Tredje AP fonden increased its stake in Public Service Enterprise Group Incorporated (NYSE:PEG) by 546,600.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,467 shares of the utilities provider’s stock after acquiring an additional 5,466 shares during the quarter. Tredje AP fonden’s holdings in Public Service Enterprise Group were worth $235,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in shares of Public Service Enterprise Group by 0.8% in the 1st quarter. Parallel Advisors LLC now owns 2,615 shares of the utilities provider’s stock valued at $114,000 after acquiring an additional 20 shares in the last quarter. Premier Asset Management LLC increased its stake in shares of Public Service Enterprise Group by 0.6% in the 2nd quarter. Premier Asset Management LLC now owns 5,356 shares of the utilities provider’s stock valued at $230,000 after acquiring an additional 31 shares in the last quarter. Cutter & CO Brokerage Inc. increased its stake in shares of Public Service Enterprise Group by 0.5% in the 1st quarter. Cutter & CO Brokerage Inc. now owns 8,304 shares of the utilities provider’s stock valued at $368,000 after acquiring an additional 38 shares in the last quarter. Advisor Partners LLC increased its stake in shares of Public Service Enterprise Group by 0.5% in the 2nd quarter. Advisor Partners LLC now owns 10,106 shares of the utilities provider’s stock valued at $435,000 after acquiring an additional 48 shares in the last quarter. Finally, Trustmark National Bank Trust Department increased its stake in shares of Public Service Enterprise Group by 0.9% in the 1st quarter. Trustmark National Bank Trust Department now owns 6,176 shares of the utilities provider’s stock valued at $274,000 after acquiring an additional 57 shares in the last quarter. Institutional investors own 65.97% of the company’s stock.

In related news, Chairman Ralph Izzo sold 30,000 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $42.83, for a total transaction of $1,284,900.00. Following the sale, the chairman now directly owns 748,121 shares of the company’s stock, valued at $32,042,022.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Derek M. Dirisio sold 1,500 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $47.11, for a total value of $70,665.00. The disclosure for this sale can be found here. Insiders have sold 54,900 shares of company stock worth $2,413,947 over the last ninety days. 0.61% of the stock is currently owned by insiders.

Several analysts have recently weighed in on PEG shares. BidaskClub upgraded shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Zacks Investment Research raised shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Public Service Enterprise Group in a research report on Tuesday, June 27th. Mizuho raised shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $44.50 to $50.00 in a research report on Friday, August 11th. Finally, Morgan Stanley lifted their price target on shares of Public Service Enterprise Group from $50.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $48.46.

TRADEMARK VIOLATION WARNING: “Public Service Enterprise Group Incorporated (PEG) Shares Bought by Tredje AP fonden” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/09/17/public-service-enterprise-group-incorporated-peg-shares-bought-by-tredje-ap-fonden.html.

Public Service Enterprise Group Incorporated (PEG) opened at 45.82 on Friday. The firm’s 50-day moving average is $46.19 and its 200-day moving average is $44.65. The stock has a market capitalization of $23.18 billion, a P/E ratio of 51.48 and a beta of 0.39. Public Service Enterprise Group Incorporated has a 12-month low of $39.28 and a 12-month high of $47.47.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. Public Service Enterprise Group had a return on equity of 11.46% and a net margin of 4.88%. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the firm posted $0.57 earnings per share. Analysts predict that Public Service Enterprise Group Incorporated will post $2.92 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.72 annualized dividend and a dividend yield of 3.75%. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 193.26%.

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.

Want to see what other hedge funds are holding PEG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Public Service Enterprise Group Incorporated (NYSE:PEG).

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

Receive News & Stock Ratings for Public Service Enterprise Group Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Service Enterprise Group Incorporated and related stocks with our FREE daily email newsletter.