Net Worth Advisory Group acquires stake in Edison International during 3rd quarter

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Edison International ($NYSE:EIX) is a publicly traded company that provides electric power and energy services to millions of customers in Southern California. With a diverse portfolio of subsidiaries and affiliates, Edison International is one of the largest electric companies in the United States. During the third quarter, Net Worth Advisory Group, a financial advisory firm specializing in wealth management and investment services, acquired a stake in Edison International. This acquisition by Net Worth Advisory Group marks a significant development for Edison International, as it indicates that the company is seen as a favorable investment opportunity by prominent financial institutions. It also reflects a growing interest in the energy sector as a whole, with more investors looking to diversify their portfolios and tap into the potential growth opportunities offered by companies like Edison International. The details of the acquisition are not publicly available in the 13F filing, as it only lists the number of shares bought and not the purchase price.

However, this move is likely to have a positive impact on Edison International’s stock value, as it signals confidence in the company’s future prospects. As an established player in the energy industry, Edison International has been consistently delivering strong financial results and has a solid track record of dividend payments. This makes it an attractive choice for long-term investors who value stable returns and steady growth. With a reputable financial institution showing interest in the stock, it further strengthens Edison International’s position as a leading player in the energy sector. As the company continues to innovate and adapt to the changing energy landscape, it is likely to attract more attention from investors and drive its stock value higher.

Price History

This news has caused a significant buzz in the market, with investors closely monitoring the developments. On Friday, the stock of EDISON INTERNATIONAL opened at $84.76 and eventually closed at $85.43. This represents a 0.93% increase from the previous closing price of $84.64. The positive movement in the stock price can be attributed to Net Worth Advisory Group’s decision to acquire a stake in the company. The acquisition of a stake by Net Worth Advisory Group is seen as a vote of confidence in Edison International‘s financial performance and potential for growth. This move also aligns with the investment firm’s strategy of diversifying its portfolio by investing in companies with strong fundamentals and promising prospects. Edison International, a leading provider of electricity services, has been performing well in the market, with its stock prices consistently on the rise.

This can be attributed to its solid financial performance and strategic initiatives to expand its operations. The company has been actively investing in renewable energy sources, such as solar and wind power, which have been gaining traction in the market. The acquisition of a stake by Net Worth Advisory Group is also seen as a strategic move to capitalize on the potential growth opportunities in the energy sector. With the increasing demand for clean and renewable energy sources, Edison International is well-positioned to capture a significant market share and drive further growth. With Edison International’s strong financial performance and Net Worth Advisory Group’s expertise in investments, this partnership has the potential to create value for shareholders and drive further growth for the company. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Edison International. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Edison International. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Edison International. More…

Key Ratios Snapshot

Some of the financial key ratios for Edison International are shown below. More…

Analysis

As an analyst, I have conducted a thorough analysis of EDISON INTERNATIONAL, focusing on its fundamentals in order to provide insight for potential investors. EDISON INTERNATIONAL currently has an intermediate health score of 4/10 according to Star Chart, indicating that its cashflows and debt may be a cause for concern. However, it is worth noting that this company may have the ability to pay off its debt and fund future operations. In terms of growth potential, EDISON INTERNATIONAL falls into the category of a ‘rhino’ company. This means that it has achieved moderate revenue or earnings growth. This indicates that the company may not have explosive growth potential, but it is also not stagnant. Investors who are looking for a stable and consistent growth rate may be interested in this type of company. One area in which EDISON INTERNATIONAL stands out is its strong dividend performance. This means that the company consistently pays out dividends to its shareholders, providing them with a steady stream of income. Additionally, the company is classified as medium in terms of growth, profitability, and weak in assets. This suggests that while EDISON INTERNATIONAL may not have strong growth potential, it is still able to generate profits and has a solid dividend policy. Overall, EDISON INTERNATIONAL may be suitable for investors who are interested in a stable and reliable investment option. It may also appeal to those who prioritize receiving dividends from their investments. However, investors who are seeking high levels of growth or have a preference for companies with strong asset portfolios may not find EDISON INTERNATIONAL to be an ideal fit. Ultimately, it is important for potential investors to conduct their own research and carefully consider their individual investment goals before making any decisions. More…

Peers

Edison International is one of the largest investor-owned electric utilities in the United States and is one of the largest electric utility companies in the world. Its subsidiaries include Southern California Edison and Edison Mission Energy. It is headquartered in Rosemead, California. Its competitors include CMS Energy Corp, Genie Energy Ltd, OGE Energy Corp.

– CMS Energy Corp ($NYSE:CMS)

CMS Energy Corporation is an energy company operating primarily in the state of Michigan. The company has two main subsidiaries: Consumers Energy, an electric and gas utility company; and CMS Enterprises, an energy marketing and trading company. CMS Energy is headquartered in Jackson, Michigan.

As of 2022, CMS Energy Corporation had a market capitalization of 16.14 billion dollars and a return on equity of 12.15%. The company’s main business is providing energy through its two subsidiaries, Consumers Energy and CMS Enterprises. Consumers Energy is an electric and gas utility company, providing service to over 6 million customers in the state of Michigan. CMS Enterprises is an energy marketing and trading company, providing energy services to customers in the United States and Canada.

– Genie Energy Ltd ($NYSE:GNE)

Genie Energy Ltd. engages in the provision of electricity and natural gas, as well as oil and gas exploration and production. The company operates through the following segments: Retail Energy, Oil and Gas, and Other. The Retail Energy segment provides electricity and natural gas to residential, commercial, and industrial customers in the United States. The Oil and Gas segment focuses on the exploration and production of oil and gas. The Other segment includes corporate overhead and other investments. Genie Energy was founded on March 28, 2001 and is headquartered in Newark, NJ.

– OGE Energy Corp ($NYSE:OGE)

DOE Energy Corp is an energy company that focuses on the development and production of natural gas and oil. The company operates in two segments: Exploration and Production, and Marketing and Trading. The Exploration and Production segment engages in the exploration, development, and production of natural gas and oil properties. The Marketing and Trading segment engages in the marketing and trading of natural gas and oil.

Summary

Net Worth Advisory Group recently acquired shares of Edison International in the third quarter, indicating potential confidence in the company’s performance. This suggests that the stock may have favorable prospects in the near future. The group’s investment analysis could be based on factors such as the company’s financial health, market trends, and future growth potential. This move by Net Worth Advisory Group could also attract other investors, leading to an increase in the stock price.

However, investors should conduct thorough research and consider all risks before making any investment decisions. Overall, this investment activity in Edison International highlights a positive outlook for the company and could potentially benefit investors.