Southern California Edison to Redeem Preference Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy EIX?
Source: Newsfilter
- Redemption Announcement: Southern California Edison has announced the redemption of all outstanding Series K Preference Stock on March 15, 2026, at a price of $25 per share plus accrued and unpaid distributions, which is expected to impact investor cash flows.
- Trust Securities Impact: This redemption will lead SCE Trust V to redeem all of its 5.45% Fixed-to-Floating Rate Trust Preference Securities, with holders ceasing to accrue distributions after the redemption date, reflecting the company's strategy for optimizing its capital structure.
- Operational Process Details: Trust Preference Securities held through The Depository Trust Company will be redeemed according to its procedures, and holders are advised to contact their brokers for further information to ensure a smooth redemption process.
- Company Background: Southern California Edison, a subsidiary of Edison International, is one of the largest electric utilities in the U.S., serving approximately 15 million people through 5 million customer accounts across a 50,000-square-mile service area, highlighting its significant role in the energy market.
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Analyst Views on EIX
Wall Street analysts forecast EIX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for EIX is 63.73 USD with a low forecast of 55.00 USD and a high forecast of 71.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
5 Buy
5 Hold
1 Sell
Moderate Buy
Current: 63.790
Low
55.00
Averages
63.73
High
71.00
Current: 63.790
Low
55.00
Averages
63.73
High
71.00
About EIX
Edison International is an electric utility holding company. The Company is focused on providing clean and reliable energy and energy services through its independent companies. It is the parent holding company of Southern California Edison Company (SCE) and Trio. SCE is a public utility primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area across Southern, Central and Coastal California. Trio is a global energy advisory firm providing integrated sustainability and energy advisory services to large commercial, industrial and institutional organizations in North America and Europe. Trio provides integrated strategy and implementation solutions in sustainability, renewables, energy procurement, conventional supply, energy optimization and transportation electrification.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Edison International to Redeem Series A Preferred Stock
- Redemption Announcement: Edison International has announced the redemption of all outstanding shares of its 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A, on March 9, 2026, at a price of $1,000 per share, aimed at optimizing its capital structure and reducing financial costs.
- Redemption Agent Details: The redemption will be facilitated by Equiniti Trust Company, LLC, and shareholders holding Series A Preferred Stock through The Depository Trust Company (DTC) must follow DTC procedures, ensuring a smooth redemption process.
- Rights Termination Notice: After the redemption date, all outstanding shares will cease to be considered outstanding, and distributions will stop accruing, with holders retaining only the right to receive the redemption price, reflecting the company's commitment to shareholder rights.
- Company Overview: Edison International is one of the largest electric utility holding companies in the U.S., serving approximately 15 million people and focusing on providing clean and reliable energy services, highlighting its strategic positioning in the sustainability sector.
See More
Southern California Edison to Redeem Preference Shares
- Redemption Announcement: Southern California Edison has announced the redemption of all outstanding Series K Preference Stock on March 15, 2026, at a price of $25 per share plus accrued and unpaid distributions, which is expected to impact investor cash flows.
- Trust Securities Impact: This redemption will lead SCE Trust V to redeem all of its 5.45% Fixed-to-Floating Rate Trust Preference Securities, with holders ceasing to accrue distributions after the redemption date, reflecting the company's strategy for optimizing its capital structure.
- Operational Process Details: Trust Preference Securities held through The Depository Trust Company will be redeemed according to its procedures, and holders are advised to contact their brokers for further information to ensure a smooth redemption process.
- Company Background: Southern California Edison, a subsidiary of Edison International, is one of the largest electric utilities in the U.S., serving approximately 15 million people through 5 million customer accounts across a 50,000-square-mile service area, highlighting its significant role in the energy market.
See More
High Dividend Stocks Favored Amid Market Turbulence
- Investor Preference: During turbulent and uncertain market conditions, many investors gravitate towards high dividend-yielding stocks, which typically possess high free cash flows and reward shareholders with substantial dividend payouts.
- Sector Analysis: High-yield stocks in the utilities sector are under significant analyst scrutiny, particularly Brookfield Infrastructure Partners L.P. (BIP), Eversource Energy (ES), and Edison International (EIX), which excel in stability and profitability.
- Analyst Ratings: Based on the most accurate analyst ratings, these three high dividend stocks are considered top picks for investors, reflecting their appeal in uncertain market environments.
