Edison International has been experiencing mixed financial contributions despite potential growth, as reflected in the recent stock activities and investments made by various groups. Major investments were made by
Norden Group LLC, AIA Group Ltd, and Texas Permanent School Fund Corp. The company declared its Q2 dividend, even as
Csenge Advisory Group and
Geneos Wealth Management Inc. increased their stakes in Edison. The first quarter 2024 results noted a missed expectation, affecting stock performance, which was still underperforming against competitors. Analyst consensus currently holds the stock at “Hold”. Key takeaways include a 57% return on those who invested three years ago, 8.3% CAGR for shareholders over the last three years, and recent purchasing of shares by
Retirement Systems of Alabama and
Sumitomo Mitsui Trust Holdings Inc.. Moves were made by other groups in adjusting their stakes in Edison and the company's dividend analysis proved beneficial. Unfortunately, fourth quarter and full-year 2023 results missed expectations again. The CEO compensation seems fair for the time being and there's an advisory for an upcoming conference call to discuss second-quarter 2024 financial results. On a positive note, there's a continuous increase of Edison International's common stock dividend - with a 20th consecutive annual increase and reducing short interest. The issuance of $500M in senior notes was deemed a significant move, coupled with investments in long-term development.
Edison International EIX News Analytics from Thu, 27 Jul 2023 07:00:00 GMT to Sat, 13 Jul 2024 15:09:43 GMT -
Rating 0
- Innovation 6
- Information 7
- Rumor 3
