SPDR S&P Dividend ETF Experiences Big Outflow
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 23 2024
0mins
Source: NASDAQ.COM
- Stock Analysis: The article discusses the stock performance of SDY, highlighting its 52-week range from $109.8725 to $132.485 per share, with the last trade at $130.26.
- ETF Trading: It explains that exchange-traded funds (ETFs) trade like stocks, with investors buying and selling "units" instead of shares. These units can be created or destroyed based on investor demand.
- Shares Outstanding Data: Weekly monitoring of shares outstanding data helps identify ETFs with notable inflows (new units created) or outflows (old units destroyed), impacting the underlying holdings.
- Impact of Flows: Creation of new units requires purchasing underlying holdings, while destruction involves selling them, affecting the components held within ETFs.
- Disclaimer: The views expressed in the article are those of the author and may not necessarily reflect those of Nasdaq, Inc.
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Analyst Views on EIX
Wall Street analysts forecast EIX stock price to fall
7 Analyst Rating
2 Buy
3 Hold
2 Sell
Hold
Current: 71.280
Low
54.00
Averages
63.00
High
70.00
Current: 71.280
Low
54.00
Averages
63.00
High
70.00
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.
Analysis of DVY ETF's 52-Week Price Fluctuations
- Price Range Analysis: DVY ETF's 52-week low is $115.94 per share, with a high of $158.915, and the latest trade at $148.01 indicates the current price is near its high, potentially attracting investor interest.
- Technical Analysis Tool: Comparing the latest share price to the 200-day moving average can provide valuable insights for investors, helping to assess market trends and identify potential buying opportunities.
- ETF Trading Mechanism: Exchange-traded funds (ETFs) trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting the underlying asset holdings.
- Liquidity Monitoring: Weekly monitoring of changes in shares outstanding for ETFs helps identify significant inflows or outflows, where inflows necessitate purchasing underlying assets, while outflows may lead to selling, affecting the ETF's overall performance.
See More
Edison International Launches 2026 Lineworker Scholarship Program
- Scholarship Amount: The 2026 Lineworker Scholarship offers up to $25,000 annually for up to 12 recipients, facilitating enrollment in the Powerline Worker Certificate program at Los Angeles Trade-Technical College, thereby paving the way for future careers in the energy sector.
- Program Background: Now in its sixth year, this scholarship initiative aims to provide essential training for individuals from diverse backgrounds to enter the energy and utility industry, addressing the increasing demand for skilled labor in the electrical grid sector.
- Career Outlook: According to the Bureau of Labor Statistics, employment for electrical power line installers and repairers is projected to grow by 7% from 2024 to 2034, primarily driven by rising electrical grid needs, indicating strong long-term growth potential in this field.
- Eligibility Criteria: The scholarship is open to applicants who meet specific requirements, with preference given to California residents, necessitating financial need, a high school diploma or equivalent, and eligibility to work in the U.S., ensuring alignment between workforce training and industry demand.
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Edison International Downgraded to Sell Amid Earnings Concerns
- Downgrade Impact: Analyst Paul Fremont downgraded Edison International from 'Neutral' to 'Sell', reducing the price target from $59.50 to $63, indicating a potential downside of approximately 17% from the current share price.
- Earnings Forecast Adjustment: Edison International expects core EPS for FY 2026 to range between $5.90 and $6.20, down from $6.55 in FY 2025, reflecting the earnings pressure the company is facing.
- Regulatory Factors: California Assembly Bill 2666 mandates the California Public Utilities Commission to adjust future authorized revenue requirements based on actual past costs, which could impact Southern California Edison’s earnings performance and increase future uncertainties.
- Investor Attention: While Edison International is listed among the best utility stocks for dividends in 2026, analysts believe that certain AI stocks offer greater upside potential and carry less downside risk, which may attract investor interest.
See More
Dividend History of Edison International's Trust Preference Securities
- Dividend Overview: Edison International's 5.00% Trust Preference Securities (SCE.PRL) recently declared a dividend of $0.3125 per share, demonstrating the company's ongoing commitment to stable dividends, which enhances investor confidence.
