Merit Financial Group LLC Grows Position in Edison International $EIX

Merit Financial Group LLC significantly increased its stake in Edison International (NYSE:EIX) by 82.5% in Q4, acquiring 35,833 additional shares to bring its total holdings to 79,253 shares valued at approximately $4.76 million. This increase reflects institutional confidence, with roughly 88.95% of the stock owned by hedge funds and other institutional investors. Edison International recently reported strong Q4 earnings, beating expectations with $1.87 EPS and $5.21 billion in revenue, and declared a quarterly dividend of $0.8775 per share, representing an annualized yield of 5.0%.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin