Edison International (EIX) was listed among the top 20 stocks on the Dividend Contenders List. Morgan Stanley raised its price target on EIX to $61 from $57, noting utilities lagged the market in December. The company declared a quarterly dividend of $0.8775 per share, raising the annual dividend to $3.51 per share.

CEO Pedro Pizarro stated the increase reflects confidence in the company’s financial position and commitment to long-term growth. Edison International is a major electric utility holding company in the U.S., focusing on clean, reliable energy services. While EIX shows potential, other AI stocks may offer greater upside.

Investors seeking an undervalued AI stock can benefit from Trump-era tariffs and the onshoring trend. For more insights on the best short-term AI stock, check out the free report. The company’s dividend growth streak reflects its stability and management’s commitment to delivering value to shareholders.

Read more at Yahoo Finance: Edison International (EIX) in Focus as Morgan Stanley Refreshes its Utilities Outlook