Core Insights - Edison International is addressing the aftermath of the Eaton fire, which may have been caused by its equipment, and is working on a wildlife compensation fund to support affected victims [2][3][4] Company Actions - The company has launched a wildfire recovery compensation program allowing impacted individuals to file claims directly, with an expedited process for offers within 90 days [5][6] - Edison International has engaged experts to design the compensation program, aiming to attract a significant number of claims from eligible properties [6][7] Risk Mitigation Efforts - The company acknowledges that wildfire risk will increase, with predictions of a 20% rise in wildfire ignitions in California by 2050 [10] - Edison International has been proactive in redesigning its infrastructure, with 27% of its 50,000 square miles territory classified as high fire risk, and has replaced 6,800 miles of overhead bare wire with insulated wire to mitigate risks [11][12] Regulatory Environment - The state has implemented laws such as AB 1054 and SB 254 to establish clear wildfire mitigation plans and liability caps for utilities, balancing accountability and financial health [14][15] - A new study is mandated to assess building codes, insurance access, and the broader economic impacts of wildfire risks, recognizing that utilities should not bear the catastrophic risk alone [16][17]

Core Insights - During market turbulence, investors often seek dividend-yielding stocks, which typically have high free cash flows and offer substantial dividends [1] Company Ratings and Performance - **Edison International (NYSE:EIX)**: - Dividend Yield: 5.85% - Analyst Paul Fremont from Ladenburg Thalmann maintained a Neutral rating and raised the price target from $52.5 to $55 on Oct. 30, 2025, with an accuracy rate of 62% [7] - Barclays analyst Nicholas Campanella maintained an Overweight rating and reduced the price target from $69 to $68 on Oct. 29, 2025, with an accuracy rate of 68% [7] - Recent News: Posted better-than-expected third-quarter results on Oct. 28 [7] - **Avista Corp (NYSE:AVA)**: - Dividend Yield: 4.85% - Wells Fargo analyst Shahriar Pourreza initiated coverage with an Equal-Weight rating and a price target of $38 on Oct. 28, 2025, with an accuracy rate of 68% [7] - Jefferies analyst Julien Dumoulin-Smith maintained a Hold rating and raised the price target from $40 to $41 on Oct. 22, 2025, with an accuracy rate of 65% [7] - Recent News: Posted mixed quarterly results on Nov. 5 [7] - **Clearway Energy Inc (NYSE:CWEN)**: - Dividend Yield: 5.19% - Roth Capital analyst Justin Clare reiterated a Buy rating and raised the price target from $38 to $39 on Nov. 5, 2025, with an accuracy rate of 69% [7] - CIBC analyst Mark Jarvi maintained a Neutral rating and increased the price target from $35 to $37 on Oct. 21, 2025, with an accuracy rate of 68% [7] - Recent News: Posted upbeat quarterly results on Nov. 4 [7]

Core Points - Edison International is accepting applications for its Edison Scholars program, which offers a total of $1.5 million in scholarships for high school seniors pursuing STEM careers [1][2] - Each scholarship is valued at $50,000 and is awarded to 30 students annually within Southern California Edison’s service area [2][4] - The program also provides opportunities for paid summer internships with Southern California Edison after the first year of college [2][3] Eligibility Criteria - Applicants must be high school seniors residing in the service area of Southern California Edison and plan to enroll as full-time undergraduate students majoring in a STEM field in fall 2026 [3] - A minimum cumulative GPA of 3.0 and demonstrated financial need are required, with first-generation college students encouraged to apply [3] Application Process - The application deadline for the Edison Scholars program is January 22, 2026, and recipients will be announced in Spring 2026 [4] - Interested students can apply through the website edisonscholars.com [4] Program Impact - Since its inception in 2006, Edison International has awarded over $20 million to 820 students, making it one of the largest corporate philanthropic contributors in Southern California [4]

Core Points - Edison International is accepting applications for its Edison Scholars program, which offers a total of $1.5 million in scholarships for high school seniors pursuing STEM careers [1][2] - Each scholarship is valued at $50,000 and is awarded over four years to 30 students from Southern California Edison’s service area [2][4] - The program also provides opportunities for paid summer internships with Southern California Edison after the first year of college [2] Eligibility Criteria - Applicants must be high school seniors residing in Southern California Edison’s service area and plan to major in a STEM field as full-time undergraduate students starting in fall 2026 [3] - A minimum cumulative GPA of 3.0 and demonstrated financial need are required, with first-generation college students encouraged to apply [3] Application Details - The application deadline for the Edison Scholars program is January 22, 2026, and recipients will be announced in Spring 2026 [4] - Since its inception in 2006, Edison International has awarded over $20 million to 820 students, making it one of the largest corporate philanthropic contributors in Southern California [4]

