Peapack Gladstone cuts stake in PEG, but analysts give a "Moderate Buy" after strong earnings.
Peapack Gladstone Financial Corp reduced its holdings in Public Service Enterprise Group (PEG) by 0.4%, while other firms like Heritage Wealth Management and DRW Securities bought new stakes. PEG's third-quarter earnings beat expectations, with a $0.90 EPS, and analysts have raised price targets, giving a consensus "Moderate Buy" rating. The stock has a market cap of $42.82 billion and a dividend yield of 2.79%.
4 months ago
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