EIX - Edison International

NYSE - NYSE Delayed Price. Currency in USD
69.68
-0.42 (-0.60%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close70.10
Open70.35
Bid0.00 x 800
Ask69.69 x 800
Day's Range69.50 - 70.38
52 Week Range45.50 - 71.54
Volume1,522,049
Avg. Volume2,157,416
Market Cap22.703B
Beta (3Y Monthly)0.20
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield2.45 (3.50%)
Ex-Dividend Date2019-07-05
1y Target EstN/A
Trade prices are not sourced from all markets
  • 3 Big Stock Charts for Monday: Lowe’s, Netflix and Edison International
    InvestorPlace3 days ago

    3 Big Stock Charts for Monday: Lowe’s, Netflix and Edison International

    The market logged its fourth straight day of gains on Friday, fighting its way a little deeper into record-high territory for the last three. It all feels a bit artificial, but it's not a train anybody dare risk jumping in front of.Source: Shutterstock Facebook (NASDAQ:FB) did more than its fair share of heavy lifting, up nearly 2% after the Federal Trade Commission settled its anti-privacy claim against the company for an affordable $5 billion. More importantly, the settlement puts the nagging matter in the past. Infosys (NYSE:INFY) logged the best gain for the day, however, up more than 6% in response to an impressive first quarter.Weighing the market down more than any other name was Johnson & Johnson (NYSE:JNJ). Shares of the healthcare company fell 4% on new accusations that it knowingly lied about the cancer risks related to its talc products. It has prompted a criminal probe.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks Driving the Market to All-Time Highs (And Why) As the new week's trading action gets going, however, its the stock charts of Netflix (NASDAQ:NFLX), Lowe's (NYSE:LOW) and Edison International (NYSE:EIX) that merit the closest looks. Here's what's most noteworthy about each. Edison International (EIX)Like most other utility names, Edison International investors enjoyed a fruitful June. Unlike most utility stocks, however, EIX has continued to charge higher in July, avoiding the slowdown that has adversely impacted other names in the business.Shares have finally hit a headwind at fairly well-established technical resistance. And, they're now officially overbought. If traders can pull off a miracle and continue to march higher, however, there's little left to hold the move back until much, much higher. Click to Enlarge * The ceiling in question is right around $71, marked in yellow on both stock charts. That's where Edison peaked in October, and where it stopped advancing last week. * Still, the volume behind the recent rally has been abnormally high. It has been induced by headlines related to last year's wildfires in California, but there's a horde of buyers amassing all the same. * Should EIX manage to break out, there's not another established technical ceiling in place until 2017's highs near $82. Lowe's (LOW)The recent rally from Lowe's is a rather significant, given it has only been in place since late May. Shares are up 16% in just that eight-week stretch. There's room and reason for LOW to continue moving higher, however. In fact, it's more likely to do that -- in spades -- than not. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Click to Enlarge * It's apparent on the daily chart, though more so on the weekly chart, that the rebound was prompted by an encounter with a rising support line that extends back to 2017's low. * The same weekly chart also illustrates where the most likely upside targets are. There's a horizontal ceiling near $118, marked in red, then there's the upper boundary of the rising trading channel. * Although the past couple of months have looked and felt overly bullish, the advance is still in its infancy. We don't yet have a MACD crossover on the weekly chart, and we're nowhere near close to being stochastically overbought. Netflix (NFLX)A month and a half ago, Netflix was on the verge of a serious meltdown. A horizontal floor was crumbling, and the 200-day moving average line (plotted in white on both stock charts) was under attack as support. And, both were happening right after NFLX bumped into a horizontal ceiling, plotted as a white dashed line on both stock charts.The stock ended up evading disaster, pushing up and off the 200-day moving average line after all. But, last week, that technical ceiling once again came back into play. It not only capped the rebound effort, but appears to have rekindled the selling. Click to Enlarge * Friday's 1.9% slide was not only a pullback on a day the overall market tide was bullish, it took shape on a suspiciously high level of volume -- particularly for a Friday. * The previous technical floors are still floors. That's the horizontal floor at $342.20, plotted in yellow, and the 200-day moving average line currently at $338.17. * The narrow trading range is well established. Having been in place for a while, any break outside of it could set up a prolonged move to make up for lost time as pent-up action is unleashed.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post 3 Big Stock Charts for Monday: Lowe's, Netflix and Edison International appeared first on InvestorPlace.

