Public Service Enterprise Group (PEG) : Central Bank Trust Co reduced its stake in Public Service Enterprise Group by 21.01% during the most recent quarter end. The investment management company now holds a total of 906 shares of Public Service Enterprise Group which is valued at $36,892 after selling 241 shares in Public Service Enterprise Group , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Public Service Enterprise Group makes up approximately 0.01% of Central Bank Trust Co’s portfolio.
Other Hedge Funds, Including , Arvest Bank Trust Division reduced its stake in PEG by selling 1,094 shares or 0.6% in the most recent quarter. The Hedge Fund company now holds 179,981 shares of PEG which is valued at $7,328,826. Public Service Enterprise Group makes up approx 0.62% of Arvest Bank Trust Division’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in PEG by selling 204,286 shares or 69.34% in the most recent quarter. The Hedge Fund company now holds 90,347 shares of PEG which is valued at $3,683,447. Public Service Enterprise Group makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.Independent Portfolio Consultants reduced its stake in PEG by selling 140 shares or 13.44% in the most recent quarter. The Hedge Fund company now holds 902 shares of PEG which is valued at $36,775. Public Service Enterprise Group makes up approx 0.01% of Independent Portfolio Consultants’s portfolio. Washington Trust Bank added PEG to its portfolio by purchasing 80 company shares during the most recent quarter which is valued at $3,262.
Public Service Enterprise Group closed down -0.03 points or -0.07% at $40.72 with 32,69,469 shares getting traded on Friday. Post opening the session at $41.06, the shares hit an intraday low of $40.7 and an intraday high of $41.51 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Public Service Enterprise Group reported $0.57 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $0.58.Analysts expectations of $ 2347.30.During the same quarter in the previous year, the company posted $0.57 EPS.
Many Wall Street Analysts have commented on Public Service Enterprise Group. Public Service Enterprise Group was Upgraded by Morgan Stanley to ” Equal-Weight” on Jul 13, 2016.
Public Service Enterprise Group Incorporated (PSEG) is an energy holding company engaged in the transmission of electricity and distribution of electricity and natural gas. Its operations are located in the Northeastern and Mid- Atlantic United States. It conducts its business through two direct wholly owned subsidiaries: PSEG Power LLC (Power) and Public Service Electric and Gas Company (PSE&G). The Companys other direct wholly owned subsidiaries are PSEG Energy Holdings L.L.C. which owns and manages a portfolio of lease investments; PSEG Long Island LLC which operates the Long Island Power Authority’s (LIPA) transmission and distribution system under a contractual agreement and PSEG Services Corporation which provides certain management administrative and general services to PSEG and its subsidiaries.