Is Edison International Stock Outperforming the S&P 500?

Company Overview - Edison International (EIX) is a public utility holding company based in Rosemead, California, with a market cap of $21.6 billion, focusing on electric power generation, transmission, and distribution, while emphasizing renewable energy integration and grid modernization [1] - EIX is classified as a "large-cap stock," highlighting its size and influence in the regulated electric utility industry, leveraging scale, regulatory support, and clean energy expertise to drive innovation [2] Stock Performance - EIX is currently trading 36.6% below its 52-week high of $88.65, reached on November 27, 2024, but has seen a 16.9% increase over the past three months, outperforming the S&P 500 Index's 8.9% return during the same period [3] - Over the past 52 weeks, EIX has declined 33.9%, significantly underperforming the S&P 500's 17.7% increase, and is down 29.2% year-to-date compared to the S&P 500's 12% rise [4] Financial Performance - EIX reported better-than-expected Q2 results on July 31, with operating revenue of $4.5 billion, reflecting a 4.8% year-over-year increase and exceeding analyst expectations by 8.4% [5] - The company's core EPS of $0.97 declined 21.1% year-over-year but surpassed consensus estimates by 10.2% [5] Competitive Position - EIX has underperformed its rival, PG&E Corporation (PCG), which saw a 20.8% decline over the past 52 weeks and a 22.5% drop year-to-date [6] - Analysts maintain a moderately optimistic outlook for EIX, with a consensus rating of "Moderate Buy" and a mean price target of $66.53, indicating an 18.4% potential upside from current price levels [6]