  • Moody's6 days ago

    San Diego Gas & Electric Company -- Moody's affirms San Diego Gas & Electric Company's ratings; outlook remains negative

    Moody's Investors Service ("Moody's") today affirmed San Diego Gas & Electric Company's (SDG&E) ratings, including its Baa1 Issuer rating, A2 senior secured rating as well as its P-2 short-term rating.

  • Moody's6 days ago

    Southern California Edison Company -- Moody's affirms Edison and Southern California Edison ratings; outlook remains negative

    Moody's Investors Service ("Moody's") today affirmed the ratings of Edison International (Edison), including its Baa3 senior unsecured rating, and the ratings of its principal subsidiary Southern California Edison Company (SCE), including its Baa2 senior unsecured rating. Please see below for a complete list of ratings affirmed.

  • Reuters6 days ago

    California governor signs bill for $21 bln wildfire fund

    California Governor Gavin Newsom on Friday signed a bill approved by lawmakers a day earlier that creates a $21 billion fund to help bankrupt PG&E Corp and the state's other investor-owned utilities cover liabilities arising from future wildfires caused by their equipment. Both chambers of California's legislature rushed this week to approve the bill and send it to Newsom to meet the July 12 deadline demanded by S&P Global Ratings. The credit rating agency had warned it could lower its ratings on the state's two other major investor-owned power providers, Edison International's Southern California Edison and Sempra Energy's San Diego Gas & Electric, absent "concrete actions" by policymakers to reduce credit risks posed by wildfires to the state's utilities.

  • 6 Large-Cap Dividend Stocks to Lend Stability to Your Portfolio
    Zacks6 days ago

    6 Large-Cap Dividend Stocks to Lend Stability to Your Portfolio

    No matter how volatile the global markets are, these large-cap companies ensure stable dividend payouts.

  • 6 Stocks to Buy as Powell Hints at Near-Term Rate Cut
    Zacks7 days ago

    6 Stocks to Buy as Powell Hints at Near-Term Rate Cut

    Investing in REITs and utilities -- sectors gaining from a soft rate environment -- makes for a smart move.

  • The Zacks Analyst Blog Highlights: Alphabet, Facebook, Nike, United Airlines and Edison
    Zacks8 days ago

    The Zacks Analyst Blog Highlights: Alphabet, Facebook, Nike, United Airlines and Edison

    The Zacks Analyst Blog Highlights: Alphabet, Facebook, Nike, United Airlines and Edison

  • Moving Average Crossover Alert: Edison International
    Zacks8 days ago

    Moving Average Crossover Alert: Edison International

    Edison International (EIX) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

  • California Utilities Are Upbeat, Wildfire Bill Moves Forward
    Market Realist8 days ago

    California Utilities Are Upbeat, Wildfire Bill Moves Forward

    On Tuesday, PG&E; (PCG) stock rose more than 6% during the early trading hours. The stock lost most of its gains and closed 0.7% higher.

  • Top Research Reports for Alphabet, Facebook & Nike
    Zacks10 days ago

    Top Research Reports for Alphabet, Facebook & Nike

    Top Research Reports for Alphabet, Facebook & Nike

  • Utilities in Focus on Unstable Bond Yields and Rate Cut Hopes
    Market Realist10 days ago

    Utilities in Focus on Unstable Bond Yields and Rate Cut Hopes

    Utilities, which are sensitive to interest rates, rose 1.8% while the S&P; 500 managed to gain almost 2% in the week that ended on July 5.

