Edison International Reaches Settlement Agreement with Woolsey Fire Victims.

Edison International has entered into a settlement agreement with Woolsey related to a lawsuit over the 2018 Woolsey Fire. The terms of the agreement are confidential. Edison International will continue to provide updates on the matter. The settlement does not impact the company's financial performance or dividend policy.

Edison International (NYSE: EIX) has reached a settlement agreement with Woolsey regarding a lawsuit stemming from the 2018 Woolsey Fire. The terms of the settlement are confidential, but Edison International has stated that the agreement will not impact its financial performance or dividend policy. The company has committed to providing updates on the matter.

Institutional investors have shown significant interest in Edison International, with several firms increasing their positions in the past quarter. Financiere des Professionnels Fonds d investissement inc. purchased 31,251 shares valued at approximately $1.61 million Financiere des Professionnels Fonds d investissement inc. Invests $1.61 Million in Edison International $EIX^[1]. Additionally, Krilogy Financial LLC acquired 12,419 shares valued at approximately $641,000 Krilogy Financial LLC Takes Position in Edison International $EIX^[2]. These investments highlight the confidence of institutional investors in Edison International's long-term prospects.

Edison International reported $0.97 earnings per share for the last quarter, exceeding analysts' expectations of $0.88, with a revenue increase of 4.8% year-over-year [^1, 2]. The company's financial performance remains strong, with a net margin of 16.00% and a return on equity of 11.99%. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year.

Despite the settlement, Edison International continues to be a favorite among analysts. Wolfe Research downgraded shares from an "outperform" rating to a "peer perform" rating, while Morgan Stanley reissued an "overweight" rating. UBS Group and Barclays also provided positive ratings and target price increases Financiere des Professionnels Fonds d investissement inc. Invests $1.61 Million in Edison International $EIX^[1]. Edison International currently has an average rating of "Moderate Buy" and an average price target of $71.15.

In conclusion, the settlement with Woolsey does not appear to have a significant impact on Edison International's financial health or dividend policy. The company continues to attract institutional investors and maintain strong financial performance. For the latest updates and more information, please refer to the company's official filings and announcements.