Swiss National Bank Has $96.10 Million Holdings in Public Service Enterprise Group Inc. (PEG)

Swiss National Bank grew its position in Public Service Enterprise Group Inc. (NYSE:PEG) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,866,077 shares of the utilities provider’s stock after purchasing an additional 2,400 shares during the period. Swiss National Bank owned about 0.37% of Public Service Enterprise Group worth $96,103,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sentry Investment Management LLC raised its holdings in Public Service Enterprise Group by 1.1% in the second quarter. Sentry Investment Management LLC now owns 39,158 shares of the utilities provider’s stock worth $1,684,000 after purchasing an additional 410 shares during the period. Advisory Services Network LLC raised its holdings in Public Service Enterprise Group by 11.7% in the second quarter. Advisory Services Network LLC now owns 5,149 shares of the utilities provider’s stock worth $221,000 after purchasing an additional 541 shares during the period. Boston Advisors LLC raised its holdings in Public Service Enterprise Group by 0.4% in the fourth quarter. Boston Advisors LLC now owns 234,061 shares of the utilities provider’s stock worth $12,054,000 after purchasing an additional 1,017 shares during the period. Cable Hill Partners LLC raised its holdings in Public Service Enterprise Group by 33.4% in the third quarter. Cable Hill Partners LLC now owns 4,093 shares of the utilities provider’s stock worth $190,000 after purchasing an additional 1,025 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in Public Service Enterprise Group by 7.1% in the third quarter. Daiwa Securities Group Inc. now owns 15,476 shares of the utilities provider’s stock worth $716,000 after purchasing an additional 1,026 shares during the period. Institutional investors own 66.40% of the company’s stock.

Several equities research analysts have weighed in on PEG shares. Mizuho lowered shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating in a report on Monday, February 5th. They noted that the move was a valuation call. Morgan Stanley cut their target price on shares of Public Service Enterprise Group from $54.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday. Argus increased their target price on shares of Public Service Enterprise Group from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Zacks Investment Research lowered shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Wells Fargo & Co upgraded shares of Public Service Enterprise Group from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 1st. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Public Service Enterprise Group has a consensus rating of “Buy” and a consensus target price of $51.04.

In related news, insider Derek M. Dirisio sold 2,185 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $51.50, for a total value of $112,527.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Ralph Izzo sold 20,833 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $51.25, for a total transaction of $1,067,691.25. Following the completion of the transaction, the chairman now directly owns 645,934 shares of the company’s stock, valued at approximately $33,104,117.50. The disclosure for this sale can be found here. Insiders have sold 64,684 shares of company stock valued at $3,344,767 in the last three months. 0.61% of the stock is owned by insiders.

Shares of Public Service Enterprise Group Inc. (NYSE PEG) opened at $47.62 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 0.86. Public Service Enterprise Group Inc. has a 12-month low of $41.67 and a 12-month high of $53.28. The stock has a market cap of $23,905.27, a price-to-earnings ratio of 46.23, a PEG ratio of 4.46 and a beta of 0.39.

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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.

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

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