Edison International (EIX) has been causing a stir in the investment world as a top momentum stock. However, current situations have prompted investment entities like
Northwest & Ethical Investments L.P. to trim their holdings in EIX. Amid several shareholder alert announcements and investor lawsuits against the company,
Morgan Stanley has adjusted its price target for EIX. Regardless, Edison is still ranked among top dividend contenders. Notable investment entities, including
Intech Investment Management LLC and
Cibc World Markets Corp, have shown interest and increased their stakes in EIX. Despite challenges,
Edison International's EIX Q4 2024 earnings call indicated strong EPS performance, hinting that its future could be more promising than it seems. As Edison probes into the cause of the
Eaton Fire, the company has revealed significant grid upgrades. However, this news has been overshadowed by speculations about their decommissioned power line causing the fire.
EIX's Q4 earnings missed estimates, but revenues rose Y/Y, prompting
Intact Investment Management Inc. to purchase EIX shares. The company recently declared multiple dividend streams and issued FY 2025 earnings guidance, causing its shares to trade 5.5% higher.
Edison International EIX News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Sat, 22 Mar 2025 09:32:59 GMT -
Rating 0
- Innovation -1
- Information 10
- Rumor -5
