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Public Service Enterprise Group Incorporated $PEG Shares Sold by Allianz Asset Management GmbH
Allianz Asset Management GmbH significantly reduced its stake in Public Service Enterprise Group (NYSE:PEG) by 34.5% during Q3, selling 94,218 shares and retaining 178,551 shares valued at approximately $14.9 million. Other hedge funds also adjusted their positions in the utilities provider. Public Service Enterprise Group currently holds an average analyst rating of “Moderate Buy” with a target price of $90.96 and recently announced a quarterly dividend of $0.63 per share.