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M&G PLC Sells 618,943 Shares of Edison International $EIX
M&G PLC significantly reduced its stake in Edison International (NYSE:EIX) by selling 618,943 shares, decreasing its position by 40.3% during the third quarter. Despite this, other institutional investors have mostly increased their holdings, and the company recently announced an increased quarterly dividend of $0.8775 per share. Edison International, a utilities provider, has received mixed analyst ratings, with a consensus “Hold” rating and a target price of $64.10.