Public Service Enterprise Group (PEG) : Adams Asset Advisors reduced its stake in Public Service Enterprise Group by 5.44% during the most recent quarter end. The investment management company now holds a total of 95,185 shares of Public Service Enterprise Group which is valued at $4,322,351 after selling 5,471 shares in Public Service Enterprise Group , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Public Service Enterprise Group makes up approximately 0.72% of Adams Asset Advisors’s portfolio.
Other Hedge Funds, Including , First Quadrant L Pca reduced its stake in PEG by selling 120,200 shares or 24.1% in the most recent quarter. The Hedge Fund company now holds 378,600 shares of PEG which is valued at $17,192,226. Public Service Enterprise Group makes up approx 0.37% of First Quadrant L Pca’s portfolio.Nisa Investment Advisors boosted its stake in PEG in the latest quarter, The investment management firm added 47,120 additional shares and now holds a total of 129,870 shares of Public Service Enterprise Group which is valued at $5,961,033. Public Service Enterprise Group makes up approx 0.08% of Nisa Investment Advisors’s portfolio.Alpha Windward reduced its stake in PEG by selling 65 shares or 1.35% in the most recent quarter. The Hedge Fund company now holds 4,734 shares of PEG which is valued at $218,427. Public Service Enterprise Group makes up approx 0.16% of Alpha Windward’s portfolio.First Premier Bank reduced its stake in PEG by selling 1,198 shares or 1.46% in the most recent quarter. The Hedge Fund company now holds 80,796 shares of PEG which is valued at $3,727,927. Public Service Enterprise Group makes up approx 2.82% of First Premier Bank’s portfolio.
Public Service Enterprise Group closed down -0.44 points or -0.96% at $45.41 with 21,90,320 shares getting traded on Wednesday. Post opening the session at $45.85, the shares hit an intraday low of $45.33 and an intraday high of $45.985 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Public Service Enterprise Group reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.88.Analysts expectations of $ 2692.87.During the same quarter in the previous year, the company posted $1.04 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 was Downgraded by BofA/Merrill to ” Underperform” on Jun 7, 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.