Edison International traded at $73.50 this Wednesday July 1st, decreasing $0.95 or 1.28 percent since the previous trading session. Looking back, over the last four weeks, Edison International lost 3.64 percent. Over the last 12 months, its price rose by 39.84 percent. Looking ahead, we forecast Edison International to be priced at 74.10 by the end of this quarter and at 69.57 in one year, according to Trading Economics global macro models projections and analysts expectations.
Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc. (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers. SCE's projects include West of Devers, Mesa Substation, Alberhill System, Riverside Transmission Reliability, Eldorado-Lugo-Mohave Upgrade, Tehachapi and Coolwater-Lugo. As of December 31, 2016, the West of Devers Project consisted of upgrading and reconfiguring approximately 48 miles of existing 220 kilovolt (kV) transmission lines between the Devers, El Casco, Vista and San Bernardino substations.