The Week

Edison International (EIX) added 2.36% this week to close at $53.89, outperforming the S&P 500, which slipped 0.27%, by roughly 2.63 percentage points. The tape started soft: Monday (Sep 28) pushed down to $51.10, the week’s low. From Tuesday (Sep 29) through Friday (Oct 2), the stock recovered steadily, touching $54.61 intraday on Friday. The week’s range came to about 6.64%.

Key Events

The corporate story was front-loaded this week. On Tuesday (Sep 29), Edison International declared a dividend of R$1.5429845960 per unit, payable Nov 6. On Thursday (Oct 1), the company confirmed a third-quarter 2026 earnings call for Oct 29 and, through Southern California Edison, disclosed more than $1 billion in compensation offers for Eaton Fire-affected residents. On Friday (Oct 2), Edison International appeared in a roundup of top Wall Street analyst calls. The week’s themes revolve around shareholder returns, fire-linked compensation, and the upcoming results date, with the stock firming into the back half of the week.

Analyst Ratings

As of this week, 17 brokers cover EIX: 3 rate it buy, 10 rate it hold, and 4 rate it sell. The consensus rating is hold, with a consensus target of $65.57143, implying about 21.68% upside versus the spot price. Target prices range widely, from $42.00 to $86.00. Within the electric utility peer group of 40 companies, EIX ranks 11th by analyst rating.

The Week Ahead

A dense macro calendar sits ahead: US S&P Global Services PMI final and ISM non-manufacturing PMI land Monday (Oct 5), trade balance data follows Tuesday (Oct 6), and EIA crude inventories arrive Wednesday (Oct 7). The key company catalyst remains the third-quarter 2026 earnings report due after market close on Oct 29, where consensus looks for EPS of $2.3951 and revenue of $5.46 billion. Until then, macro data will likely shape near-term sentiment for the utility sector.

In Short

EIX rose against a softer broad market this week, anchored by news flow covering dividends, wildfire compensation, and the upcoming earnings date. Analyst positioning is mixed: a hold consensus with target about 21.68% above spot, but the target range stretching from $42 to $86 signals deep disagreement. Valuation sits at roughly 5.54x P/E with a 6.42% dividend yield. The main test ahead is whether the Oct 29 quarterly print can validate the recovery embedded in that target, and how next week’s macro data sways sentiment on utilities.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.