New insider activity at Edison International ( (EIX) ) has taken place on March 8, 2025.
Director Jeanne Beliveau-Dunn recently sold 3,288 shares of Edison International stock, amounting to a total transaction value of $178,637.
Recent Updates on EIX stock
In the past 24 hours, Edison International’s stock has been influenced by several key developments. Mizuho and Barclays both lowered their price targets for Edison International, citing concerns over the financial impact of the Southern California wildfires and the associated liabilities. Mizuho’s adjustment was driven by the aftermath of the Los Angeles fires and the need for legislative solutions to address liability issues, while Barclays noted limited visibility despite an increase in core earnings plans. Edison International’s recent earnings call highlighted strong financial performance and regulatory achievements, including a 6.1% dividend increase and significant progress in wildfire mitigation efforts. However, ongoing challenges related to wildfire claims and the need for legislative measures to mitigate financial uncertainties were also emphasized. Guggenheim expressed a neutral stance but acknowledged the company’s confidence in its wildfire constructs, which has led to a 7% increase in stock price to $54.80. Overall, the focus remains on managing wildfire-related risks and ensuring financial stability through regulatory support.
More about Edison International
YTD Price Performance: -30.28%
Average Trading Volume: 5,129,874
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $21.25B
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