  • PG&E, Edison May Not Get California Help on Fires by July 12
    Bloomberg13 days ago

    PG&E, Edison May Not Get California Help on Fires by July 12

    (Bloomberg) -- California’s biggest utilities -- PG&E Corp., Edison International and Sempra Energy -- may not get the help they need to deal with multi-billion dollar wildfire liabilities before lawmakers adjourn July 12 for recess.Governor Gavin Newsom signaled that pending legislation may not be finalized by then, a date around which S&P Global Ratings has indicated it might downgrade the utilities to junk absent state action. “The bond-rating agencies have marked the 12th and 13th as important days,” Newsom said Wednesday at an unrelated bill signing event, according to CALmatters, a nonprofit news organization. “But if we make a tremendous amount of progress in the next two weeks and it bleeds over for a few days, I imagine that will be considered.”Asked about the comments Friday, Newsom spokesman Nathan Click said the administration was “continuing to work toward the 12th” but that it’s “also important to get it right.”California’s utility giants are counting on the legislation to save them from mounting liabilities tied to wildfires that their equipment keeps igniting. The state’s largest power company, PG&E, was forced to declare bankruptcy in January to deal with an estimated $30 billion in fire damages. Both Edison International’s and Sempra Energy’s utilities face junk ratings should the state fail to come up with a fix in time.In California, a legal doctrine known as inverse condemnation holds utilities liable for wildfires that their equipment sparks, even if they aren’t proven negligent. Newsom has proposed a sweeping plan to help power providers pay for future wildfire damages and make it easier for them to recover costs if they obtain a safety certification. The bill is scheduled for a committee hearing Monday after being postponed twice.S&P said in June that it may cut Edison’s Southern California Edison and Sempra’s San Diego Gas & Electric to below investment grade “on or about July 12” absent legislative action reducing the exposure to fire liabilities.“The downgrades would reflect the higher wildfire risks that California’s electric utilities are facing without adequate regulatory protections to effectively reduce those risks,” the company said.Legislative leaders, who like Newsom are Democrats, on Friday pointed to the work on the bill underway. “Substantial progress has been made,” said Kevin Liao, a spokesman for Assembly Speaker Anthony Rendon.Senate President pro Tempore Toni Atkins said in a statement that the Senate is “unified” with the governor to finish the legislation “as quickly as possible.”“We know wildfire season is upon us and we must move quickly to resolve all of these issues,” she said. “We trust that the progress we have made is clear indication that we are taking this seriously.”(Updates with legislative comments starting in third to last paragraphs.)\--With assistance from Mark Chediak.To contact the reporter on this story: Romy Varghese in San Francisco at rvarghese8@bloomberg.netTo contact the editors responsible for this story: Elizabeth Campbell at ecampbell14@bloomberg.net, Michael B. Marois, William SelwayFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Here's Why You Add Edison International (EIX) Stock Now
    Zacks13 days ago

    Here's Why You Add Edison International (EIX) Stock Now

    Edison International (EIX) is a promising bet for investors, courtesy of these four factors.

  • Morningstar17 days ago

    Utilities: Rich Prices Could Limit Defensive Prowess

    Utilities continue to impress, with good growth prospects, secure dividends, and sound balance sheets. That's good news for investors, who could realize 5%-7% annual dividend and earnings growth from many high-quality utilities with narrow moats and 3% yields.

