Matthew Davis’ Coann Capital Portfolio: Top 5 Stock Picks

4. Public Service Enterprise Group Incorporated (NYSE:PEG)

Coann Capital’s Stake Value: $8,134,000

Percentage of Coann Capital’s 13F Portfolio: 7.84%

Number of Hedge Fund Holders: 26

Public Service Enterprise Group Incorporated (NYSE:PEG) is an investor-owned utility company from New Jersey, offering electricity and gas to customers since 1928. Matthew Davis’ Coann Capital holds 133,557 shares in Public Service Enterprise Group Incorporated (NYSE:PEG), worth $8.1 million, representing 7.84% of the firm’s portfolio as of September this year. 

As of the second quarter of 2021, 26 hedge funds were long Public Service Enterprise Group Incorporated (NYSE:PEG), up from 24 in the preceding quarter. 

Public Service Enterprise Group Incorporated (NYSE:PEG) on November 2 reported a Q3 EPS of $0.98, beating estimates by $0.06. Revenue for the quarter totaled $1.90 billion, exceeding estimated revenue by -$947.01 million. 

On October 11, Mizuho analyst Paul Fremont kept a Buy rating on the Public Service Enterprise Group Incorporated (NYSE:PEG) stock, raising the price target from $66 to $67.