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EIX $70.85

EIX target price
70.85
0
82
Edison International
Type
Public
Traded as NYSE: EIX
DJUA Component
S&P 500 Component
Industry utilities
Founded 1886; 131 years ago (1886)
Headquarters Rosemead, California, U.S.
Key people
Theodore F. Craver, Jr.
(Chairman and CEO)
Products electricity, energy solutions
Revenue $12.6 billion (2013)Decrease12.4%
Net income
$849 million (2013)Decrease30%
Total assets $41.44 billion (2013)
Number of employees
16,677 2013
Subsidiaries S.California Edison (SCE)
Edison Energy
Website www.edison.com

Edison International is a public utility holding company based in Rosemead, California. Its subsidiaries include Southern California Edison, and un-regulated non-utility business assets Edison Energy. Edison's roots trace back to Holt & Knupps, a company founded in 1886 as a provider of street lights in Visalia, California.

The company was first incorporated in 1909 as Southern California Edison Company after Southern California acquired the assets of Edison Electric Company; it was known as Southern California Edison until 1996 when it adopted its current name in recognition of its growing business abroad and in other industry sectors. Edison first became a holding company in 1988 when it made a small change to its original name, becoming known as SCEcorp.

In 2001 Edison's main holding, Southern California Edison faced bankruptcy after a state senate bill regarding financial assistance came up short (by $1 billion).

On August 6, 2002, Edison International recorded core earnings per share of 56 cents in the second quarter of 2002.

In November 2010 Edison sold its 48% interest in the Four Corners coal-fired power plant in New Mexico (units 4 and 5 while units 1,2 and 3 will be closed because of being older) for $294 million to Pinnacle West Capital Corp (of Arizona Public Service). The move was the direct result of a new California law requiring utility companies to exit coal-fired power production (even the renewing of contracts is disallowed), and forces Edison to purchase more power from the market.

San Onofre Nuclear Generating Station Unit 2 shut in early January 2012 for refueling and replacement of the reactor vessel head. Both reactors at San Onofre have been shut since January 2012 due to premature wear found on tubes in massive steam generators installed in 2010 and 2011.

In April 2012, in a sign of mounting concern over the shutdown, the top U.S. nuclear official, Gregory Jaczko, toured the facility with Senator Dianne Feinstein, a Democrat, and U.S. Representative Darrell Issa, a Republican. In June, 2013, the company announced it would permanently shut down operations at the plant, the beginning of a multi-year decommissioning process at the site.

At least 21% of the fuel Southern California Edison uses to generate power comes from clean energy (half of that nuclear power, the other half renewable energy sources ranging from biomass to wind). The group is a major player in Southern California where it provides 13 million people with electricity.

Southern California Edison began to focus on renewable energy in 1980.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2022 2023-02-23 Future report Set alerts
Q3 2022 2022-11-01 1.48 1.48
Q2 2022 2022-07-28 0.94 0.94
Q1 2022 2022-05-03 1.07 1.07
Q4 2021 2022-02-24 1.16 1.16
Q3 2021 2021-11-02 1.69 1.69
Q2 2021 2021-07-29 0.94 0.94
Q1 2021 2021-04-27 0.79 0.79
Q4 2020 2021-02-25 1.19 1.19
Q3 2020 2020-10-27 1.67 1.67