  • PG&E Is Already Starting Fires Again, Just Weeks Into the Season
    Bloomberg20 days ago

    PG&E Is Already Starting Fires Again, Just Weeks Into the Season

    (Bloomberg) -- Just a few weeks into California’s dry summer season, fires linked to PG&E Corp. have already started to break out.More than 2,000 acres burned in Monterey County this week, with power lines blamed as the cause. Earlier this month, a transformer burst into flames in Marin County, north of San Francisco, and ignited a brush fire. In San Jose, falling PG&E wires may have scorched a house and an acre of land.The blazes, while small, are early signs of the difficulties California’s largest utility faces as it tries to prevent a disastrous conflagration like last year’s Camp Fire, which killed 85 people and sent the company spiraling into bankruptcy. PG&E’s tens of thousands of miles of power lines are so vast, and the work so extensive, that it has already warned that it’s behind on some aggressive safety work. And against windy and parched conditions, some fires are all but inevitable.In the company’s first summer operating in Chapter 11, there are even more obstacles: a shortage of workers for needed upkeep and delays in accessing land, adding more uncertainty to an already precarious situation.“PG&E has a big challenge ahead of it,” said Michael Wara, director of the Climate and Energy Policy Program at Stanford University, who was a member of a state-appointed wildfire commission. “The company has to rethink how it operates its system, more or less, and nobody really has had to do that in a very long time.”For more, read: California’s Newsom Now Has a Bill to Back His Wildfire PlanWhile most wildfires aren’t sparked by utilities -- people are the ones who usually start them -- electrical equipment has ignited at least six of the 10 most destructive blazes in state history. Last year alone, California power companies PG&E, Edison International’s Southern California Edison and Sempra Energy’s San Diego Gas and Electric sparked almost 570 fires, state data show.PG&E, with the largest service territory, was to blame for more than 400 of those, but the vast majority were small and extinguished quickly. The company said the number of incidents were down from a year earlier.No matter how many trees they trim and lines they repair, utility executives have warned that completely fireproofing their systems is a next-to-impossible endeavor. As Edison Chief Executive Officer Pedro Pizarro said during a recent call with investors, “Perfection is an unreasonable and unrealistic standard.”The enormity of the task of preventing another catastrophe isn’t lost on PG&E and its new leadership, who have been in place for just a couple months. The San Francisco-based utility has undertaken a sweeping plan to inspect, repair and clear trees and brush away from its power lines in high-risk areas, while installing new weather monitoring devices.The company said this month that it addressed about 1,200 critical safety threats on its grid from its stepped up safety inspections that are nearly complete.“This work is happening on a scale never seen before in the industry,” Chief Executive Officer Bill Johnson said at the company’s annual shareholder meeting last week. Johnson, an industry veteran, has vowed to improve the safety operations of PG&E and restore its credibility as past fires continue to haunt the utility. California regulators said Thursday that they're considering fines and penalties against PG&E for its role in the 2017 blazes that devastated wine country. PG&E shares were down 1.1% as of 11:24 a.m. in New York on Friday. The company said an emailed statement that it’s “taking steps every day to improve the safety and reliability” of its system. Since late last year, PG&E said it has been accelerating and enhancing inspections and repairs of overhead power lines, changing design standards and expanding its wildfire safety program.Tree TrimmersBut the company also is struggling to find qualified workers for the difficult and sometimes dangerous job of trimming trees. PG&E’s agreement with one of its largest contractors for that work, Asplundh Tree Expert, has ended, leaving the company rushing to find replacements.As of April 25, PG&E had completed more than one-quarter of its targeted tree cutting for this year, according to a filing with state regulators. At the end of May, PG&E said it wouldn’t hit its vegetation management targets by June 30 and would update regulators after more reviews.Chriso Lee, director of operations for a contractor that trims trees for PG&E in the Yosemite area, said he’s recruiting workers from as far away as Australia and Puerto Rico. “Finding qualified workers is a huge challenge,” he said.PG&E now has about 3,000 workers cutting trees in the field a day, but would like to have a couple of thousand more, said Ralph Armstrong, senior assistant business manager for a labor union that represents PG&E employees. And the queues of people looking for lineman assignments at the union halls are out the door, he said.“They are trying to do five years of work in about one year,” Armstrong said of PG&E. “It’s quite a daunting task.”PG&E also said it has had trouble getting environmental or local government permits to access some land, and has faced resistance from private landowners. After a particularly wet winter, some areas in higher elevations have been inaccessible until recently due to the heavy snowpack, or they’re so remote that can only be reached by foot.In a recognition that the utility can’t prevent all fires, PG&E is preemptively shutting power to customers when the risk is high. There is evidence the strategy may be effective: During a recent shutoff of about 22,000 customers north of San Francisco and in the Sierra Nevada foothills, the company found five hazards such as fallen branches lying across conductors.California’s leaders, meanwhile, have also resigned themselves to the fact that fires will happen, and with more frequency, as the effects of climate change deepen. Late Thursday, lawmakers introduced a bill to establish a fund to help utilities deal with their mounting wildfires liabilities. The measure, based on a plan laid out by Governor Gavin Newsom, would be financed with an initial $10.5 billion from the state -- an acknowledgment that the companies will need financial help until they make their grids safer. “The goal can’t be that the electricity system never starts a fire,” said Wara of Stanford. “The goal has to be that the electricity system never starts catastrophic wildfires.”(Adds detail about regulator considering penalties in sixth paragraph.)\--With assistance from Brian Eckhouse.To contact the reporter on this story: Mark Chediak in San Francisco at mchediak@bloomberg.netTo contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Joe Ryan, Pratish NarayananFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Edison International Stock Compared to Its Peers
    Market Realist22 days ago