- Market Trends: As market volatility intensifies, the demand for high dividend stocks may continue to rise, potentially driving up the stock prices and market performance of these companies.
See More
High-Yield Stock Analysis and Rating Updates
- Edison International Rating Update: Barclays analyst Nicholas Campanella maintains an Overweight rating on Edison International (EIX) while lowering the price target from $68 to $67, reflecting a 65% accuracy rate, despite the company posting upbeat quarterly results recently.
- Brookfield Infrastructure Outlook: Jefferies analyst Anthony Linton keeps a Buy rating on Brookfield Infrastructure Partners (BIP) with a price target of $35, with a 50% accuracy rate, as the company prepares for its fourth-quarter conference call on January 29, which may influence investor sentiment.
- Dominion Energy Rating Dynamics: Barclays analyst Nicholas Campanella maintains an Overweight rating on Dominion Energy (D) while cutting the price target from $64 to $63, indicating a cautious market outlook with a 65% accuracy rate from analysts.
- Market Reaction and Earnings Call: Dominion Energy plans to host its fourth-quarter earnings call on February 23, which could impact stock prices, particularly in light of the recent adjustments to analysts' price targets.
See More
Wells Fargo Downgrades Edison International (EIX) to Underweight with $59 Price Target
- Rating Downgrade Impact: Wells Fargo downgraded Edison International (EIX) from Equal Weight to Underweight with a $59 price target, primarily due to the unresolved Eaton Fire liability, which diminishes market confidence in the company's future prospects.
- Liability Risk Uncertainty: The analyst highlighted that the full picture of the Eaton Fire investigation remains unclear, and liability estimates continue to weigh heavily on Edison, compounded by uncertainties surrounding California's liability framework and regulatory environment.
- Legal Complexity: While the recent lawsuit against Los Angeles County and several water agencies may present a potential positive, it also introduces complexity and a longer timeline, further increasing the legal risks faced by the company.
- California Environmental Challenges: With the upcoming gubernatorial election year, the unresolved wildfire liability issues in California pose significant operational risks for Edison, despite the company having largely wrapped up its regulatory activities and legacy fire claims.
See More
Southern California Edison Launches Wildfire Compensation Program, Fast Payments to Over 5,000 Residents
- Compensation Program Launch: Southern California Edison initiated its Wildfire Recovery Compensation Program on October 29, aiming to provide swift and transparent compensation to community members affected by the Eaton Fire, with over 5,000 residents having applied so far, reflecting strong community engagement and need.
- Community Feedback Integration: Prior to the program's launch, SCE engaged with over 1,000 community members to gather feedback, resulting in more than 50 updates to the program, ensuring the compensation process aligns with residents' needs and enhancing community trust and participation.
- Infrastructure Investment: The company is committed to investing in infrastructure improvements, including undergrounding approximately 153 miles of distribution circuits in Altadena and Malibu over the coming years, aimed at reducing future wildfire risks and supporting sustainable growth in Southern California.
- Fast Processing Commitment: The average claim processing time is around 90 minutes, with SCE collaborating with compensation fund design experts to ensure a fair and swift process, aiming to help community members rebuild their lives as quickly as possible.
See More
Edison International to Redeem Series A Preferred Stock
- Redemption Announcement: Edison International has announced the redemption of all outstanding shares of its 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A, on March 9, 2026, at a price of $1,000 per share, aimed at optimizing its capital structure and reducing financial costs.
- Redemption Agent Details: The redemption will be facilitated by Equiniti Trust Company, LLC, and shareholders holding Series A Preferred Stock through The Depository Trust Company (DTC) must follow DTC procedures, ensuring a smooth redemption process.
- Rights Termination Notice: After the redemption date, all outstanding shares will cease to be considered outstanding, and distributions will stop accruing, with holders retaining only the right to receive the redemption price, reflecting the company's commitment to shareholder rights.
- Company Overview: Edison International is one of the largest electric utility holding companies in the U.S., serving approximately 15 million people and focusing on providing clean and reliable energy services, highlighting its strategic positioning in the sustainability sector.
See More
Southern California Edison to Redeem Preference Shares
- Redemption Announcement: Southern California Edison has announced the redemption of all outstanding Series K Preference Stock on March 15, 2026, at a price of $25 per share plus accrued and unpaid distributions, which is expected to impact investor cash flows.
