California's quest to eliminate carbon emissions from the economy by 2045 offers Edison International more growth opportunities than most utilities. However, Edison must navigate the political, regulatory, and operating challenges in California to make it payoff for investors.
With Edison's $7 billion of planned annual investment during the next four years, we project 7% average annual earnings growth.
Wildfires in California are a significant political and financial risk even with state legislation that offers financial protection.
|
Metric
|
EIX
|
POR
|
SRE
|
|---|---|---|---|
Price/Earnings (Normalized) | 15.36 | 19.14 | 15.62 |
Price/Book Value | 1.97 | 1.32 | 1.64 |
Price/Sales | 1.68 | 1.45 | 2.72 |
Price/Cash Flow | 6.72 | 5.68 | 8.46 |
|
Metric
|
EIX
|
POR
|
SRE
|
|---|---|---|---|
Quick Ratio | 0.36 | 0.38 | 0.30 |
Current Ratio | 0.79 | 0.84 | 0.54 |
Interest Coverage | 1.77 | 2.58 | 2.88 |
|
Metric
|
EIX
|
POR
|
SRE
|
|---|---|---|---|
Return on Assets (Normalized) | 2.29% | 2.21% | 4.07% |
Return on Equity (Normalized) | 13.29% | 7.42% | 12.49% |
Return on Invested Capital (Normalized) | 5.89% | 5.24% | 6.97% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
NEE
| NextEra Energy Inc | Lfwkymhld | Bjpsss | $137.4 Bil | |
SO
| Southern Co | Sjxppzhmt | Klzlsq | $81.4 Bil | |
DUK
| Duke Energy Corp | Zzgfsyz | Wdwxf | $76.4 Bil | |
NGG
| National Grid PLC ADR | Gdwzslhd | Xcld | $48.5 Bil | |
AEP
| American Electric Power Co Inc | Hxzgykcym | Tstgdv | $45.5 Bil | |
PCG
| PG&E Corp | Bzhpdtmt | Gymt | $44.6 Bil | |
D
| Dominion Energy Inc | Jjwglpll | Kjjzs | $42.7 Bil | |
EXC
| Exelon Corp | Pyhtwkg | Xbgfbb | $37.7 Bil | |
PEG
| Public Service Enterprise Group Inc | Grbznftv | Ynqst | $33.5 Bil | |
ED
| Consolidated Edison Inc | Wgkfntpv | Tfw | $32.5 Bil |
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