Ratings

2016-07-11 Reiterated Rating Jefferies Group Hold
2016-07-06 Downgrade Evercore ISI Buy to Hold $70.00 to $79.00
2016-07-05 Reiterated Rating Argus Buy $83.00 to $86.00
2016-05-03 Boost Price Target Jefferies Group Hold $66.00 to $72.00
2016-05-02 Reiterated Rating BMO Capital Markets Buy
2016-04-20 Boost Price Target Argus Buy $76.00 to $81.00
2016-04-18 Downgrade Deutsche Bank Buy to Hold $67.00 to $71.00
2016-04-18 Downgrade Deutsche Bank AG Buy to Hold $67.00 to $71.00
2016-04-01 Downgrade Goldman Sachs Buy to Neutral $69.00 to $74.00
2016-04-01 Downgrade Goldman Sachs Group Inc. Buy to Neutral $69.00 to $74.00
2016-03-14 Boost Price Target SunTrust Buy $74.00 to $78.00
2016-03-14 Boost Price Target SunTrust Banks Inc. Buy $74.00 to $78.00
2016-03-03 Reiterated Rating Argus Buy $69.00 to $76.00
2016-02-26 Boost Price Target Goldman Sachs Buy $66.00 to $69.00
2016-02-26 Boost Price Target Deutsche Bank Buy $65.00 to $67.00
2016-02-26 Boost Price Target BMO Capital Markets Outperform $70.00 to $72.00
2016-02-24 Boost Price Target Mizuho Neutral $60.00 to $69.00
2016-02-24 Reiterated Rating SunTrust Buy $71.00 to $74.00
2016-02-24 Boost Price Target Barclays Equal Weight $63.00 to $68.00
2016-02-24 Boost Price Target Barclays PLC Equal Weight $63.00 to $68.00
2016-01-27 Lower Price Target Deutsche Bank Buy $66.00 to $65.00
2016-01-26 Upgrade Evercore ISI Hold to Buy
2016-01-24 Reiterated Rating Barclays Hold
2016-01-22 Lower Price Target Barclays Equal Weight $65.00 to $63.00
2016-01-11 Upgrade Tudor Pickering Accumulate to Buy
2016-01-04 Lower Price Target Barclays Equal Weight $66.00 to $65.00
2015-11-23 Reiterated Rating Sanford C. Bernstein Outperform
2015-11-06 Upgrade Wolfe Research Peer Perform to Outperform
2015-11-06 Lower Price Target Barclays Equal Weight $68.00 to $66.00
2015-10-29 Downgrade Citigroup Inc. Buy to Neutral $68.00 to $65.00
2015-10-28 Downgrade Guggenheim Buy to Neutral
2015-10-28 Downgrade Evercore ISI Buy to Hold $65.00
2015-10-28 Downgrade Barclays Overweight to Equal Weight $68.00
2015-10-19 Reiterated Rating SunTrust Buy $67.00 to $71.00
2015-10-16 Downgrade Jefferies Group Buy to Hold $66.00 to $67.00
2015-09-22 Reiterated Rating Deutsche Bank Buy $68.00
2015-09-18 Initiated Coverage Citigroup Inc. Buy $68.00
2015-09-11 Lower Price Target SunTrust Buy $67.00 to $64.00
2015-08-27 Upgrade Evercore ISI Hold to Buy $63.00 to $65.00
2015-08-21 Upgrade Deutsche Bank Hold to Buy $62.00 to $68.00
2015-08-11 Downgrade Deutsche Bank Buy to Hold $68.00 to $62.00
2015-08-03 Reiterated Rating Argus Buy $66.00 to $69.00
2015-07-10 Reiterated Rating Jefferies Group Buy $69.50 to $66.50
2015-07-07 Lower Price Target Argus Buy $72.00 to $66.00
2015-06-29 Initiated Coverage Mizuho Neutral $60.00
2015-06-26 Reiterated Rating Barclays Buy
2015-06-26 Reiterated Rating Deutsche Bank Buy $68.00
2015-06-25 Lower Price Target Barclays Overweight $66.00 to $62.00
2015-06-11 Upgrade Guggenheim Neutral to Buy $64.00
2015-06-08 Lower Price Target SunTrust Buy $70.00 to $66.00
2015-04-29 Set Price Target Barclays Average to Overweight $72.00 to $66.00
2015-04-23 Lower Price Target Jefferies Group Buy $70.00 to $67.50
2015-04-21 Initiated Coverage Guggenheim Neutral
2015-04-13 Lower Price Target Argus Buy $75.00 to $72.00
2015-02-25 Reiterated Rating Deutsche Bank Buy $69.00
2015-02-23 Initiated Coverage Jefferies Group Buy
2015-01-26 Boost Price Target Barclays Overweight $67.00 to $72.00
2015-01-13 Reiterated Rating Evercore ISI Buy to Hold $59.00 to $67.00
