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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%.