64.70 +0.01 (0.02%)
Pre-Market: 4:15AM EDT
|Bid||61.71 x 1400|
|Ask||0.00 x 1000|
|Day's Range||64.64 - 66.29|
|52 Week Range||45.50 - 71.00|
|Beta (3Y Monthly)||-0.07|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 29, 2019 - May 3, 2019|
|Forward Dividend & Yield||2.45 (3.87%)|
|1y Target Est||68.07|
(Bloomberg) -- It’s inevitable. Every year, big swaths of California will burn. The question now that spring is here is how bad it will be.
The San Onofre Community Engagement Panel will discuss improvements made to fuel transfer operations at the San Onofre nuclear plant since the Aug. 3 canister-downloading incident during its quarterly meeting March 28 in Laguna Hills. Fuel transfer operations at San Onofre have been on hold since Aug. 3 when a canister that was being downloaded became wedged near the top of a cavity enclosure container (CEC) on the dry cask storage pad. The slings that support the canister during downloading continued to be lowered while the canister remained wedged.
We keep in our thoughts all those who have been affected by wildfires. The devastating loss of lives, homes and businesses is tragic, and SCE will continue to provide assistance and support to those affected by wildfires. SCE believes evidence shows there were at least two separate ignitions on Dec. 4, 2017, that led to two fires that together have been commonly referred to as the Thomas Fire — one in the Anlauf Canyon area of Ventura County and another near Koenigstein Road in the city of Santa Paula.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Edison International (EIX) have what it takes? Let's find out.
Moody's Investors Service has affirmed the A3 rating on the City of Colton, California's Electric Enterprise revenue bonds. Today's rating action reflects Moody's view that the utility's operating environment in California has become more challenging as legislators and other policy makers look for viable alternatives around laws and proceedings involving the application of inverse condemnation while simultaneously balancing the potential impact on municipal utilities and ratepayers. The potential risk of wildfires related to inverse condemnation could materially impact the utility long-term as the frequency and intensity of these fires increase, coupled with subsequent mudslides that often follow when heavy rains occur after a fire.
AEP, EXC, and Other Utilities: Analysts’ Views and Price Targets(Continued from Prior Part)Sempra Energy Analysts have given Sempra Energy (SRE) stock a median target price of $128.40 compared to its current market price of $124.45, indicating a
(Bloomberg) -- It’s Day 4 of CERAWeek by IHS Markit, the annual week-long gathering in Houston of some of the energy industry’s biggest names. Today’s agenda includes offshore wind, Latin American power auctions, electric vehicles and coal’s challenges.
Another day, another win for the market. The S&P 500 gained another 0.69% yesterday, stopping short of reclaiming the multi-week high it brushed early this month.General Electric (NYSE:GE) set the pace, gaining 2.7% in front of today's investor presentation and despite the fact that it's a supplier to the now-grounded Boeing 737 jets. Even so, Boeing (NYSE:BA) managed to make a small gain on Wednesday, following a couple days' worth of serious, related damage.At the other end of the spectrum, Roku (NASDAQ:ROKU) tumbled 14.1% after Loop Capital downgraded the TV-tech company on concerns that it was overvalued relative to its potential.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHeaded into Thursday's action, the stock charts of Franklin Resources (NYSE:BEN), Edison International (NYSE:EIX) and Viacom (NASDAQ:VIAB) are worth a closer look. They've each worked their way into a technical situation that could fuel major movement in the very near future. Viacom (VIAB)The bulls have been doing their best to get Viacom shares back into a bullish groove since January, but it has just not happened. * 15 Stocks Sitting on Huge Piles of Cash As of Wednesday, however, the bears are actually gaining ground at the bulls' expense. A tough session has dragged VIAB to the brink of a pretty serious collapse, against a backdrop of multiple red flags. Click to Enlarge • Two big red flags are December's cross of the 50-day moving average line below the white 200-day line and this month's cross of the gray 100-day moving average below the 200-day average.• The line in the sand is $28.30, plotted with a yellow dashed line. That's where Viacom shares have found a floor since January, and they were testing that floor as of Wednesday.• Yesterday's volume surge is also a concern. A lot of sellers came out of the woodwork in a hurry on relatively tame news that AT&T was dropping some Viacom content from its DirecTV offering. Edison International (EIX)Sometimes it's not a chart's action that's telling, but how that stock reacts to a curveball.That's what makes Edison International so interesting headed into Thursday's trading action. Following word that the utility company is at least partially responsible for 2017 wildfires, a big holder sold a huge stake very late in the day on Wednesday. Before the closing bell rang, though, a huge buy-in recouped all of the intraday loss and then some. Click to Enlarge • That big stumble may have flushed out the weak hands, actually clearing the decks for a continued rally.• Monday's cross above the white 200-day moving average line is a buy signal in and of itself, but yesterday's intraday rebound confirms it.• The next big technical hurdle is around $70.80, plotted with a yellow dashed line, where shares peaked in October. Franklin Resources (BEN)It has been a choppy, inconsistent effort for the past several weeks, but there's a method to the madness. And, as of this week, the tide may have officially turned for the better. Although the stock may once again pull back from this week's strength, Franklin Resources is no longer bumping into resistance, and it's finding plenty of support for the first time in a long while.It took a couple of efforts, but thanks to this week's strength, BEN is back above the white 200-day moving average line. Click to Enlarge • This time, however, it crossed back above the long-term indicator by pushing up and off the purple 50-day and gray 100-day moving average line.• Although difficult to ferret out, both the accumulation-distribution line and the Chaikin line on the weekly chart confirm there's good bullish interest here. The volume has been especially bullish the past four trading days.• The clincher will be the 50-day moving average line's cross above the 200-day moving average, though there's still room for a pullback between now and then.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 * 5 of the Best Stocks to Buy Under $10 * 7 Retail Stocks Winning in 2019 and Beyond * The 10 Best Stocks to Buy for the Bull Market's Anniversary Compare Brokers The post 3 Big Stock Charts for Thursday: Viacom, Franklin Resources and Edison International appeared first on InvestorPlace.
