Community Bank N.a. buys $3,751,254 stake in Public Service Enterprise Group (PEG)

Public Service Enterprise Group (PEG) : Community Bank N.a. scooped up 2,880 additional shares in Public Service Enterprise Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 91,561 shares of Public Service Enterprise Group which is valued at $3,751,254.Public Service Enterprise Group makes up approximately 0.87% of Community Bank N.a.’s portfolio.

Other Hedge Funds, Including , Dalton Greiner Hartman Maher Co reduced its stake in PEG by selling 63,613 shares or 19.16% in the most recent quarter. The Hedge Fund company now holds 268,394 shares of PEG which is valued at $10,996,102. Public Service Enterprise Group makes up approx 0.73% of Dalton Greiner Hartman Maher Co’s portfolio.Central Bank Trust Co reduced its stake in PEG by selling 241 shares or 21.01% in the most recent quarter. The Hedge Fund company now holds 906 shares of PEG which is valued at $36,892. Public Service Enterprise Group makes up approx 0.01% of Central Bank Trust Co’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.

Public Service Enterprise Group closed down -0.27 points or -0.66% at $40.59 with 24,90,118 shares getting traded on Tuesday. Post opening the session at $40.78, the shares hit an intraday low of $40.45 and an intraday high of $40.94 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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 Company’s 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.

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