Barrett Asset Management LLC lowered its holdings in shares of Public Service Enterprise Group Inc. (NYSE:PEG) by 31.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,425 shares of the utilities provider’s stock after selling 1,100 shares during the period. Barrett Asset Management LLC’s holdings in Public Service Enterprise Group were worth $125,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PEG. Dimensional Fund Advisors LP raised its position in Public Service Enterprise Group by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 911,146 shares of the utilities provider’s stock worth $39,188,000 after acquiring an additional 14,037 shares during the last quarter. Janus Henderson Group PLC raised its position in Public Service Enterprise Group by 529.9% during the second quarter. Janus Henderson Group PLC now owns 417,887 shares of the utilities provider’s stock worth $17,974,000 after acquiring an additional 351,547 shares during the last quarter. Gotham Asset Management LLC acquired a new position in Public Service Enterprise Group during the second quarter worth about $535,000. Colony Group LLC acquired a new position in Public Service Enterprise Group during the second quarter worth about $268,000. Finally, WINTON GROUP Ltd raised its position in Public Service Enterprise Group by 31.8% during the second quarter. WINTON GROUP Ltd now owns 28,839 shares of the utilities provider’s stock worth $1,240,000 after acquiring an additional 6,957 shares during the last quarter. Institutional investors own 66.85% of the company’s stock.

In related news, CEO Ralph Izzo sold 20,833 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $51.00, for a total value of $1,062,483.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Derek M. Dirisio sold 2,185 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $51.50, for a total transaction of $112,527.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,684 shares of company stock valued at $3,344,767. 0.61% of the stock is owned by insiders.

A number of equities research analysts have recently commented on PEG shares. Guggenheim reiterated a “buy” rating and set a $58.00 price target on shares of Public Service Enterprise Group in a report on Wednesday, January 3rd. ValuEngine upgraded shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Argus lifted their price target on shares of Public Service Enterprise Group from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Zacks Investment Research downgraded shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Mizuho downgraded shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating in a report on Monday, February 5th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $51.46.

Shares of Public Service Enterprise Group Inc. (NYSE:PEG) opened at $47.24 on Monday. Public Service Enterprise Group Inc. has a twelve month low of $41.67 and a twelve month high of $53.28. The stock has a market cap of $23,910.00, a P/E ratio of 46.31, a P/E/G ratio of 4.46 and a beta of 0.39. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.80 and a quick ratio of 0.56.

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About Public Service Enterprise Group

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.

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

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