Edison International (EIX) has experienced a series of notable financial events according to recent news events. It reached a new 52-week high at $76.60 and investors who invested in the company three years ago saw a 57% increase in value.
Norges Bank acquired close to 3 million shares, highlighting growing interest in this utility company. However, it reported underperformance in comparison to competitors on several days.
Dimensional Fund Advisors and
Envestnet Portfolio Solutions trimmed stock positions while
Meridian Wealth Management and
Janney Montgomery Scott boosted holdings. Q2 2024 Earnings are predicted to stand at $1.04 per share, and its Q1 earnings topped previous forecasts.
Mizuho increased the price target for EIX to $85.00. Despite selling a significant portion of his company shares, the CEO of Edison International remains optimistic in the company's growth performance. EIX announced a dividend increase of 5.8%, marking its 20th consecutive annual increase. Reports indicate that the company missed Q1 2024 earnings expectations but maintains strong relationships with institutional investors.
Edison International EIX News Analytics from Fri, 28 Jul 2023 07:00:00 GMT to Thu, 23 May 2024 19:42:17 GMT -
Rating 6
- Innovation 3
- Information 8
- Rumor -5
