Oppenheimer & Co. Inc. Has $6.78 Million Stake in Public Service Enterprise Group Inc. (PEG)

Oppenheimer & Co. Inc. decreased its holdings in shares of Public Service Enterprise Group Inc. (NYSE:PEG) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund 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 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PEG. Dimensional Fund Advisors LP grew its stake in Public Service Enterprise Group by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 911,146 shares of the utilities provider’s stock worth $39,188,000 after purchasing an additional 14,037 shares in the last quarter. Janus Henderson Group PLC grew its stake in Public Service Enterprise Group by 529.9% in the second quarter. Janus Henderson Group PLC now owns 417,887 shares of the utilities provider’s stock worth $17,974,000 after purchasing an additional 351,547 shares in the last quarter. Gotham Asset Management LLC bought a new position in Public Service Enterprise Group in the second quarter worth approximately $535,000. Colony Group LLC bought a new position in Public Service Enterprise Group in the second quarter worth approximately $268,000. Finally, WINTON GROUP Ltd grew its stake in Public Service Enterprise Group by 31.8% in the second quarter. WINTON GROUP Ltd now owns 28,839 shares of the utilities provider’s stock worth $1,240,000 after purchasing an additional 6,957 shares in the last quarter. 66.85% of the stock is currently owned by institutional investors.

In other news, insider Derek M. Dirisio sold 2,185 shares of the stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ralph Izzo sold 20,833 shares of the stock in a transaction on Thursday, February 1st. The shares were 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. In the last 90 days, insiders have sold 64,684 shares of company stock valued at $3,344,767. 0.61% of the stock is owned by company insiders.

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

Several brokerages recently issued reports on PEG. Mizuho cut Public Service Enterprise Group from a “buy” rating to a “neutral” rating in a research note on Monday, February 5th. They noted that the move was a valuation call. UBS Group began coverage on Public Service Enterprise Group in a research note on Friday, February 2nd. They issued a “neutral” rating and a $52.00 price objective on the stock. ValuEngine raised Public Service Enterprise Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Macquarie raised Public Service Enterprise Group from a “neutral” rating to an “outperform” rating in a research note on Monday, January 22nd. Finally, Guggenheim reissued a “buy” rating and issued a $58.00 price objective on shares of Public Service Enterprise Group in a research note on Wednesday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $51.46.

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Public Service Enterprise Group 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.

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

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