Edison International (EIX) remains a noteworthy topic among asset managers. Investment firms have been actively adjusting their holdings, including CHURCHILL MANAGEMENT Corp with a $5.21 million stake and Douglas Lane & Associates LLC that acquired 13,146 shares. Increased involvement is also seen from outfits like Nomura Holdings Inc., making new investments and HighPoint Advisor Group LLC purchasing 8,619 shares. However, contrary sentiments exist as American International Group Inc. and PNC Financial Services Group Inc. significantly decreased their stock positions. Edison's stock performance has oscillated, sometimes outperforming competitors despite losses. Alerts are raised about a slowdown in returns on capital. Nevertheless, the company's recent earnings reports and financial performance have been robust, with the Q1 2024 earnings call acknowledging progress. Notwithstanding its perceived growth, the firm's stock has under-performed on some days when compared to its competitors. Long-term investors view Edison International as a worthy stock, especially with a proven 8.3% CAGR over the last three years. The company misses profit estimates, however, due to wildfire claims, triggering a considerable wave of selling from groups like Northern Trust Corp.
Edison International EIX News Analytics from Fri, 28 Jul 2023 07:00:00 GMT to Sun, 23 Jun 2024 16:29:57 GMT -
Rating 5
- Innovation 4
- Information 7
- Rumor -3
