Edison International
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The Massive Storm Facing Californian Utilities
By Joshua Bondy - April 19, 2013 | Tickers: EIX, PCG, SRE, WEC
Recently, the Edison Electric Institute published a report about the far-reaching impact of distributed solar generation. Distributed solar allows individuals to produce their own electricity, and net metering programs let individuals sell that electricity to utilities. California's utilities will face increased competition from millions of producers sick of high prices, and eventually the utilities' bottom lines will feel the impact.
US Average Retail Price of Electricity data by YCharts more »
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This Fundamentals-Focused Hedge Fund Has Billions in AUM…What’s it Buying?
By Meena Krishnamsetty - April 4, 2013 | Tickers: EIX, GG, HBAN, KRFT, RF
$6 billion Carlson Capital, a Dallas-based hedge fund that focuses its strategies on philosophy, people and process, is a stark contrast to other funds, many of which have formulated complex algorithms to perform detailed quantitative analyses. As more and more non-Wall Streeters establish their own funds, many have begun to embrace manager Clint Carlson’s approach, and according to his most recent 13F filing with the SEC, Carlson added several more »
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This Fundamentals-Focused Hedge Fund Has Billions in AUM…What’s It Buying?
By Meena Krishnamsetty - April 3, 2013 | Tickers: EIX, GG, HBAN, KRFT, RF
The $6 billion Carlson Capital, a Dallas-based hedge fund that focuses its strategies on philosophy, people and process, is a stark contrast to other funds, many of which have formulated complex algorithms to perform detailed quantitative analyses. As more and more non-Wall Streeters establish their own funds, many have begun to embrace manager Clint Carlson’s approach, and according to his most recent 13F filing with the SEC, Carlson added more »
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Top Utility Companies Will Survive EPA’s Regulatory Agenda
By Kyle Colona - March 19, 2013 | Tickers: DUK, EIX, SO
The EPA is set to unleash a host of new regulations that will impact the energy sector, and top utility companies in the U.S. are facing hurdles that will ultimately drive up the cost of supplying energy.
As has widely been reported, the Environmental Protection Agency has been hammering away behind the scenes to build a new energy sector regulatory infrastructure. This includes plans to enhance restrictions on greenhouse more »
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Noteworthy Downgrades on Thursday
By Brian Nichols - February 14, 2013 | Tickers: CTL, EIX, ULTA
Sometimes an analyst issues a revised outlook or changes his/her rating, but does not inform investors of the reasons behind the call. These typically move stocks on the call alone; the price target and outlook. However, some analysts provide detailed reasons behind the call; these are the outlooks that should be noted and used as part of your fundamental research. Therefore, I am taking a look at three key more »
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Solar Power Can't Survive Without A Lot Of Help
By Reuben Brewer - January 8, 2013 | Tickers: EIX, FSLR, PCG, SCTY
The federal government provides support to all sorts of businesses, ranging from agriculture to solar power. Some of these businesses can stand on their own without the assistance, others would find it difficult to survive. Solar power is in the later camp and recently public SolarCity (Nasdaq: SCTY) is a prime example.
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The Perfect Utility Portfolio
By Federico Zaldua - December 7, 2012 | Tickers: EIX, EPB, PEG
Utilities are known, at least in developed countries, to be stable income generators. This is the case in the US, where the government sets reasonable rates of return to encourage infrastructure investments and high quality service. I chose a portfolio of my three favorite utility companies. They will offer stability through a low beta and a reasonable cash flow stream through dividends. All this, plus equity upside potential. What follows more »
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Billionaire Israel Englander’s Latest Picks May Surprise You
By Meena Krishnamsetty - November 19, 2012 | Tickers: AGP, EIX, PFE, TEVA, TYC
Billionaire Israel Englander was making an overall bullish statement with equity purchases in 3Q, shaking up his top twenty holdings with various increases and new additions across a variety of industries. Englander founded Millennium Management in 1989 and grew the fund to around $13 billion in AUM by mid-2011.
Three of the most interesting share increases that thrust all of these stocks into Millennium's top ten holdings included Tyco more »
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Insiders Are Buying This Utility Stock
By Meena Krishnamsetty - July 20, 2012 | Tickers: CPN, DUK, EIX, AES
AES (NYSE: AES), a global utility that produces electricity from a variety of sources, including coal, natural gas, and renewable, had VP of Strategy Gardner Walkup buy 7,500 shares of the company in his IRA earlier this week at an average price of $12.59 (the stock closed today at $12.61). Walkup previously owned about 26,000 shares directly and another 3,000 in his 401(k), so more »
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Golden State Utilities to Shine
By Steve Van - June 14, 2012 | Tickers: EIX, EXC, PCG, SRE
California is among the most favorable environments in the nation for electricity & gas utilities to operate because of its regulatory practices like forward-looking annual rate adjustments, high allowed equity returns, and decoupling where utility companies are allowed to protect their earnings from desirable reductions in energy usage. Additionally, rates paid by the California customers of Edison International (NYSE: EIX), Exelon Corp. (NYSE: EXC), Sempra Energy (NYSE: SRE), and PG&E more »
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Edison International Soars Past Analysts’ Expectations
By Arthur Pinkasovitch - March 1, 2012 | Tickers: CNP, EIX, NWN, NVE, POR
Edison International (NYSE: EIX) soared past analysts’ expectations as earnings per share amounted to $0.75, in contrast to consensus estimates of $0.46. As a result, the stock jumped 3.25% following the announcement which corresponds with the general upward trend witnessed since August of last year, when shares were trading at under $33. However, once non-core items were factored in, such as the impairment on the MidWest Generation more »
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4 Safe, High-Yield Preferred Stocks From California
By Michael French - January 19, 2012 | Tickers: EIX, EXC, PCG, SRE
The World Bank just cut sharply its 2012 global growth forecast from 3.6% to 2.5%. In step, the German government revised its growth forecast lower to0.7% from 1.0%. Additionally, Chinese home prices declined in 52 of 70 cities in December. Investors may have accepted that Greece may default in March, but attention then shifts to Portugal, where 6-month bond yields hover above 5%. This may send more »
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15 Best Yielding Utility Stocks With A Buy Or Better Rating
By DividendYields - January 9, 2012 | Tickers: AEP, CIG, EIX, EOC, ENI, EXC, FE, NGG, NEE, PCG, PPL, PEG, SRE, TRP, XEL
The utility sector is of major importance for income investors. Utilities are characterized by stable and high dividends. Unfortunately, they are also highly leveraged and their core businesses are very capital intensive.
In an effort to find some stocks from this sector to recommend, I screened large-cap stocks (more than $10 billion market caps) with a dividend yield of more than 3 percent, as well as a buy or more »