Core Viewpoint - Edison International announced a quarterly common stock dividend of $0.8775 per share, increasing the annual dividend rate to $3.51 per share, which is a 6% increase from the previous rate of $3.31 per share, marking the 22nd consecutive year of dividend growth [1]. Group 1: Dividend Announcement - The quarterly common stock dividend is set at $0.8775 per share, payable on January 31, 2026, to shareholders of record on January 7, 2026 [1]. - The annual dividend rate has increased to $3.51 per share, reflecting a 6% increase from the previous rate of $3.31 per share [1]. - This marks the 22nd consecutive year of dividend growth for Edison International [1]. Group 2: Company Overview - Edison International is one of the largest electric utility holding companies in the United States, focused on providing clean and reliable energy [2]. - The company is headquartered in Rosemead, California, and is the parent company of Southern California Edison Company, which delivers electricity to 15 million people across Southern, Central, and Coastal California [2]. - Edison International also oversees Trio, a portfolio of nonregulated competitive businesses that provide integrated sustainability and energy advisory services in North America and Europe [2].

Core Viewpoint - Edison International announced a quarterly common stock dividend of $0.8775 per share, increasing the annual dividend rate to $3.51 per share, which is a 6% increase from the previous rate of $3.31 per share, marking the 22nd consecutive year of dividend growth [1] Group 1: Dividend Announcement - The quarterly common stock dividend is set at $0.8775 per share, payable on January 31, 2026, to shareholders of record on January 7, 2026 [1] - The annual dividend rate has increased to $3.51 per share, reflecting a 6% increase from the prior rate of $3.31 per share [1] - This marks the 22nd consecutive year of dividend growth for Edison International [1] Group 2: Company Overview - Edison International is one of the largest electric utility holding companies in the United States, focused on providing clean and reliable energy [2] - The company is headquartered in Rosemead, California, and is the parent company of Southern California Edison Company, which delivers electricity to 15 million people across Southern, Central, and Coastal California [2] - Edison International also oversees Trio, a portfolio of nonregulated competitive businesses that provide integrated sustainability and energy advisory services in North America and Europe [2]

Core Insights - Zacks Premium provides tools for investors to enhance their stock market engagement and confidence, including daily updates, research reports, and stock screens [1][2] Zacks Style Scores - Zacks Style Scores rate stocks based on value, growth, and momentum, serving as complementary indicators to the Zacks Rank, helping investors identify securities likely to outperform the market in the short term [3][4] - Stocks are rated from A to F, with A indicating the highest potential for outperformance [4] Value Score - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Sales, appealing to value investors [4] Growth Score - The Growth Score assesses a company's future prospects by analyzing projected and historical earnings, sales, and cash flow, targeting stocks with sustainable growth [5] Momentum Score - The Momentum Score capitalizes on price trends, utilizing factors like recent price changes and earnings estimate shifts to identify high-momentum stocks [6] VGM Score - The VGM Score combines the three Style Scores, providing a comprehensive rating that highlights stocks with attractive value, strong growth forecasts, and promising momentum [7] Zacks Rank - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +23.93% since 1988, significantly outperforming the S&P 500 [8][10] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal return potential [10][11] Stock to Watch: Edison International (EIX) - Edison International (EIX) is rated 2 (Buy) on the Zacks Rank and has a VGM Score of A, indicating strong investment potential [12] - EIX's Value Style Score is A, supported by a forward P/E ratio of 9.52, making it attractive for value investors [12] - Recent upward revisions in earnings estimates by analysts have increased the Zacks Consensus Estimate for fiscal 2025 to $6.10 per share, with an average earnings surprise of +7.3% [13]

Core Viewpoint - Southern California Edison Co., a subsidiary of Edison International, is taking measures to reduce or eliminate two series of preferred stock that are set to offer attractive floating dividend rates [1] Group 1 - The company is focused on managing its capital structure by addressing preferred stock that may impact its financial flexibility [1] - The preferred stocks in question are SCE.PR.K and SCE.PR.J, which are currently held by investors [2]

Core Insights - Edison International's third-quarter 2025 adjusted earnings were $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 [3] - 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 showing a year-over-year increase of 10.6% from $5.2 billion [4] Financial Performance - Total operating expenses rose by 2.7% year over year to $4.32 billion, with purchased power and fuel costs decreasing by 10.4% and depreciation and amortization expenses increasing by 21.4% [5] - Operating income for the quarter was $1.43 billion, compared to $0.99 billion in the prior-year period [6] 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 [7] - 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 previous year due to increased interest expenses [7] Financial Update - As of September 30, 2025, cash and cash equivalents were $364 million, up from $193 million at the end of 2024 [8] - Long-term debt increased to $34.48 billion from $33.53 billion at the end of 2024, while net cash flow from operating activities for the first nine months of 2025 was $4.23 billion, compared to $3.84 billion in the prior-year period [8] Capital Expenditures - Total capital expenditures for the company were $4.62 billion as of September 30, 2025, higher than $4.21 billion in the same period last year [9] 2025 Guidance - The company has narrowed its 2025 earnings outlook to a range of $5.95-$6.20 per share, compared to the previous guidance of $5.94-$6.34, with the Zacks Consensus Estimate currently at $6.10 per share [11] Estimate Trends - There has been a downward trend in estimates, with the consensus estimate shifting down by 22.06% recently [12] VGM Scores - Edison International holds a Growth Score of B, a Momentum Score of D, and a Value Score of A, resulting in an aggregate VGM Score of A [13] Industry Performance - Edison International is part of the Zacks Utility - Electric Power industry, where another player, FirstEnergy, reported revenues of $4.15 billion, reflecting an 11.2% year-over-year increase [15]

