Glenview Trust Co boosted its holdings in shares of Public Service Enterprise Group Inc. (NYSE:PEG) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,758 shares of the utilities provider’s stock after acquiring an additional 8,699 shares during the quarter. Glenview Trust Co’s holdings in Public Service Enterprise Group were worth $8,371,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of PEG. Capital Investment Advisory Services LLC raised its holdings in Public Service Enterprise Group by 123.0% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 475 shares of the utilities provider’s stock valued at $29,000 after buying an additional 262 shares during the period. Resources Management Corp CT ADV purchased a new stake in shares of Public Service Enterprise Group in the 3rd quarter valued at approximately $31,000. Bridger Capital Management LLC purchased a new stake in shares of Public Service Enterprise Group in the 3rd quarter valued at approximately $50,000. Clear Harbor Asset Management LLC acquired a new position in shares of Public Service Enterprise Group in the 4th quarter worth approximately $59,000. Finally, Private Ocean LLC lifted its holdings in shares of Public Service Enterprise Group by 487.5% in the 4th quarter. Private Ocean LLC now owns 1,034 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 858 shares during the last quarter. 69.38% of the stock is owned by institutional investors.

In related news, COO Ralph A. Larossa sold 1,650 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $58.73, for a total transaction of $96,904.50. Following the completion of the transaction, the chief operating officer now owns 74,419 shares in the company, valued at $4,370,627.87. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Daniel J. Cregg sold 625 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $58.59, for a total value of $36,618.75. Following the completion of the transaction, the chief financial officer now directly owns 54,648 shares in the company, valued at approximately $3,201,826.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,125 shares of company stock worth $241,849. 0.51% of the stock is owned by company insiders.

Shares of NYSE PEG traded up $0.27 during mid-day trading on Friday, hitting $58.63. The company had a trading volume of 8,413 shares, compared to its average volume of 2,608,232. The company has a market capitalization of $29.24 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 4.86 and a beta of 0.26. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.75 and a quick ratio of 0.52. Public Service Enterprise Group Inc. has a 1-year low of $55.27 and a 1-year high of $63.88. The business’s 50-day simple moving average is $58.99 and its 200 day simple moving average is $59.93.

Several analysts recently weighed in on PEG shares. Wolfe Research downgraded shares of Public Service Enterprise Group from an “outperform” rating to a “peer perform” rating and set a $64.00 target price for the company. in a report on Thursday, November 14th. Royal Bank of Canada restated a “hold” rating and set a $65.00 price target on shares of Public Service Enterprise Group in a research report on Sunday, January 19th. Mizuho lifted their price objective on Public Service Enterprise Group from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Barclays downgraded Public Service Enterprise Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 27th. Finally, Citigroup boosted their price objective on Public Service Enterprise Group from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $64.33.

About Public Service Enterprise Group

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.

Recommended Story: What is the definition of a trade war?

Want to see what other hedge funds are holding PEG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Public Service Enterprise Group Inc. (NYSE:PEG).

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

Receive News & Ratings for Public Service Enterprise Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Service Enterprise Group and related companies with MarketBeat.com's FREE daily email newsletter.