Core Insights - Edison International reported a 61% year-over-year increase in net income, largely due to a true-up from Southern California Edison's 2025 general rate case [1] - The California Public Utilities Commission approved an increase of $1.1 billion in revenue for Southern California Edison in the 2025 general rate case [2] - Expected annual sales growth for the company is projected to be between 1% to 3% through 2028 [3] Wildfire Recovery - Southern California Edison announced new wildfire-related legal settlements, including an agreement to pay insurance companies 52 cents on the dollar for claims related to the Eaton Wildfire [4] - The company has not yet estimated total potential losses from the Eaton fire, with ongoing investigations into its cause [5] - Edison International plans to launch a wildfire recovery program for victims of the Eaton fire soon [5] Legislative and Financial Developments - The expansion of California's wildfire fund is seen as a positive development, potentially reimbursing Southern California Edison for liabilities related to the Eaton fire [6] - The recent downgrade of Edison International's credit rating by S&P Global was acknowledged, but the CFO believes the rating agency did not fully consider the benefits of state legislative reforms [7] Growth Outlook - Edison International's leadership noted that while demand from data centers has not been as high as other utilities, moderate load growth could be beneficial for investors [8] - Sales growth is expected to be driven by strong electric vehicle adoption, residential growth, and increased demand from commercial sectors such as manufacturing, logistics, and defense [8]

Core Insights - Edison International (EIX) reported third-quarter 2025 adjusted earnings of $2.34 per share, exceeding the Zacks Consensus Estimate of $2.16 by 8.3%, and reflecting a 55% increase from $1.51 in the same quarter last year [1] - The company's total operating revenues for the third quarter reached $5.75 billion, surpassing the Zacks Consensus Estimate of $5.61 billion by 2.6%, and marking a 10.6% increase from $5.2 billion in the prior year [2] Financial Performance - Total operating expenses increased by 2.7% year over year to $4.32 billion, with purchased power and fuel costs decreasing by 10.4%, while depreciation and amortization expenses rose by 21.4% [3] - Operating income for the quarter was $1.43 billion, compared to $0.99 billion in the previous year [4] Segment Results - Southern California Edison reported adjusted earnings of $2.58 per share, up from $1.74 in the year-ago quarter, attributed to higher revenues from the 2025 GRC final decision [5] - The Edison International Parent and Other segment incurred an adjusted loss of 24 cents per share, slightly worse than the loss of 23 cents in the prior year due to increased interest expenses [5] Financial Update - As of September 30, 2025, cash and cash equivalents stood at $364 million, up from $193 million at the end of 2024 [6] - Long-term debt increased to $34.48 billion from $33.53 billion at the end of 2024 [6] - Net cash flow from operating activities for the first nine months of 2025 was $4.23 billion, compared to $3.84 billion in the same period last year [6] Capital Expenditures - Total capital expenditures for the company were $4.62 billion as of September 30, 2025, an increase from $4.21 billion in the previous year [7] Guidance - The company narrowed its 2025 earnings per share guidance to a range of $5.95-$6.20, compared to the previous range of $5.94-$6.34, with the Zacks Consensus Estimate currently at $6.10 per share [9][10] Zacks Rank - Edison International currently holds a Zacks Rank 1 (Strong Buy) [11]

Core Viewpoint - Edison International (EIX) is highlighted as a strong investment opportunity with a Zacks Rank 1 (Strong Buy) and a recent increase in the Zacks Consensus Estimate for its current year earnings by 0.3% over the last 60 days [1]. Group 1: Company Overview - Edison International is an investor-owned public utility company primarily engaged in supplying electricity to an area of approximately 50,000 square miles in Southern California [1]. - The company has a price-to-earnings ratio (P/E) of 9.33, significantly lower than the industry average of 19.40, indicating strong value characteristics [2]. - Edison International possesses a Value Score of A, further emphasizing its attractiveness to investors [2].

Core Insights - Three stocks with strong income characteristics and a buy rank are highlighted for investors to consider on October 29th Group 1: Edison International (EIX) - Edison International is an investor-owned public utility company supplying electricity to approximately 50,000 square miles in Southern California [1] - The Zacks Consensus Estimate for its current year earnings has increased by 0.3% over the last 60 days [1] - The company has a dividend yield of 5.8%, significantly higher than the industry average of 3.1% [2] Group 2: Horizon Bancorp IN (HBNC) - Horizon Bancorp is a bank holding company providing a wide range of commercial and retail banking services [3] - The Zacks Consensus Estimate for its current year earnings has increased by 2.7% over the last 60 days [3] - The company has a dividend yield of 3.9%, compared to the industry average of 2.7% [4] Group 3: Seagate Technology (STX) - Seagate Technology is engaged in providing data storage technology and infrastructure solutions internationally [4] - The Zacks Consensus Estimate for its current year earnings has increased by 2.4% over the last 60 days [4] - The company has a dividend yield of 1.3%, which is higher than the industry average of 0.0% [5]

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Core Viewpoint - Edison International's CEO, Pedro Pizarro, indicated a potential link between the company's utility equipment and the initiation of the deadly Eaton Fire, as reported by Bloomberg [4]. Company Summary - Southern California Edison, a subsidiary of Edison International, is currently unable to confirm the exact cause of the Eaton Fire [4].