2015-01-12 Downgrade Morgan Stanley Overweight to Equal Weight
2015-01-09 Upgrade RBC Capital Sector Perform to Outperform $66.00 to $74.00
2015-01-09 Upgrade Royal Bank Of Canada Sector Perform to Outperform $66.00 to $74.00
2015-01-05 Boost Price Target Argus Buy $70.00 to $75.00
2014-12-17 Boost Price Target Deutsche Bank Buy $64.00 to $69.00
2014-12-12 Boost Price Target Barclays Overweight $64.00 to $67.00
2014-11-27 Reiterated Rating Morningstar Standard
2014-11-27 Reiterated Rating Morningstar Inc. Standard
2014-10-30 Boost Price Target Argus Buy $65.00 to $70.00
2014-10-29 Reiterated Rating Barclays Overweight $62.00 to $64.00
2014-10-29 Reiterated Rating Deutsche Bank Buy $64.00 to $62.00
2014-10-29 Reiterated Rating Credit Suisse Neutral $58.00 to $62.00
2014-10-29 Reiterated Rating Credit Suisse Group AG Neutral $58.00 to $62.00
2014-09-10 Boost Price Target SunTrust $62.00 to $63.00
2014-09-02 Boost Price Target SunTrust $61.00 to $62.00
2014-08-22 Upgrade BMO Capital Markets Market Perform to Outperform $59.00 to $64.00
2014-07-25 Upgrade Argus Hold to Buy $65.00
2014-07-21 Reiterated Rating CRT Capital Fairly Valued $57.00 to $60.00
2014-07-09 Lower Price Target Jefferies Group Buy $65.00 to $64.00
2014-05-02 Boost Price Target RBC Capital $52.00 to $59.00
2014-05-01 Boost Price Target Jefferies Group $64.50 to $65.00
2014-04-30 Boost Price Target Barclays Overweight $58.00 to $64.00
2014-04-23 Reiterated Rating Deutsche Bank Buy $62.00
2014-04-17 Upgrade Jefferies Group Hold to Buy $61.00 to $64.50
2014-04-02 Downgrade Argus Buy to Hold
2014-04-01 Boost Price Target Goldman Sachs Buy $53.00 to $57.00
2014-03-31 Upgrade UBS Neutral to Buy $57 to $60
2014-03-31 Boost Price Target Jefferies Group Hold $51.00 to $61.00
2014-03-28 Boost Price Target Deutsche Bank Buy $53.00 to $58.00
2014-03-28 Reiterated Rating Morgan Stanley Overweight $58.00
2014-03-28 Boost Price Target Barclays Overweight $54.00 to $58.00
2014-03-21 Boost Price Target Evercore ISI $54.00 to $58.00
2014-02-27 Boost Price Target BMO Capital Markets $50.00 to $53.00
2014-02-27 Boost Price Target RBC Capital $49.00 to $52.00
2014-02-26 Boost Price Target Deutsche Bank $52.00 to $53.00
2014-02-26 Boost Price Target Barclays $53.00 to $54.00
2014-02-20 Boost Price Target Jefferies Group $47.00 to $52.00
2014-01-27 Upgrade Jefferies Group Underperform to Hold $41.50 to $47.00
2014-01-24 Boost Price Target Jefferies Group $40.50 to $41.50
2014-01-14 Upgrade Evercore ISI Neutral to Buy
2013-12-19 Initiated Coverage Tudor Pickering Accumulate
2013-12-02 Lower Price Target Barclays Overweight $53.00 to $50.00
2013-11-05 Initiated Coverage CRT Capital Fair Value
2013-10-30 Reiterated Rating Deutsche Bank Buy $52.00
2013-10-07 Upgrade Argus Hold to Buy $46.35 to $57.00
2013-06-10 Reiterated RBC Capital Mkts Sector Perform $54 to $52
2013-04-17 Reiterated
2012-08-21 Downgrade Argus Buy to Hold
2016-07-11 Reiterated Rating Jefferies Group Hold
2016-07-06 Downgrade Evercore ISI Buy to Hold $70.00 to $79.00
2016-07-05 Reiterated Rating Argus Buy $83.00 to $86.00
2016-05-03 Boost Price Target Jefferies Group Hold $66.00 to $72.00
2016-05-02 Reiterated Rating BMO Capital Markets Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
CRAVER THEODORE F JR Chairman, President and CEO 0.09%  (287168) DUK / EIX / HNT / WFC /
PIZARRO PEDRO President So. Cal. Edison Co. 0.01%  (45948) EIX /
Gault Polly L Executive Vice President 0.01%  (28978) EIX /
SUTTON THOMAS C 0.01%  (26522) EIX /
Adler Robert L Exec. VP and General Counsel 0.01%  (19160) EIX /