With an annual dividend yield of 4.93%, Edison International (NYSE:EIX) is included among the 10 High Yield Stocks for Lasting Retirement Income.
On May 21, Morgan Stanley lowered its price recommendation on Edison International (NYSE:EIX) to $64 from $70. It reiterated an Underweight rating on the shares. The firm said it updated its price targets for Regulated and Diversified Utilities and IPPs across North America for April. Morgan Stanley also noted that utilities underperformed the S&P’s return during the month.
During the Q1 2026 earnings call, Pedro Pizarro said the company reported first-quarter core earnings per share of $1.42. He also said Edison International is reaffirming its 2026 core EPS guidance and other financial targets, including its long-term objective of delivering 5% to 7% core EPS growth. Pizarro noted that planned physical hardening work across the distribution system in high fire-risk areas was about 93% complete. He also said Southern California Edison had extended more than 1,500 offers totaling over $500 million to community members affected by the Eaton fire.
In addition, Pizarro said the company expects its proposed approach to generate nearly $25 million in potential unbilled revenue savings over a three- to six-month period once implemented.
Edison International (NYSE:EIX) is an electric utility holding company focused on providing clean and reliable energy and energy-related services through its independent businesses. The company is the parent of Southern California Edison Company and Trio.
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