- Trust Securities Impact: This redemption will lead SCE Trust V to redeem all of its 5.45% Fixed-to-Floating Rate Trust Preference Securities, with holders ceasing to accrue distributions after the redemption date, reflecting the company's strategy for optimizing its capital structure.
- Operational Process Details: Trust Preference Securities held through The Depository Trust Company will be redeemed according to its procedures, and holders are advised to contact their brokers for further information to ensure a smooth redemption process.
- Company Background: Southern California Edison, a subsidiary of Edison International, is one of the largest electric utilities in the U.S., serving approximately 15 million people through 5 million customer accounts across a 50,000-square-mile service area, highlighting its significant role in the energy market.
See More
High Dividend Stocks Favored Amid Market Turbulence
- Investor Preference: During turbulent and uncertain market conditions, many investors gravitate towards high dividend-yielding stocks, which typically possess high free cash flows and reward shareholders with substantial dividend payouts.
- Sector Analysis: High-yield stocks in the utilities sector are under significant analyst scrutiny, particularly Brookfield Infrastructure Partners L.P. (BIP), Eversource Energy (ES), and Edison International (EIX), which excel in stability and profitability.
- Analyst Ratings: Based on the most accurate analyst ratings, these three high dividend stocks are considered top picks for investors, reflecting their appeal in uncertain market environments.
- Market Trends: As market volatility intensifies, the demand for high dividend stocks may continue to rise, potentially driving up the stock prices and market performance of these companies.
See More
High-Yield Stock Analysis and Rating Updates
- Edison International Rating Update: Barclays analyst Nicholas Campanella maintains an Overweight rating on Edison International (EIX) while lowering the price target from $68 to $67, reflecting a 65% accuracy rate, despite the company posting upbeat quarterly results recently.
- Brookfield Infrastructure Outlook: Jefferies analyst Anthony Linton keeps a Buy rating on Brookfield Infrastructure Partners (BIP) with a price target of $35, with a 50% accuracy rate, as the company prepares for its fourth-quarter conference call on January 29, which may influence investor sentiment.
- Dominion Energy Rating Dynamics: Barclays analyst Nicholas Campanella maintains an Overweight rating on Dominion Energy (D) while cutting the price target from $64 to $63, indicating a cautious market outlook with a 65% accuracy rate from analysts.
- Market Reaction and Earnings Call: Dominion Energy plans to host its fourth-quarter earnings call on February 23, which could impact stock prices, particularly in light of the recent adjustments to analysts' price targets.
See More
Wells Fargo Downgrades Edison International (EIX) to Underweight with $59 Price Target
- Rating Downgrade Impact: Wells Fargo downgraded Edison International (EIX) from Equal Weight to Underweight with a $59 price target, primarily due to the unresolved Eaton Fire liability, which diminishes market confidence in the company's future prospects.
- Liability Risk Uncertainty: The analyst highlighted that the full picture of the Eaton Fire investigation remains unclear, and liability estimates continue to weigh heavily on Edison, compounded by uncertainties surrounding California's liability framework and regulatory environment.
- Legal Complexity: While the recent lawsuit against Los Angeles County and several water agencies may present a potential positive, it also introduces complexity and a longer timeline, further increasing the legal risks faced by the company.
- California Environmental Challenges: With the upcoming gubernatorial election year, the unresolved wildfire liability issues in California pose significant operational risks for Edison, despite the company having largely wrapped up its regulatory activities and legacy fire claims.
See More
Southern California Edison Launches Wildfire Compensation Program, Fast Payments to Over 5,000 Residents
- Compensation Program Launch: Southern California Edison initiated its Wildfire Recovery Compensation Program on October 29, aiming to provide swift and transparent compensation to community members affected by the Eaton Fire, with over 5,000 residents having applied so far, reflecting strong community engagement and need.
- Community Feedback Integration: Prior to the program's launch, SCE engaged with over 1,000 community members to gather feedback, resulting in more than 50 updates to the program, ensuring the compensation process aligns with residents' needs and enhancing community trust and participation.
- Infrastructure Investment: The company is committed to investing in infrastructure improvements, including undergrounding approximately 153 miles of distribution circuits in Altadena and Malibu over the coming years, aimed at reducing future wildfire risks and supporting sustainable growth in Southern California.
- Fast Processing Commitment: The average claim processing time is around 90 minutes, with SCE collaborating with compensation fund design experts to ensure a fair and swift process, aiming to help community members rebuild their lives as quickly as possible.
See More
