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Duff & Phelps Investment Management Co. Has $98.69 Million Stock Holdings in Public Service Enterprise Group Incorporated $PEG
Duff & Phelps Investment Management Co. significantly increased its stake in Public Service Enterprise Group (NYSE:PEG) by 13.1% in the third quarter, bringing its total holdings to $98.69 million. Other institutional investors like Vanguard Group Inc., State Street Corp, and Bank of America Corp DE also adjusted their positions in the utility provider. This news comes as Public Service Enterprise Group’s stock recently saw a slight dip, although the company announced an increased quarterly dividend and received a consensus “Moderate Buy” rating from analysts with a target price of $92.73.