Public Service Enterprise Group (PEG) : Opus Investment Management Inc scooped up 18,000 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 Nov 14, 2016. The investment management firm now holds a total of 132,400 shares of Public Service Enterprise Group which is valued at $5,292,028.Public Service Enterprise Group makes up approximately 0.92% of Opus Investment Management Inc’s portfolio.
Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in PEG by selling 84,009 shares or 11.69% in the most recent quarter. The Hedge Fund company now holds 634,466 shares of PEG which is valued at $25,359,606. Public Service Enterprise Group makes up approx 0.09% of Aberdeen Asset Management Plcuk’s portfolio.Assetmark Inc boosted its stake in PEG in the latest quarter, The investment management firm added 4,093 additional shares and now holds a total of 14,572 shares of Public Service Enterprise Group which is valued at $595,995. Public Service Enterprise Group makes up approx 0.01% of Assetmark Inc’s portfolio.
Public Service Enterprise Group closed down -0.38 points or -0.93% at $40.34 with 27,68,387 shares getting traded on Monday. Post opening the session at $40.68, the shares hit an intraday low of $40.11 and an intraday high of $40.89 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Public Service Enterprise Group reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 31, 2016. Analyst had a consensus of $0.83.Analysts expectations of $ 2712.05.During the same quarter in the previous year, the company posted $0.80 EPS.
Investors should note that on Nov 15, 2016, Public Service Enterprise Group announced a cash dividend of $0.4100. The company’s management has announced Dec 7, 2016 as the ex-dividend date and fixed the record date on Dec 9, 2016. The payable date has been fixed on Dec 30, 2016.
Many Wall Street Analysts have commented on Public Service Enterprise Group. Public Service Enterprise Group was Upgraded by Goldman to ” Buy” on Oct 17, 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.