JPMorgan Revises Edison International (EIX) Assumptions Heading Into Earnings

Company Overview - Edison International (NYSE:EIX) is one of the largest electric utility holding companies in the US, primarily operating through Southern California Edison, a major regulated electric utility [5][3] - The company focuses on delivering clean, reliable energy and related services through its operating subsidiaries [5] Financial Performance and Outlook - JPMorgan analyst Aidan Kelly raised the price target for Edison International to $66 from $65, maintaining a Neutral rating ahead of the company's Q4 earnings report [2] - Edison International has an authorized return on equity of 10.33%, one of the highest in the industry, which supports its investment model based on CPUC-approved rate base rather than electricity usage changes [3] - Management projects a 5% to 7% growth in earnings per share (EPS), supported by ongoing capital deployment driven by a strong commercial economy and rising electrification in California [4] Investment Considerations - Edison International is included among 14 High Yield Dividend Stocks with Sustainable Payouts, indicating its potential as a stable investment option [1] - The company benefits from long-term visibility due to multi-year general rate cases that facilitate spending on grid upgrades, wildfire mitigation, and clean energy infrastructure [3]