The devastating Thomas Fire that killed two people and destroyed more than 1,000 structures northwest of Los Angeles in December 2017 was sparked by power lines owned by Southern California Edison Co, fire officials said on Wednesday. An investigation of the fire's origins found that high winds blew Edison power lines into one another, creating an electrical arc that "deposited hot, burning or molten material" into dry vegetation on the ground, setting off the blaze, the Ventura County Fire Department said in a statement. In a 70-plus page report, investigators also cited several possible criminal violations by Edison in connection with the fire, including involuntary manslaughter, reckless arson and a health-safety code breach for carelessly or negligently causing a fire.
The devastating Thomas Fire that killed two people and destroyed more than 1,000 structures northwest of Los Angeles in December 2017 was sparked by power lines owned by Southern California Edison Co , fire officials said on Wednesday. An investigation of the fire's origins found that high winds blew Edison power lines into one another, creating an electrical arc that "deposited hot, burning or molten material" into dry vegetation on the ground, setting off the blaze, the Ventura County Fire Department said in a statement. In a 70-plus page report, investigators also cited several possible criminal violations by Edison in connection with the fire, including involuntary manslaughter, reckless arson and a health-safety code breach for carelessly or negligently causing a fire.
LOS ANGELES (AP) — One of the largest fires in California history was sparked by Southern California Edison power lines that came into contact during high winds, investigators said Wednesday.
Southern California Edison believes evidence shows there were at least two separate ignitions on Dec. 4, 2017, that led to the two fires that together are commonly referred to as the Thomas Fire — one in the Anlauf Canyon area of Ventura County and another near Koenigstein Road in the city of Santa Paula. SCE provided evidence to CAL FIRE and Ventura County Fire Department (VCFD) that indicates fire was burning in Anlauf Canyon at least 15 minutes prior to the start time indicated by VCFD.
The devastating Thomas Fire that killed two people and destroyed more than 1,000 structures northwest of Los Angeles in December 2017 was sparked by power lines owned by Southern California Edison Co , the Ventura County Fire Department said on Tuesday. An investigation of the fire's origins found that high winds blew Edison power lines into one another, creating an electrical arc that "deposited hot, burning or molten material" into dry vegetation on the ground, setting off the blaze, the department said in a statement.
Southern California Edison Co. agreed to pay higher interest rates Tuesday to borrow money than it did last year, underscoring the continuing fallout from the wildfires that forced a rival utility into bankruptcy. After first reaching out to debt investors on Friday, the Rosemead, Calif.-based company sold $1.1 billion of 10- and 30-year secured bonds Tuesday afternoon, meeting strong demand from investors lured by unusually high yields for utility-company debt. Southern California Edison sold $500 million of 10-year bonds at a 1.65 percentage-point yield premium, or spread, to Treasurys, along with $600 million of 30-year bonds at a 1.9 percentage-point spread.
How Utilities Performed Last Week(Continued from Prior Part)Dividend growthUtilities at large have grown at about 4% compounded annually in the last five years, which facilitated their dividend growth around similar levels in this period. However,
Moody's Investors Service ("Moody's") downgraded to Baa2 from Baa1 the rating assigned to the senior secured debt of Solar Star Funding, LLC (Solar Star) due 2035. Today's rating action is driven entirely by the further weakening of Southern California Edison Company's (SCE) credit profile which was downgraded to Baa2 on March 5, 2019 and has a negative outlook. SCE's credit quality serves as a cap to Solar Star's rating since the project derives all of its revenue and cash flow under a long-term power purchase and sales agreement (PPA) with SCE that expires in July 2035.
Moody's Investors Service ("Moody's") today downgraded Edison International's (Edison) ratings, including senior unsecured rating to Baa3 from Baa1 and the ratings of its principal subsidiary Southern California Edison Company (SCE) including its senior unsecured rating to Baa2 from A3. At the same time, we have downgraded Edison's short-term ratings for commercial paper to P-3 and affirmed SCE's at P-2.
The long-term future for California utility stocks is riding on the state’s willingness and ability to reform inverse condemnation laws, according to a Wells Fargo analyst — and he's not hopeful. The ...
NEW YORK, March 04, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Edison International (EIX) and Southern California Edison announced that Jeanne Beliveau-Dunn has been elected to the board of directors of each company, effective today. “Jeanne’s expertise in using technology for digital transformation will be valuable to our boards,” said Bill Sullivan, chair of the Edison International board of directors. “Jeanne is a leading expert on digitization and the workforce of the future, and she is a pioneer in many areas of the technology industry,” said Pedro Pizarro, president and chief executive officer of Edison International.
Edison International today reported fourth quarter 2018 net loss of $1.4 billion, or $4.39 loss per share, compared to net loss of $545 million, or $1.67 loss per share, in the fourth quarter 2017.
The Board of Directors of Edison International today declared a quarterly common stock dividend of $0.6125 per share, payable on April 30, 2019, to shareholders of record on March 29, 2019.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why itRead More...