Edison International (EIX) Quote - XNYS | Morningstar

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California Budget Proposal Illustrates Upside for Top Pick Edison International

Strategist Travis Miller

Travis Miller Strategist

Analyst Note

| Travis Miller | Jan 12, 2022

We are reaffirming our $71 fair value estimate for Edison International after California Governor Gavin Newsom unveiled his state budget proposal loaded with funding for clean energy investments. We are reaffirming our narrow moat and stable moat trend ratings for Edison.

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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

Sam.Ramraj@EdisonIntl.com

Sector Utilities

Industry Utilities - Regulated Electric

Most Recent Earnings Sep 30, 2021

Fiscal Year End Dec 31, 2021

Stock Type High Yield

Employees 13,351

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