US Bancorp DE lowered its holdings in Public Service Enterprise Group Inc. (NYSE:PEG) by 11.3% in the fourth quarter, HoldingsChannel reports. The firm owned 73,675 shares of the utilities provider’s stock after selling 9,419 shares during the quarter. US Bancorp DE’s holdings in Public Service Enterprise Group were worth $3,794,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sentry Investment Management LLC grew its position in Public Service Enterprise Group by 1.1% in the second quarter. Sentry Investment Management LLC now owns 39,158 shares of the utilities provider’s stock valued at $1,684,000 after purchasing an additional 410 shares in the last quarter. Advisory Services Network LLC grew its position in shares of Public Service Enterprise Group by 11.7% in the 2nd quarter. Advisory Services Network LLC now owns 5,149 shares of the utilities provider’s stock valued at $221,000 after acquiring an additional 541 shares during the period. Boston Advisors LLC grew its position in shares of Public Service Enterprise Group by 0.4% in the 4th quarter. Boston Advisors LLC now owns 234,061 shares of the utilities provider’s stock valued at $12,054,000 after acquiring an additional 1,017 shares during the period. Cable Hill Partners LLC grew its position in shares of Public Service Enterprise Group by 33.4% in the 3rd quarter. Cable Hill Partners LLC now owns 4,093 shares of the utilities provider’s stock valued at $190,000 after acquiring an additional 1,025 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in shares of Public Service Enterprise Group by 7.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 15,476 shares of the utilities provider’s stock valued at $716,000 after acquiring an additional 1,026 shares during the period. 66.40% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the stock. Morgan Stanley decreased their price objective on shares of Public Service Enterprise Group from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday. UBS Group assumed coverage on shares of Public Service Enterprise Group in a research report on Friday, February 2nd. They issued a “neutral” rating and a $52.00 price objective for the company. Mizuho downgraded shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating in a research report on Monday, February 5th. They noted that the move was a valuation call. ValuEngine raised shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Macquarie raised shares of Public Service Enterprise Group from a “neutral” rating to an “outperform” rating in a research report on Monday, January 22nd. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $51.04.

Shares of Public Service Enterprise Group Inc. (NYSE:PEG) opened at $47.62 on Tuesday. The company has a market cap of $23,905.27, a PE ratio of 46.23, 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 quick ratio of 0.56 and a current ratio of 0.80. Public Service Enterprise Group Inc. has a twelve month low of $41.67 and a twelve month high of $53.28.

In related news, Chairman Ralph Izzo sold 20,833 shares of Public Service Enterprise Group stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $52.90, for a total transaction of $1,102,065.70. Following the completion of the sale, the chairman now owns 687,600 shares of the company’s stock, valued at approximately $36,374,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Derek M. Dirisio sold 2,185 shares of Public Service Enterprise Group 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 disclosure for this sale can be found here. Insiders have sold a total of 64,684 shares of company stock valued at $3,344,767 in the last ninety days. 0.61% of the stock is currently owned by insiders.

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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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