- ETF Composition Insight: According to ETF Finder, Edison International (EIX) constitutes 7.72% of the AGF U.S. Market Neutral Anti-Beta Fund ETF (BTAL), indicating its significant presence in the market, which may attract more investor attention.
- Market Performance Update: In Wednesday trading, Edison International's Trust Preference Securities (SCE.PRL) rose approximately 0.1%, while common shares (EIX) increased about 0.6%, reflecting positive market sentiment towards its stock, potentially driving future investment inflows.
- Investor Focus: As market interest in S.A.F.E. dividend stocks grows, Edison International's preferred shares may become a focal point for investors, further enhancing their appeal in the stock market.
See More
Edison International Wins Dismissal of Shareholder Lawsuit
- Lawsuit Dismissal: A U.S. District Court in Los Angeles dismissed a lawsuit against Edison International (EIX) alleging shareholder fraud before the January 2025 wildfires, stating that the company's claims of significantly reducing disaster loss risk were too vague for reasonable investors to rely on.
- Shareholder Allegations: Shareholders accused Southern California Edison of being 'structurally unable' to address extreme weather events and safely implement its Public Safety Power Shutoff program for wildfire mitigation, particularly before the devastating Eaton Fire last year.
- Wildfire Impact: The January 2025 wildfires resulted in 31 fatalities and damaged over 16,000 structures, with the Eaton Fire and the Palisades Fire being the primary sources of destruction, highlighting the company's challenges in disaster management.
- Power Shutoff Option: California's power shutoff option allows utilities to cut power to transmission lines during extreme weather capable of generating dangerous sparks, despite the company's previous claims that hardening power lines and trimming vegetation could reduce wildfire risk by as much as 90%.
See More
Iran War Triggers Surge in Oil Prices
- Surge in Oil Prices: The ongoing war in Iran has pushed oil prices above $100 per barrel, with expectations that this trend will persist, as approximately 20% of global oil supply is stranded due to fighting in the Strait of Hormuz, prompting swift market reactions, particularly in energy-dependent Europe and Asia.
- Investor Flight to Safety: In this uncertain market environment, investors are rapidly seeking low-beta stocks that offer strong dividends and predictable income streams, indicating a strategic shift towards assets that can withstand energy shocks.
- Safe Haven Stocks: Analysis reveals five stocks that meet the criteria for safe havens, each boasting a Benzinga Edge Value Score of at least 85, highlighting their strong fundamentals and technical signals, making them attractive investments in the current market landscape.
- Company Performance Insights: For instance, White Mountain Insurance Group Ltd. has seen its stock reach all-time highs in 2026, trading at just 5 times earnings, indicating a strong buying opportunity, while other companies like APA Corp. and Northern Oil and Gas Inc. are also showing robust performance signals.
See More
Analysis of DVY ETF's 52-Week Price Fluctuations
- Price Range Analysis: DVY ETF's 52-week low is $115.94 per share, with a high of $158.915, and the latest trade at $148.01 indicates the current price is near its high, potentially attracting investor interest.
- Technical Analysis Tool: Comparing the latest share price to the 200-day moving average can provide valuable insights for investors, helping to assess market trends and identify potential buying opportunities.
- ETF Trading Mechanism: Exchange-traded funds (ETFs) trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting the underlying asset holdings.
- Liquidity Monitoring: Weekly monitoring of changes in shares outstanding for ETFs helps identify significant inflows or outflows, where inflows necessitate purchasing underlying assets, while outflows may lead to selling, affecting the ETF's overall performance.
See More
Edison International Launches 2026 Lineworker Scholarship Program
- Scholarship Amount: The 2026 Lineworker Scholarship offers up to $25,000 annually for up to 12 recipients, facilitating enrollment in the Powerline Worker Certificate program at Los Angeles Trade-Technical College, thereby paving the way for future careers in the energy sector.
- Program Background: Now in its sixth year, this scholarship initiative aims to provide essential training for individuals from diverse backgrounds to enter the energy and utility industry, addressing the increasing demand for skilled labor in the electrical grid sector.
- Career Outlook: According to the Bureau of Labor Statistics, employment for electrical power line installers and repairers is projected to grow by 7% from 2024 to 2034, primarily driven by rising electrical grid needs, indicating strong long-term growth potential in this field.
