Investment bank Barclays has upgraded its stock rating for Edison International (NYSE:EIX), which outperformed competitors on a recent trading day. Edison International is being hailed as a top value stock with strong potential for long-term growth. The firm significantly raised its common stock dividend by 6.1%, continuing a 21-year trend of annual increases. Edison's Q3 2024 earnings have indicated a robust EPS performance, suggesting good news for current investors, some of whom have seen a 41% return from the previous year. JP Morgan Chase & Co have, however, decided to lower their stock holdings, and principal financial group strengthens their position. The firm is on the path to becoming a Dividend Aristocrat due to its consistent increase in dividends. Edison International's Q3 earnings surpassed estimates with revenues witnessing year over year growth. A strategic grid expansion initiative has been flagged as a possible driver for future growth. Despite certain threats like wildfire risks, Edison International has been able to successfully navigate these, pushing towards a clean energy future. Additionally, Edison International seems to be a hot favorite among hedge funds as an alternative energy stock to buy.
Edison International EIX News Analytics from Thu, 02 Jun 2022 07:00:00 GMT to Fri, 03 Jan 2025 22:03:00 GMT - Rating 8 - Innovation 7 - Information 5 - Rumor 6
