Regentatlantic Capital LLC Has $1.80 Million Position in Public Service Enterprise Group Incorporated (NYSE:PEG)

Regentatlantic Capital LLC cut its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 11.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,900 shares of the utilities provider’s stock after selling 5,082 shares during the quarter. Regentatlantic Capital LLC’s holdings in Public Service Enterprise Group were worth $1,799,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Premier Asset Management LLC boosted its position in Public Service Enterprise Group by 0.6% during the second quarter. Premier Asset Management LLC now owns 5,356 shares of the utilities provider’s stock valued at $230,000 after purchasing an additional 31 shares during the last quarter. Wsfs Capital Management LLC lifted its holdings in Public Service Enterprise Group by 0.5% during the 2nd quarter. Wsfs Capital Management LLC now owns 9,123 shares of the utilities provider’s stock worth $392,000 after buying an additional 44 shares in the last quarter. Advisor Partners LLC raised its position in shares of Public Service Enterprise Group by 0.5% during the 2nd quarter. Advisor Partners LLC now owns 10,106 shares of the utilities provider’s stock valued at $435,000 after acquiring an additional 48 shares during the last quarter. FCG Advisors LLC raised its position in shares of Public Service Enterprise Group by 0.4% during the 2nd quarter. FCG Advisors LLC now owns 12,005 shares of the utilities provider’s stock valued at $516,000 after acquiring an additional 52 shares during the last quarter. Finally, Alpha Windward LLC increased its position in shares of Public Service Enterprise Group by 1.3% in the 2nd quarter. Alpha Windward LLC now owns 4,991 shares of the utilities provider’s stock valued at $215,000 after buying an additional 66 shares in the last quarter. Institutional investors own 65.03% of the company’s stock.

In other Public Service Enterprise Group news, insider Derek M. Dirisio sold 1,500 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $47.11, for a total value of $70,665.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Ralph A. Larossa sold 33,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $50.12, for a total transaction of $1,653,960.00. Following the completion of the sale, the chief operating officer now directly owns 81,241 shares of the company’s stock, valued at $4,071,798.92. The disclosure for this sale can be found here. Insiders sold a total of 242,433 shares of company stock valued at $11,901,112 over the last ninety days. 0.61% of the stock is currently owned by insiders.

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Several brokerages recently issued reports on PEG. Zacks Investment Research downgraded shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC restated a “hold” rating and issued a $46.50 target price on shares of Public Service Enterprise Group in a research report on Thursday, October 12th. Barclays PLC upgraded shares of Public Service Enterprise Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $49.00 to $51.00 in a report on Friday, September 22nd. Morgan Stanley lifted their price target on shares of Public Service Enterprise Group from $50.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $47.00 price target on shares of Public Service Enterprise Group in a report on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Public Service Enterprise Group has an average rating of “Buy” and a consensus price target of $50.42.

Public Service Enterprise Group Incorporated (NYSE PEG) traded up $0.28 on Tuesday, reaching $50.66. 3,610,900 shares of the company’s stock traded hands, compared to its average volume of 2,744,325. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $25,640.00, a P/E ratio of 17.37, a P/E/G ratio of 6.59 and a beta of 0.39. Public Service Enterprise Group Incorporated has a 12-month low of $39.28 and a 12-month high of $51.03.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Tuesday, October 31st. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.02). Public Service Enterprise Group had a return on equity of 11.33% and a net margin of 5.73%. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the firm earned $0.88 earnings per share. The company’s revenue was down 7.6% on a year-over-year basis. analysts forecast that Public Service Enterprise Group Incorporated will post 2.92 earnings per share for the current fiscal year.

Public Service Enterprise Group Profile

Public Service Enterprise Group Incorporated (PSEG) is a holding company. The Company is an energy company with operations located primarily in the Northeastern and Mid-Atlantic United States. The Company’s segments include Public Service Electric and Gas Company (PSE&G), PSEG Power LLC (Power) and Other.

Institutional Ownership by Quarter for Public Service Enterprise Group (NYSE:PEG)

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