Recently, Edison International (ED, Financial) stock experienced a notable drop of 1.68%. The stock is currently trading at $99.98 with a trading volume of 1.168 million shares, a turnover rate of 0.34%, and a fluctuation of 1.96%.
According to the latest financial reports, Edison International reported revenue of $3.22 billion, a net profit of $202 million, and earnings per share (EPS) of $0.58. The company's gross profit stood at $2.069 billion, with a price-to-earnings (P/E) ratio of 19.43.
As per institutional ratings, out of 19 participating rating agencies, 16% recommend buying the stock, 53% suggest holding, and 31% advocate selling.
Within the energy and power sector, the overall decline was 1.20%. Among its peers, companies like Central Puerto S.A., Idacorp Inc., and Centuri Holdings Inc. showed significant gains. Meanwhile, stocks such as Oklo Inc., New Fortress Energy Inc., and Hawaiian Electric were particularly active, with turnover rates of 12.82%, 1.95%, and 1.25%, respectively. Stocks with notable fluctuations included Oklo Inc., Central Puerto S.A., and New Fortress Energy Inc., with fluctuations of 13.94%, 8.41%, and 8.20% respectively.
Edison International operates as a holding company for Consolidated Edison of New York (CECONY) and Orange & Rockland (O&R), providing steam, natural gas, and electricity to customers in southeastern New York, including New York City, and parts of New Jersey. After selling its clean energy business to RWE at the start of 2023, these utilities account for nearly all of Con Ed’s earnings.
