American Century Companies Inc. lessened its holdings in Public Service Enterprise Group Inc. (NYSE:PEG) by 39.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 216,568 shares of the utilities provider’s stock after selling 139,133 shares during the quarter. American Century Companies Inc.’s holdings in Public Service Enterprise Group were worth $11,433,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Northern Trust Corp lifted its position in shares of Public Service Enterprise Group by 1.3% during the 2nd quarter. Northern Trust Corp now owns 5,783,332 shares of the utilities provider’s stock valued at $313,109,000 after buying an additional 71,786 shares in the last quarter. FMR LLC lifted its position in shares of Public Service Enterprise Group by 4.0% during the 2nd quarter. FMR LLC now owns 4,829,070 shares of the utilities provider’s stock valued at $261,445,000 after buying an additional 184,169 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Public Service Enterprise Group by 20.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,328,952 shares of the utilities provider’s stock valued at $228,525,000 after buying an additional 729,547 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Public Service Enterprise Group by 100.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,468,152 shares of the utilities provider’s stock valued at $185,421,000 after buying an additional 1,734,031 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Public Service Enterprise Group by 1.7% during the 2nd quarter. Legal & General Group Plc now owns 3,278,681 shares of the utilities provider’s stock valued at $177,509,000 after buying an additional 53,372 shares in the last quarter. Institutional investors own 67.35% of the company’s stock.

In other Public Service Enterprise Group news, insider Derek M. Dirisio sold 2,300 shares of the firm’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $53.02, for a total value of $121,946.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Ralph Izzo sold 52,407 shares of the firm’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $52.57, for a total value of $2,755,035.99. Following the completion of the sale, the chairman now directly owns 558,073 shares of the company’s stock, valued at $29,337,897.61. The disclosure for this sale can be found here. Insiders sold a total of 156,942 shares of company stock worth $8,272,885 in the last 90 days. 0.58% of the stock is currently owned by insiders.

A number of research analysts have recently issued reports on the company. Mizuho reiterated a “hold” rating and set a $50.00 target price on shares of Public Service Enterprise Group in a research report on Monday, August 6th. Citigroup upgraded Public Service Enterprise Group from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Tuesday, October 9th. Morgan Stanley decreased their target price on Public Service Enterprise Group from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Friday, September 21st. Argus raised their price objective on Public Service Enterprise Group from $60.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 17th. Finally, MED restated a “buy” rating on shares of Public Service Enterprise Group in a report on Monday, November 5th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $56.46.

Shares of PEG stock opened at $54.56 on Tuesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.51 and a current ratio of 0.72. The firm has a market capitalization of $27.45 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 2.61 and a beta of 0.28. Public Service Enterprise Group Inc. has a fifty-two week low of $46.19 and a fifty-two week high of $56.68.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings data on Tuesday, October 30th. The utilities provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.62 billion. Public Service Enterprise Group had a return on equity of 11.24% and a net margin of 23.54%. During the same quarter last year, the firm posted $0.82 EPS. Sell-side analysts expect that Public Service Enterprise Group Inc. will post 3.1 EPS for the current year.

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Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid- Atlantic United States. It operates through two segments, PSE&G and Power. The PSE&G segment transmits electricity; and distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs to customers.

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

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