Intech Investment Management LLC and
Acadian Asset Management LLC have increased their respective holdings in
Edison International (EIX), while Hsbc Holdings PLC maintains $148.77 million stock holdings in the company. EIX has also seen moderate interest from
Massachusetts Financial Services Co. and
State of New Jersey Common Pension Fund. The company recently reported promising Q2 2024 earnings, surpassing expert estimates, with figures demonstrating a year-over -year increase in both earnings and revenues. Edison International has also sought recovery for its
wildfire-related losses by investing aggressively in safety measures. EIX has declared dividends for Q2 and Q3 and is focusing on strategic growth plans that include load growth applications to regulators. Driven by its plans, Edison International has been outperforming the NASDAQ. Moreover, Edison International has been given an average recommendation of 'Moderate Buy' by brokerages, strengthening its momentum as a long-term stock.
Bank of America has restarted its coverage on Edison International with a Buy rating, raising the price target from $82 to $97. Notably, the company has announced that it has met its EPS expectations for Q2 and that its dividends have consistently offered over 3% returns.
Edison International EIX News Analytics from Wed, 01 Nov 2023 07:00:00 GMT to Sun, 22 Sep 2024 11:44:58 GMT -
Rating 8
- Innovation 5
- Information 3
- Rumor -5
