Why Edison International Stock Withered on Wednesday
He maintained his neutral recommendation, however. The stock is still reeling from recent legislative developments in its home state.
He maintained his neutral recommendation, however. The stock is still reeling from recent legislative developments in its home state.
PG&E stock rises after a report that California lawmakers kill a key wildfire bill that didn't include liability protection for utilities.
Wall Street analysts reshuffled their ratings on September 1st with some dramatic target price swings, including one major utility stock getting its target slashed nearly in half while a red-hot language app saw its target doubled overnight.
California wildfire legislation sharply increases liability risk for utilities like PG&E (PCG) and Edison International (EIX), triggering major stock selloffs. Shares of fast-fashion giant Shein slide in Hong Kong after long-awaited IPO.
California will not forbid insurers filing subrogation lawsuits against electric utilities that cause wildfires. Gov. Newsom had backed the proposal that legislators just shot down.
California utility stocks are cratering Monday after state lawmakers advanced an amended wildfire bill over the weekend that omits the liability protections investors had counted on this legislative session.
Deal manages liability cost impacts caused by California's rising wildfire threat.
Rate hike fears rattled markets heading into the Labor Day weekend, and Wall Street analysts responded with a flurry of bold calls on utilities, farm equipment giants, and a ticketing upstart that could reshape your portfolio heading into a volatile fall.
Californians need durable wildfire reform that protects fire survivors, keeps bills affordable and supports critical investments required to make the grid safer
ROSEMEAD, Calif.--(BUSINESS WIRE)--The board of directors of Edison International (NYSE: EIX) today declared a semi-annual dividend of $25.00 per share on the 5.00% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series B, payable Sept. 15, 2026, to shareholders of record on Sept. 1, 2026. Additionally, the board of directors of Southern California Edison today declared the following quarterly dividends, payable on Sept. 15, 2026, to shareholders of record on Sept. 14, 2026, on the: Seri.
ROSEMEAD, Calif.--(BUSINESS WIRE)--Millions of Southern California Edison customers are receiving a combined $72 credit on their summer electricity bills, applied automatically during August and September when energy use is high. No action is required to receive the climate credit, which the California Public Utilities Commission shifted to peak summer months this year to help provide bill relief when it's needed most. The credit adds to a year of savings for SCE customers, with rates down an a.
Bank of Nova Scotia acquired a new stake in shares of Edison International (NYSE: EIX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 168,606 shares of the utilities provider's stock, valued at approximately $12,553,000. Other large investors have also modified their
EP Wealth Advisors LLC acquired a new stake in Edison International (NYSE: EIX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,958 shares of the utilities provider's stock, valued at approximately $1,709,000. Several other hedge
Allworth Financial LP bought a new position in Edison International (NYSE: EIX) in the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 34,730 shares of the utilities provider's stock, valued at approximately $2,586,000. A number of other institutional investors
Southern California Edison today announced a series of additional events in August where community members directly impacted by the Eaton Fire can learn more ab
Every month, we screen for high-yield dividend growth stocks with safety, growth and consistency as part of the screening process. This process often results in several REITs making the top of the list thanks to the structure requiring paying out most of their earnings. With that, we have a new REIT name making the list this month, one that has now been growing its dividend for the last few years, again.
Edison International preferreds offer yield diversification beyond typical financial sector issuers, appealing to investors comfortable with California-only electric utilities. EIX's preferred stock dividends are well-covered, with $107MM in obligations versus $2.9B in net income, and preferreds constitute just 3.1% of the capital structure. The recent credit rating downgrade from BBB to BB explains higher coupons on new SCE preferred issues, reflecting increased perceived risk.
Amazon (AMZN) faces a New York City bill that could fundamentally alter its last-mile delivery model, requiring direct employment of delivery workers. Edison International (EIX) received a favorable tentative court ruling, reducing immediate liability risk from the 2025 Eaton Fire litigation.
A California judge tentatively denied a request to hold Southern California Edison, a unit of Edison International , automatically liable for billions of dollars in property losses from the Eaton wildfire, Bloomberg News reported on Tuesday.
Income investors do not all want the same thing. Some want a REIT dividend that grows steadily and sleeps well at night.