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 19, 2024, EIX stock price climbed to $69.93 with 1,225,236 million shares trading.

EIX has a beta of 0.67, meaning it tends to be less sensitive to market movements. EIX has a correlation of 0.13 to the broad based SPY ETF.

EIX has a market cap of $26.89 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 has underperformed the market in the last year with a return of +1.2%, while the SPY ETF gained +21.2%. In the last 3 month period, EIX fell short of the market, returning +3.1%, while SPY returned +4.3%. However, in the most recent 2 weeks EIX has outperformed the stock market by returning +0.1%, while SPY returned -3.5%.

EIX support price is $67.20 and resistance is $69.06 (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.