Aegis Wealth Management LLC,
Universal Beteiligungs und Servicegesellschaft mbH, and
Key Colony Management LLC have bought new positions in
Edison International (EIX). Simultaneously,
Drucker Wealth and
USS Investment Management Ltd have sold their stakes. EIX's shares dropped 3.01% on May 28.
Wildfires in Southern California had a significant impact on the company's Q1 performance.
Despite this, the company reported strong growth, leading analysts to label it as a strong growth stock. Multiple other firms including
111 Capital, Toronto Dominion Bank, and Woodline Partners LP, have also taken positions in EIX. The stock has been given an average recommendation of 'Moderate Buy' from brokerages.
Several financial corporations also grew their positions like
Mackenzie Financial Corp, and
Barrow Hanley Mewhinney & Strauss LLC. EIX also recently agreed to a $82.5M settlement over the Bobcat Fire. Amid potential threat of losses related to Eato and a negative rating watch faced by EIX and its utility partner
Southern California Edison, the company still offered multiple dividend streams and reported strong Q1 earnings surpassing estimates.
Edison International EIX News Analytics from Thu, 06 Feb 2025 08:00:00 GMT to Sat, 31 May 2025 22:48:30 GMT -
Rating 0
- Innovation -5
- Information 5
- Rumor -5
