Rhumbline Advisers increased its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 880,469 shares of the utilities provider’s stock after acquiring an additional 7,070 shares during the period. Rhumbline Advisers owned approximately 0.17% of Public Service Enterprise Group worth $40,722,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Public Service Enterprise Group by 2.4% during the second quarter. Vanguard Group Inc. now owns 35,870,541 shares of the utilities provider’s stock worth $1,542,792,000 after acquiring an additional 828,458 shares during the period. Federated Investors Inc. PA increased its stake in Public Service Enterprise Group by 179.9% in the 2nd quarter. Federated Investors Inc. PA now owns 6,711,861 shares of the utilities provider’s stock worth $288,677,000 after purchasing an additional 4,314,015 shares in the last quarter. Legal & General Group Plc increased its stake in Public Service Enterprise Group by 5.6% in the 2nd quarter. Legal & General Group Plc now owns 3,140,935 shares of the utilities provider’s stock worth $135,094,000 after purchasing an additional 167,240 shares in the last quarter. FMR LLC increased its stake in Public Service Enterprise Group by 20.2% in the 2nd quarter. FMR LLC now owns 2,605,260 shares of the utilities provider’s stock worth $112,051,000 after purchasing an additional 438,684 shares in the last quarter. Finally, BT Investment Management Ltd increased its stake in Public Service Enterprise Group by 26.6% in the 3rd quarter. BT Investment Management Ltd now owns 2,496,675 shares of the utilities provider’s stock worth $115,492,000 after purchasing an additional 524,609 shares in the last quarter. 65.03% of the stock is currently owned by hedge funds and other institutional investors.

In related news, COO Ralph A. Larossa sold 33,000 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $50.12, for a total transaction of $1,653,960.00. Following the completion of the transaction, the chief operating officer now directly owns 81,241 shares in the company, valued at $4,071,798.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Derek M. Dirisio sold 1,500 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was 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 sold 242,433 shares of company stock valued at $11,901,112 over the last 90 days. Corporate insiders own 0.61% of the company’s stock.

Public Service Enterprise Group Incorporated (NYSE PEG) traded down $0.41 during trading hours on Thursday, reaching $51.31. The company’s stock had a trading volume of 3,771,300 shares, compared to its average volume of 2,752,316. Public Service Enterprise Group Incorporated has a 1 year low of $40.11 and a 1 year high of $52.12. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $26,172.33, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 6.77 and a beta of 0.39.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.02). Public Service Enterprise Group had a return on equity of 11.33% and a net margin of 5.73%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter last year, the company earned $0.88 earnings per share. The firm’s revenue was down 7.6% compared to the same quarter last year. sell-side analysts expect that Public Service Enterprise Group Incorporated will post 2.92 EPS for the current year.

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A number of equities analysts recently weighed in on the company. Morgan Stanley lifted their price target on Public Service Enterprise Group from $50.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Citigroup Inc. reissued a “neutral” rating and issued a $49.00 price target (up previously from $44.00) on shares of Public Service Enterprise Group in a research note on Thursday, August 10th. Zacks Investment Research raised Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Tuesday, August 1st. Mizuho raised Public Service Enterprise Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $44.50 to $50.00 in a research note on Friday, August 11th. Finally, Barclays PLC raised Public Service Enterprise Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $49.00 to $51.00 in a research note on Friday, September 22nd. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Public Service Enterprise Group has a consensus rating of “Buy” and a consensus target price of $50.42.

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.

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

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