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Edison International EIX

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Edison's Updated Growth Outlook in Line With Our Estimate; Remains Top Utilities Pick

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our $70 fair value estimate for Edison International after management initiated a 5%-7% annual earnings growth outlook for 2021-25, in line with our estimate. Management also initiated 2021 earnings per share guidance of $4.42-$4.62, which is slightly higher than our estimate but not enough to affect our fair value estimate. We are maintaining our narrow moat and stable moat trend ratings.

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Company Profile

Business Description

Edison International is the parent company of Southern California Edison, an electric utility that supplies power 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 generation subsidiary Edison Mission Energy out of bankruptcy to NRG Energy.

Contact
2244 Walnut Grove Avenue, P.O. Box 976
Rosemead, CA, 91770
T +1 626 302-2222
Sector Utilities
Industry Utilities - Regulated Electric
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type High Yield
Employees 13,351

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