Oppenheimer & Co. Inc. lessened its holdings in shares of Public Service Enterprise Group Inc. (NYSE:PEG) by 1.8% in the 4th quarter, Holdings Channel reports. The firm owned 131,638 shares of the utilities provider’s stock after selling 2,346 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Public Service Enterprise Group were worth $6,779,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Grove Bank & Trust lifted its holdings in shares of Public Service Enterprise Group by 209.4% during the 3rd quarter. Grove Bank & Trust now owns 2,274 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 1,539 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Public Service Enterprise Group during the 3rd quarter valued at $185,000. Fox Run Management L.L.C. purchased a new stake in shares of Public Service Enterprise Group during the 4th quarter valued at $206,000. WASHINGTON TRUST Co purchased a new stake in shares of Public Service Enterprise Group during the 4th quarter valued at $210,000. Finally, Cable Hill Partners LLC lifted its holdings in shares of Public Service Enterprise Group by 33.4% during the 3rd quarter. Cable Hill Partners LLC now owns 4,093 shares of the utilities provider’s stock valued at $190,000 after purchasing an additional 1,025 shares during the last quarter. Hedge funds and other institutional investors own 66.85% of the company’s stock.

Several brokerages have recently commented on PEG. Macquarie upgraded Public Service Enterprise Group from a “neutral” rating to an “outperform” rating in a report on Monday, January 22nd. Morgan Stanley raised their target price on Public Service Enterprise Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. UBS Group started coverage on Public Service Enterprise Group in a research note on Friday, February 2nd. They issued a “neutral” rating and a $52.00 target price for the company. Bank of America started coverage on Public Service Enterprise Group in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $49.00 target price for the company. Finally, ValuEngine upgraded Public Service Enterprise Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $51.46.

Shares of Public Service Enterprise Group Inc. (NYSE PEG) opened at $47.24 on Friday. The firm has a market capitalization of $23,905.28, a PE ratio of 16.29, a price-to-earnings-growth ratio of 4.46 and a beta of 0.39. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.56 and a current ratio of 0.80. Public Service Enterprise Group Inc. has a 12-month low of $41.67 and a 12-month high of $53.28.

In other Public Service Enterprise Group news, insider Derek M. Dirisio sold 2,185 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $51.50, for a total transaction of $112,527.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ralph Izzo sold 20,833 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $51.00, for a total value of $1,062,483.00. The disclosure for this sale can be found here. Insiders have sold a total of 64,684 shares of company stock worth $3,344,767 over the last ninety days. 0.61% of the stock is owned by insiders.

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Public Service Enterprise Group Company 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.

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

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