    Edison International Stock Compared to Its Peers

    Edison International (EIX) stock offers a potential upside of 10% for the next 12 months. Based on the consensus estimates, Edison International has a median target price of $71.9.

  • Is Edison International (NYSE:EIX) A Good Dividend Stock?
    Simply Wall St.22 days ago

    Is Edison International (NYSE:EIX) A Good Dividend Stock?

    Could Edison International (NYSE:EIX) be an attractive dividend share to own for the long haul? Investors are often...

  • Does Edison International (NYSE:EIX) Have A Place In Your Dividend Stock Portfolio?
    Simply Wall St.22 days ago

    Does Edison International (NYSE:EIX) Have A Place In Your Dividend Stock Portfolio?

    Could Edison International (NYSE:EIX) be an attractive dividend share to own for the long haul? Investors are often...

  • Wildfire Protection Talk Lights Up Californian Utility Stocks
    Investopedia23 days ago

    Wildfire Protection Talk Lights Up Californian Utility Stocks

    Californian utility stocks soared Friday, April 12, after the release of a wildfire report. Power up profits with these three trading ideas.

  • Why Edison International (EIX) Could Be Positioned for a Surge
    Zacks23 days ago

    Why Edison International (EIX) Could Be Positioned for a Surge

    Extreme Networks (EIX) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.

  • Will the Proposed $21B Wildfire Fund Aid California Utilities?
    Zacks24 days ago

    Will the Proposed $21B Wildfire Fund Aid California Utilities?

    The key catalyst behind the proposal is the crisis faced by utility operator PG&E Corp. (PCG) with $30 billion in liabilities from wildfires.

  • One Thing California's Chief, PG&E Agree On Is a Wildfire Fund
    Bloomberg26 days ago

