Edison International’s Stock Price Soars to $58.18, Marking a Positive 1.55% Shift in Performance

Edison International (EIX)

58.18 USD +0.89 (+1.55%) Volume: 4.37M

Edison International’s stock price has seen a significant trading session today with a positive leap of +1.55%, bringing the stock’s price to 58.18 USD. Despite this, EIX’s year-to-date performance shows a decrease of -27.13%. With a trading volume of 4.37M, Edison International’s stock continues to generate investor interest.

Latest developments on Edison International

Edison International (NYSE:EIX) has been in the spotlight recently with various investment firms making moves with their holdings in the company. Ausdal Financial Partners Inc. has made a new investment, while KLP Kapitalforvaltning AS has taken a $23.50 million position. On the other hand, Intech Investment Management LLC and Northwest & Ethical Investments L.P. have sold shares of Edison International. This activity comes amidst reminders to shareholders and ongoing investigations by legal firms such as Faruqi & Faruqi, LLP. With stock price movements influenced by these developments, investors are closely watching Edison International as it navigates through these challenges.

Edison International on Smartkarma

Analysts on Smartkarma, such as Baptista Research, have been closely covering Edison International‘s financial updates and strategic developments. In a recent report titled “Edison International: How Is It Changing Its Capital Structure & Financing Strategies to Support Future Growth!”, the company’s core EPS for 2024 was highlighted, showing a consistent performance history over the past two decades. The discussions also focused on addressing the aftermath of the Southern California wildfires and the financial implications related to these events.

Furthermore, Baptista Research‘s analysis in another report titled “Edison International: Innovation & Technological Investments As A Vital Tool For Growth! – Major Drivers” delves into the company’s third-quarter 2024 financial results. The report reveals a mix of performance indicators, regulatory developments, and strategic initiatives that present both challenges and opportunities for Edison International. With reported core earnings per share (EPS) of $1.51 for the quarter and a narrowing of its 2024 core EPS guidance range, the company is on track to achieve its 2025 EPS guidance and maintain a compound annual growth rate (CAGR) of 5% to 7% through 2028.

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 focused on electric power generation and energy services, has received a positive outlook based on Smartkarma Smart Scores. With strong scores in Value, Dividend, and Growth, the company is positioned well for long-term success. However, lower scores in Resilience and Momentum indicate potential challenges in the future that Edison International will need to address to maintain its overall positive outlook.

Despite facing some resilience and momentum issues, Edison International‘s high scores in Dividend and Growth show promise for its future performance. The company’s diverse portfolio, which includes energy services and real estate projects, provides a solid foundation for continued growth. Investors may find Edison International to be a stable choice for long-term investment, given its overall positive outlook based on the Smartkarma Smart Scores.

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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