EIX Stock Summary and Trading Ideas (Edison Intl | NYSE:EIX)

Edison International is the parent company of Southern California Edison, an electric utility that distributes electricity to 5 million customers in a 50,000-square-mile area of Southern California, excluding Los Angeles. Edison Energy owns interests in nonutility businesses that deal in energy-related products and services. In 2014, Edison International sold its wholesale power generation subsidiary Edison Mission Energy out of bankruptcy to NRG Energy.

Edison Intl trades on the NYSE stock market under the symbol EIX.

As of April 24, 2024, EIX stock price declined to $70.82 with 3,519,038 million shares trading.

EIX has a beta of 0.58, meaning it tends to be less sensitive to market movements. EIX has a correlation of 0.11 to the broad based SPY ETF.

EIX has a market cap of $27.23 billion. This is considered a Large Cap stock.

Last quarter Edison Intl reported $4 billion in Revenue and $1.28 earnings per share. This fell short of revenue expectation by $-384 million and exceeded earnings estimates by $.12.

In the last 3 years, EIX stock traded as high as $74.92 and as low as $54.14.

The top ETF exchange traded funds that EIX belongs to (by Net Assets): VTI, VOO, VO, SDY, XLU.

EIX stock has underperformed the market in the last year with a return of +1.3%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in EIX shares. However, EIX has outperformed the market in the last 3 month and 2 week periods, returning +6.8% and -0.1%, while SPY returned +4.6% and -2.7%, respectively. This indicates EIX has been having a stronger performance recently.

EIX support price is $69.84 and resistance is $71.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EIX stock will trade within this expected range on the day.