Unigestion Holding SA lowered its holdings in shares of Public Service Enterprise Group Inc. (NYSE:PEG) by 7.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,673,379 shares of the utilities provider’s stock after selling 129,750 shares during the period. Public Service Enterprise Group comprises 2.9% of Unigestion Holding SA’s portfolio, making the stock its 2nd largest holding. Unigestion Holding SA owned approximately 0.33% of Public Service Enterprise Group worth $103,883,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Berman Capital Advisors LLC grew its stake in Public Service Enterprise Group by 79.0% during the second quarter. Berman Capital Advisors LLC now owns 460 shares of the utilities provider’s stock worth $27,000 after buying an additional 203 shares during the period. Stonebridge Capital Advisors LLC acquired a new stake in shares of Public Service Enterprise Group during the second quarter worth $29,000. Capital Investment Advisory Services LLC raised its holdings in shares of Public Service Enterprise Group by 123.0% during the third quarter. Capital Investment Advisory Services LLC now owns 475 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 262 shares during the period. Executive Wealth Management LLC raised its holdings in shares of Public Service Enterprise Group by 137.4% during the second quarter. Executive Wealth Management LLC now owns 781 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 452 shares during the period. Finally, Bridger Capital Management LLC acquired a new stake in shares of Public Service Enterprise Group during the third quarter worth $50,000. 69.28% of the stock is owned by institutional investors and hedge funds.

In other news, VP Daniel J. Cregg sold 625 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $57.33, for a total transaction of $35,831.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Ralph A. Larossa sold 1,650 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $63.05, for a total transaction of $104,032.50. The disclosure for this sale can be found here. Insiders sold a total of 9,201 shares of company stock valued at $561,770 in the last quarter. 0.51% of the stock is currently owned by insiders.

Shares of Public Service Enterprise Group stock traded up $0.16 during trading on Friday, hitting $61.43. 1,311,455 shares of the stock were exchanged, compared to its average volume of 2,475,524. The stock’s fifty day moving average is $62.18 and its 200 day moving average is $60.19. The stock has a market cap of $31.31 billion, a PE ratio of 19.69, a P/E/G ratio of 5.16 and a beta of 0.28. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.52 and a current ratio of 0.75. Public Service Enterprise Group Inc. has a 12 month low of $49.22 and a 12 month high of $63.88.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.03. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.55 billion. Public Service Enterprise Group had a net margin of 14.45% and a return on equity of 11.01%. During the same quarter in the prior year, the firm posted $0.95 EPS. Sell-side analysts anticipate that Public Service Enterprise Group Inc. will post 3.25 EPS for the current fiscal year.

A number of brokerages have weighed in on PEG. ValuEngine cut shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Citigroup lowered shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $61.00 price target for the company. in a research report on Monday, July 29th. UBS Group upped their price target on shares of Public Service Enterprise Group from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Mizuho upped their price target on shares of Public Service Enterprise Group from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Bank of America lowered shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $65.00 price target for the company. in a research report on Friday, July 19th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Public Service Enterprise Group currently has an average rating of “Hold” and a consensus target price of $63.16.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid- Atlantic United States. It operates through two segments, PSE&G and Power. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs to customers.

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

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