Todd Asset Management LLC reduced its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG) by 4.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 338,707 shares of the utilities provider’s stock after selling 14,385 shares during the period. Todd Asset Management LLC owned approximately 0.07% of Public Service Enterprise Group worth $15,665,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hudock Capital Group LLC lifted its holdings in Public Service Enterprise Group by 38.8% in the second quarter. Hudock Capital Group LLC now owns 2,629 shares of the utilities provider’s stock valued at $113,000 after buying an additional 735 shares during the period. Vantage Investment Advisors LLC lifted its holdings in Public Service Enterprise Group by 35.3% in the second quarter. Vantage Investment Advisors LLC now owns 2,685 shares of the utilities provider’s stock valued at $115,000 after buying an additional 700 shares during the period. Parallel Advisors LLC lifted its holdings in Public Service Enterprise Group by 6.0% in the second quarter. Parallel Advisors LLC now owns 2,772 shares of the utilities provider’s stock valued at $125,000 after buying an additional 157 shares during the period. IHT Wealth Management LLC lifted its holdings in Public Service Enterprise Group by 45.9% in the second quarter. IHT Wealth Management LLC now owns 642 shares of the utilities provider’s stock valued at $131,000 after buying an additional 202 shares during the period. Finally, Gradient Investments LLC lifted its holdings in Public Service Enterprise Group by 331.2% in the second quarter. Gradient Investments LLC now owns 3,234 shares of the utilities provider’s stock valued at $139,000 after buying an additional 2,484 shares during the period. Institutional investors and hedge funds own 65.03% of the company’s stock.

Several equities research analysts have commented on the stock. Wells Fargo & Company raised shares of Public Service Enterprise Group from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 1st. Zacks Investment Research downgraded shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Argus upped their target price on shares of Public Service Enterprise Group from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Bank of America Corporation assumed coverage on shares of Public Service Enterprise Group in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $49.00 target price for the company. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $46.50 target price on shares of Public Service Enterprise Group in a research note on Thursday, October 12th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $50.42.

Shares of Public Service Enterprise Group Incorporated (NYSE PEG) traded up $0.28 during mid-day trading on Tuesday, hitting $50.66. 3,610,900 shares of the stock traded hands, compared to its average volume of 2,744,325. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.80 and a quick ratio of 0.56. Public Service Enterprise Group Incorporated has a 52 week low of $39.28 and a 52 week high of $51.03. The company has a market capitalization of $25,640.00, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 6.59 and a beta of 0.39.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the prior year, the company earned $0.88 EPS. The firm’s revenue was down 7.6% on a year-over-year basis. sell-side analysts predict that Public Service Enterprise Group Incorporated will post 2.92 earnings per share for the current fiscal year.

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In related news, insider Derek M. Dirisio sold 1,500 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $47.11, for a total transaction of $70,665.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Ralph A. Larossa sold 33,000 shares of the stock in a transaction on 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 transaction, the chief operating officer now owns 81,241 shares of the company’s stock, valued at approximately $4,071,798.92. The disclosure for this sale can be found here. Insiders have sold 242,433 shares of company stock valued at $11,901,112 in the last three months. 0.61% of the stock is owned by insiders.

About Public Service Enterprise Group

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.

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

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