How Is It Changing Its Capital Structure & Financing Strategies to Support Future Growth!”, analysts discussed the company’s financial update, operational status, and future growth strategies. The report highlighted Edison International‘s core EPS of $4.93 for 2024, which was slightly above the midpoint of its guidance range, indicating a consistent performance history over the past two decades. The discussions primarily focused on addressing the aftermath of the Southern California wildfires and the financial and regulatory implications related to these events.

A look at Edison International Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Edison International, a company that focuses on electric power generation and energy services, has received high scores in Dividend and Growth according to Smartkarma Smart Scores. This indicates a positive long-term outlook for the company in terms of providing dividends to shareholders and potential for growth in the future. Despite slightly lower scores in Resilience and Momentum, the strong performance in Dividend and Growth suggests that investors may see potential in Edison International for stable returns and expansion opportunities.

With a solid Value score of 4, investors may also find Edison International to be a good investment opportunity based on its current valuation. The company’s diverse range of services, from electric power generation to real estate projects, provides a stable foundation for future growth. Overall, the high scores in Dividend and Growth indicate a promising outlook for Edison International, making it a company to watch for potential long-term investment opportunities.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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