- Eligibility Criteria: The scholarship is open to applicants who meet specific requirements, with preference given to California residents, necessitating financial need, a high school diploma or equivalent, and eligibility to work in the U.S., ensuring alignment between workforce training and industry demand.
See More
Edison International Downgraded to Sell Amid Earnings Concerns
- Downgrade Impact: Analyst Paul Fremont downgraded Edison International from 'Neutral' to 'Sell', reducing the price target from $59.50 to $63, indicating a potential downside of approximately 17% from the current share price.
- Earnings Forecast Adjustment: Edison International expects core EPS for FY 2026 to range between $5.90 and $6.20, down from $6.55 in FY 2025, reflecting the earnings pressure the company is facing.
- Regulatory Factors: California Assembly Bill 2666 mandates the California Public Utilities Commission to adjust future authorized revenue requirements based on actual past costs, which could impact Southern California Edison’s earnings performance and increase future uncertainties.
- Investor Attention: While Edison International is listed among the best utility stocks for dividends in 2026, analysts believe that certain AI stocks offer greater upside potential and carry less downside risk, which may attract investor interest.
See More
Dividend History of Edison International's Trust Preference Securities
- Dividend Overview: Edison International's 5.00% Trust Preference Securities (SCE.PRL) recently declared a dividend of $0.3125 per share, demonstrating the company's ongoing commitment to stable dividends, which enhances investor confidence.
- ETF Composition Insight: According to ETF Finder, Edison International (EIX) constitutes 7.72% of the AGF U.S. Market Neutral Anti-Beta Fund ETF (BTAL), indicating its significant presence in the market, which may attract more investor attention.
- Market Performance Update: In Wednesday trading, Edison International's Trust Preference Securities (SCE.PRL) rose approximately 0.1%, while common shares (EIX) increased about 0.6%, reflecting positive market sentiment towards its stock, potentially driving future investment inflows.
- Investor Focus: As market interest in S.A.F.E. dividend stocks grows, Edison International's preferred shares may become a focal point for investors, further enhancing their appeal in the stock market.
See More
Edison International Wins Dismissal of Shareholder Lawsuit
- Lawsuit Dismissal: A U.S. District Court in Los Angeles dismissed a lawsuit against Edison International (EIX) alleging shareholder fraud before the January 2025 wildfires, stating that the company's claims of significantly reducing disaster loss risk were too vague for reasonable investors to rely on.
- Shareholder Allegations: Shareholders accused Southern California Edison of being 'structurally unable' to address extreme weather events and safely implement its Public Safety Power Shutoff program for wildfire mitigation, particularly before the devastating Eaton Fire last year.
- Wildfire Impact: The January 2025 wildfires resulted in 31 fatalities and damaged over 16,000 structures, with the Eaton Fire and the Palisades Fire being the primary sources of destruction, highlighting the company's challenges in disaster management.
- Power Shutoff Option: California's power shutoff option allows utilities to cut power to transmission lines during extreme weather capable of generating dangerous sparks, despite the company's previous claims that hardening power lines and trimming vegetation could reduce wildfire risk by as much as 90%.
See More
Iran War Triggers Surge in Oil Prices
- Surge in Oil Prices: The ongoing war in Iran has pushed oil prices above $100 per barrel, with expectations that this trend will persist, as approximately 20% of global oil supply is stranded due to fighting in the Strait of Hormuz, prompting swift market reactions, particularly in energy-dependent Europe and Asia.
- Investor Flight to Safety: In this uncertain market environment, investors are rapidly seeking low-beta stocks that offer strong dividends and predictable income streams, indicating a strategic shift towards assets that can withstand energy shocks.
- Safe Haven Stocks: Analysis reveals five stocks that meet the criteria for safe havens, each boasting a Benzinga Edge Value Score of at least 85, highlighting their strong fundamentals and technical signals, making them attractive investments in the current market landscape.
- Company Performance Insights: For instance, White Mountain Insurance Group Ltd. has seen its stock reach all-time highs in 2026, trading at just 5 times earnings, indicating a strong buying opportunity, while other companies like APA Corp. and Northern Oil and Gas Inc. are also showing robust performance signals.
See More