Core Viewpoint - Edison International (EIX) is currently viewed as a superior value opportunity compared to OGE Energy (OGE) based on various valuation metrics [1] Valuation Metrics - EIX has a forward P/E ratio of 9.59, significantly lower than OGE's forward P/E of 19.70 [5] - EIX's PEG ratio is 0.88, indicating better value relative to its expected earnings growth compared to OGE's PEG ratio of 2.82 [5] - EIX's P/B ratio stands at 1.27, while OGE's P/B ratio is higher at 1.88, further supporting EIX's valuation advantage [6] Earnings Outlook - Both EIX and OGE hold a Zacks Rank of 2 (Buy), indicating an improving earnings outlook due to positive analyst estimate revisions [3]

Core Insights - Edison International (EIX) is experiencing growth due to increasing demand for clean electricity and is making systematic investments to enhance its infrastructure [1][3] Growth Outlook - The Zacks Consensus Estimate for EIX's 2025 earnings per share (EPS) has risen by 0.33% to $6.10 over the past 60 days [3] - Expected revenues for 2025 are projected at $18.46 billion, indicating a growth of 4.90% from the 2024 reported figure [3] - EIX's long-term earnings growth rate is estimated at 10.93% [3] - The company has beaten earnings estimates in three of the last four quarters, with an average surprise of 7.25% [3] Capital Return Program - EIX has been consistently increasing shareholder value through dividends, currently paying a quarterly dividend of 82.75 cents per share, leading to an annualized dividend of $3.31 [4] - The current dividend yield stands at 5.76%, significantly higher than the Zacks S&P 500 composite average of 1.12% [4] Capital Investment - EIX follows a systematic capital investment strategy focused on infrastructure development, with capital expenditures of $5.7 billion recorded in 2024 [5] - The company plans to invest between $28 billion and $29 billion from 2025 to 2028, with 97% of this spending allocated to transmission, distribution, and generation capacity [5] Return on Equity - EIX's Return on Equity (ROE) is currently at 13.62%, surpassing the industry average of 9.95% [6] Solvency Ratio - The times interest earned (TIE) ratio for EIX at the end of Q3 2025 was 3.2, indicating strong capability to meet long-term debt obligations [7] Stock Price Performance - Over the past three months, EIX's shares have increased by 6.9%, although this is slightly below the industry's growth of 7% [10]

Core Viewpoint - Edison International has initiated cash tender offers to purchase all outstanding Series A and Series B Fixed-Rate Reset Cumulative Perpetual Preferred Stock, indicating a strategic move to manage its capital structure and potentially reduce dividend obligations [1][3]. Offer Details - The cash tender offers include the purchase of 5.00% Series B Preferred Stock at $995 per share and 5.375% Series A Preferred Stock at $1,000 per share, plus accrued dividends [2][3]. - The total outstanding liquidation preference for Series B Preferred Stock is approximately $503.45 million, while for Series A Preferred Stock, it is about $1.16 billion [2]. - The offers will expire on December 19, 2025, at 5 p.m. New York City time, unless extended or terminated earlier [2]. Financial Implications - The company plans to finance the offers using cash on hand, which suggests a strong liquidity position [5]. - The accrued dividends will be calculated from the last payment date up to the settlement date, which is expected to occur shortly after the expiration date [3][4]. Regulatory and Procedural Information - The offers are subject to specific conditions outlined in the Offer to Purchase and related materials, which will be provided to record holders and other relevant parties [6][7]. - An Issuer Tender Offer Statement has been filed with the SEC, containing additional information regarding the offers [8]. Company Overview - Edison International is a major electric utility holding company, primarily serving Southern California through its subsidiary, Southern California Edison Company, which delivers electricity to approximately 15 million people [14].

Group 1 - The utilities sector is experiencing a strong upward trend year to date due to increased electricity demand driven by the rapid growth of AI infrastructure [1] - The technology sector is also benefiting from this trend, indicating a close relationship between utilities and technology industries [1]

Core Insights - Investors often focus on the price-to-earnings (P/E) ratio for stock valuation, but this metric has limitations and may not always reflect a company's true value [1][6] - The EV-to-EBITDA ratio is considered a more comprehensive valuation metric, as it accounts for a company's total value and provides a clearer picture of profitability [2][4] Valuation Metrics - The EV-to-EBITDA ratio is calculated by dividing a company's enterprise value (EV) by its earnings before interest, taxes, depreciation, and amortization (EBITDA), offering a more complete valuation approach [4] - A lower EV-to-EBITDA ratio typically indicates that a stock may be undervalued, making it an attractive option for investors [5] Stock Recommendations - Stocks such as El Pollo Loco Holdings, Inc. (LOCO), OppFi Inc. (OPFI), Edison International (EIX), ScanSource, Inc. (SCSC), and Zions Bancorporation (ZION) have been identified as having attractive EV-to-EBITDA ratios [3][11] - Each of these stocks meets specific screening criteria, including low EV-to-EBITDA ratios, P/E ratios below industry medians, and strong growth potential [8][10] Growth Projections - El Pollo Loco is expected to have a year-over-year earnings growth rate of 7.9% for 2025, with a recent upward revision of 4.4% in earnings estimates [12] - OppFi is projected to have a significant earnings growth rate of 65.3% for 2025, with a 10.6% upward revision in earnings estimates [13] - Edison International anticipates a 23.7% earnings growth rate for 2025, with a slight upward revision of 0.5% in estimates [14] - ScanSource expects a year-over-year earnings growth rate of 15.7% for fiscal 2026, with a 4% upward revision in estimates [15] - Zions Bancorporation has a projected earnings growth rate of 19% for 2025, with a 2.1% upward revision in estimates [16]