The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Sign in to access this content
Sign InThrivent Financial for Lutherans significantly reduced its position in Public Service Enterprise Group (PEG) during the third quarter. The institutional investor liquidated over 1 million shares, representing a massive 97.8% decrease in its total holding. Following the sale, Thrivent retains only 24,868 shares in the utility company, valued at approximately $2.08 million. Despite this major sell-off by a single institution, market sentiment for PEG remains generally positive among broader financial analysts. The stock currently holds a 'Moderate Buy' consensus rating with an average price target of $90.96. Furthermore, PEG continues to offer a stable dividend yield of 3.0%, maintaining its appeal within the utilities sector.