    One Thing California's Chief, PG&E Agree On Is a Wildfire Fund

    (Bloomberg) -- California’s governor and bankrupt power giant PG&E Corp. agree on one thing: The state needs a fund to deal with the liabilities utilities are facing because their equipment keeps igniting catastrophic wildfires.Both Governor Gavin Newsom and PG&E are floating plans that would establish a wildfire fund for utilities to tap to pay out fire claims. But it’s Newsom’s proposal in particular that comes with a deadline fast approaching.The governor is rushing to sell his idea to California lawmakers before a July 12 recess. If he can’t, the state’s two other major utilities - Edison International’s Southern California Edison and Sempra Energy’s San Diego Gas & Electric - may wind up with junk credit ratings. And with the state heading into another wildfire season, any one of them may be a power line-sparked blaze away from financial ruin. PG&E, the state’s largest power company, has already filed for Chapter 11 to deal with an estimated $30 billion in liabilities from fires its equipment ignited in 2017 and 2018.Newsom told reporters at an event in San Francisco on Friday that he has “hope and confidence” that California’s policy makers can get legislation passed in time -- that is, he said, “if they’re committed to this issue.”The governor is proposing two alternatives for a fund. One would be a $10.5 billion liquidity fund that would serve as a line of credit for utilities. The state would fund it by extending a charge on utility bills and securitizing the revenue through state-issued bonds, according to the governor’s aides. The other option is a $21 billion insurance-like fund. Utilities would kick in an additional $10.5 billion of their own money for that one, with PG&E shelling out the most because of its higher fire risk. SoCalEd and San Diego Gas & Electric would get to decide which kind of fund to form, with PG&E bound to the decision.PG&E, meanwhile, is floating the idea of a fund that would be financed with $14 billion in state bonds. The company would stick $3 billion in it, and the rest of California’s utility owners would contribute another $3 billion. That proposal is a part of a $31 billion reorganization plan that the company hopes will have it exiting bankruptcy in March, according to a document reviewed by Bloomberg.$3 Billion InvestmentNewsom’s proposal comes with strings attached, including $3 billion in shareholder money that the governor wants the state’s utilities to pony up for safety measures before tapping the fund. Under his proposal, PG&E would have to spend the most. The companies would also have to earn an annual certificate by tying executive compensation to safety performance; pass a “safety culture assessment” and comply with approved fire plans, among other things.There are parts of PG&E’s and Newsom’s proposals that appear to be perfectly aligned. PG&E is proposing to emerge from bankruptcy by March, and Newsom is calling for an exit by June. He also wants the company to settle its existing wildfire claims before gaining access to the fund, and PG&E’s bankruptcy plan would create a $14 billion fund to do just that.“That, to me, says they’re talking,” said Kit Konolige, a Bloomberg Intelligence utilities analyst.But if it’s any indication of how far along PG&E is in the settlement process, the company has only reached one major settlement from the last two fire seasons -- an agreement to pay $1 billion to 14 cities, counties and other local government agencies.Newsom said Friday that he remains concerned about the credit ratings of SoCalGas and SDG&E. S&P Global Ratings has warned that they both face downgrades below investment grade should California legislators fail to act. San Diego Gas & Electric said it’s working with the governor and lawmakers to get legislation passed by July 12, and Edison said it appreciates Newsom’s “continued sense of urgency.”PG&E said it’s “looking at all options when it comes to working with the governor and legislature.” On Friday, the company’s shareholders approved a new board crafted by hedge-fund investors that will now be responsible for steering the company through the largest utility restructuring in U.S. history.As for the legislature itself, Bill Dodd -- the California senator who has taken lead on wildfire issues -- stopped short of saying whether he would back Newsom’s plan on Friday. He instead offered up in a statement, “We look forward to carefully vetting the details of his draft and engaging in a collaborative process to develop a solution.”To contact the reporters on this story: David R. Baker in San Francisco at dbaker116@bloomberg.net;Mark Chediak in San Francisco at mchediak@bloomberg.net;Jeffrey Taylor in San Francisco at jtaylor48@bloomberg.netTo contact the editor responsible for this story: Lynn Doan at ldoan6@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters27 days ago

    California governor proposes $21 billion wildfire fund - media

    California Governor Gavin Newsom has proposed a fund of up to $21 billion to help utilities pay for future wildfire damage, according to media reports on Friday. The proposal by the state's Democratic governor follows the bankruptcy filing of San Francisco-based utility PG&E Corp, which anticipates $30 billion in liabilities from wildfires in 2017 and 2018 that have been blamed on its equipment. Newsom has proposed two models for the fund, according to media reports.