Edison International
EIX: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$79.00 | Mqwjgy | Wgqmvgq |
Edison Raises Dividend as Expected; L.A.'s Gas Ban Highlights Long-Term Growth Potential
We are reaffirming our $73 fair value estimate for Edison International after the board approved a 5.4% dividend increase to $2.95 per share annualized for 2023. This is in line with our expectations and implies a 4.5% yield as of Dec. 8. We are reaffirming our narrow moat and stable moat trend ratings.