First National Trust Co Acquires $1.01M in Edison International Shares Amid Dividend Hike

First National Trust Co has established a new position in Edison International (EIX), acquiring 18,342 shares valued at approximately $1.01 million. This strategic investment comes as the utility provider recently increased its quarterly dividend to $0.8775 per share, offering an attractive 5.4% yield. Despite this institutional interest, financial analysts maintain a consensus "Hold" rating for EIX, with a target price set at $63.30. While the acquisition signals confidence from First National Trust Co, the modest size of the stake, coupled with the analyst consensus, suggests a neutral overall market impact. This move reflects ongoing institutional portfolio adjustments within the utility sector.