Edison International (EIX) has witnessed considerable movements and transactions in its stock, according to multiple market reports. There has been a significant surge in activity from financial giants like
UBS Group AG and
PNC Financial Services Group Inc., which have sold several shares of EIX. Meanwhile, institutions like
Norges Bank and Meridian Wealth Management LLC have increased their stakes substantially. Particularly encouraging for investors is the suggested positive return on equity (ROE) and a beneficial long-term growth picture. EIX underperformed in certain days, but its stock hit a new 52-week high at
$76.60. Analysts' projection points towards future earnings of
$1.04 and
$1.72 per share in Q2 2024 and Q3 2025 respectively. Surprisingly, EIX's CEO has reportedly sold a large amount of stock. While some speculate increased wildfire risks as a potential threat, Wells Fargo recently upgraded EIX to an 'Overweight' status. EIX's dividend track represents another attractive point, with a recent hike of
5.8%. Yet, there are voices advocating caution stressing potential overuse of debt by EIX.
Edison International EIX News Analytics from Thu, 07 Sep 2023 07:00:00 GMT to Sun, 26 May 2024 16:11:59 GMT -
Rating 5
- Innovation 1
- Information 7
- Rumor -4
