Edison International (EIX)
- Previous Close
68.04 - Open
68.37 - Bid --
- Ask --
- Day's Range
67.73 - 68.52 - 52 Week Range
58.82 - 74.92 - Volume
1,359,812 - Avg. Volume
2,267,524 - Market Cap (intraday)
26.208B - Beta (5Y Monthly) 0.97
- PE Ratio (TTM)
21.91 - EPS (TTM)
3.11 - Earnings Date Apr 30, 2024
- Forward Dividend & Yield 3.12 (4.58%)
- Ex-Dividend Date Mar 27, 2024
- 1y Target Est
75.16
Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors. Its transmission facilities consist of lines ranging from 55 kV to 500 kV and approximately 80 transmission substations; distribution system consists of approximately 38,000 circuit-miles of overhead lines; approximately 31,000 circuit-miles of underground lines; and 730 distribution substations. The company was founded in 1886 and is based in Rosemead, California.
www.edison.com13,003
Full Time Employees
December 31
Fiscal Year Ends
Sector
Utilities - Regulated Electric
Industry
Recent News: EIX
Performance Overview: EIX
Trailing total returns as of 4/18/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: EIX
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Statistics: EIX
Valuation Measures
Market Cap
26.21B
Enterprise Value
62.85B
Trailing P/E
21.91
Forward P/E
13.62
PEG Ratio (5yr expected)
0.73
Price/Sales (ttm)
1.61
Price/Book (mrq)
1.90
Enterprise Value/Revenue
3.85
Enterprise Value/EBITDA
10.75
Financial Highlights
Profitability and Income Statement
Profit Margin
7.33%
Return on Assets (ttm)
2.82%
Return on Equity (ttm)
6.75%
Revenue (ttm)
16.34B
Net Income Avi to Common (ttm)
1.2B
Diluted EPS (ttm)
3.11
Balance Sheet and Cash Flow
Total Cash (mrq)
345M
Total Debt/Equity (mrq)
196.78%
Levered Free Cash Flow (ttm)
-2.38B
Research Analysis: EIX
Analyst Price Targets
Fair Value
Analyst Recommendations
Earnings
Research Reports: EIX
Analyst Report: Edison International
Edison International is an electricity generation, distribution, and wholesale utility in Southern California. About 20% of sales are from owned generation. EIX is a leader in renewable energy and does not use coal in its fuel mix (which includes natural gas 25%; wind, 10%; solar, 18%; hydro, 5%; and Geothermal 6%). It has two subsidiaries: Southern California Edison (SCE), an electric utility serving 15 million people in Southern California (excluding San Diego and Los Angeles), and Edison Energy, an energy and sustainability advisory company that provides data to commercial and industrial users. SCE has about five million customer accounts in Central and Coastal Southern California. Its service area is about 50,000 square miles and the subsidiary typically accounts for about 99% of overall revenue. Edison has had litigation issues. It recently settled a range of claims, including $52 million for discrepancies in the distribution of energy-efficient lightbulbs, $1.16 billion in subrogation claims for a 2017 wildfire, and $2.2 billion in damages from the Wolsey Fire. The company is headquartered in Rosemead, California, and is a component of the S&P 500. EIX's market cap is $26.6 billion.
RatingBullishPrice TargetMarket Update: EIX, OXY
U.S. stocks were higher on Tuesday morning following the release of hotter-than-expected inflation data In February, headline CPI-U rose 0.4%, matching expectations and up from 0.3% last month. This brings the annual inflation rate to 3.2%, up from 3.1% last month. Core CPI rose 0.4%, matching the prior month but ahead of expectations for the second straight month, bringing annual core-CPI to 3.8%, down from 3.9% last month. Over 60% of the monthly increase for headline CPI was from the shelter and energy components. Investors still expect the first rate cut will be in June. The Dow rose 0.7%, the S&P 500 was up 1.0%, and the Nasdaq gained 1.4%. Crude oil traded above $78 per barrel, while gold fell $22 to $2167 per ounce.
The Argus High-Yield Model Portfolio
Value stocks -- a market segment that includes high-yield stocks -- outperformed growth stocks in 2022. That's a recent rarity, as for the past decade-plus, the performance record has favored growth. But the tide turned in 2022. The rollout of COVID-19 vaccines gave a lift to some of the cyclical companies (energy and regional banks) that had lagged in recent quarters, and value stocks outpaced growth stocks that year. While growth stocks have retaken the lead since 2023, the Federal Reserve continues to keep interest rates high to fend off inflation. This could possibly cap multiple expansion for growth companies in coming quarters. In any event, the value sector is the place to achieve income.
Weekly Stock List
Value stocks -- a market segment that includes high-yield stocks -- outperformed growth stocks in 2022. That's a recent rarity, as for more than a decade, the performance record favored growth. Since 2010, the Russell 1000 Growth Index has climbed more than 575%, compared to an advance of almost 200% for the Russell 1000 Value Index. In 10 of the past 13 years, growth stocks have topped value stocks. That hasn't always been the case. In the 2000-2010 decade, including the Great Recession, value stocks were better performers than growth stocks, advancing an admittedly low 8% (but still better than growth, which declined 15% during the decade). Value investors trace their roots to the famous "Security Analysis" textbook, written by Ben Graham, an economics professor at Columbia University. Warren Buffett was one of his students. Why the recent deviation in performance? Several reasons, including changes in the make-up of the economy, growth in intangible assets, and the current level of interest rates. But the tide turned back in 2022, at least for a while, as the rollout of COVID-19 vaccines gave a lift to some of the cyclical companies (energy and regional banks) that had lagged in recent years. While growth stocks have recaptured the lead since 2023, the Federal Reserve continues to keep interest rates high to fend off inflation. This could possibly cap multiple expansion for growth companies in coming quarters. In any event, the value sector is the place to achieve income. The current yield on the iShares Russell 1000 Value Index ETF is 2.0%, compared to the 0.7% current yield on the iShares Russell 1000 Growth Index ETF. For our list this week, we have screened our coverage universe for stocks that are BUY-rated by Argus Research analysts, have an Argus Financial Strength Rating of at least Medium, and have a yield of 3.0% or higher. Here's a baker's dozen that meet the criteria. These stocks are also featured in our High-Yield theme model portfolio.