JPMorgan Chase & Co. Sells 958,223 Shares of Edison International $EIX

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JPMorgan Chase & Co. has reduced its stake in Edison International (NYSE:EIX) by selling 958,223 shares, cutting its holdings by 31.6% to 2,074,168 shares, now valued at approximately $114.7 million. This comes as Edison International reported strong Q4 results, beating consensus estimates, and set optimistic EPS targets and a dividend. Despite some mixed analyst sentiment, the company maintains an average “Hold” rating, with its stock trading near a 12-month high.

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