Public Service Enterprise Group Inc. (PEG) Shares Bought by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado raised its stake in Public Service Enterprise Group Inc. (NYSE:PEG) by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 91,297 shares of the utilities provider’s stock after purchasing an additional 3,223 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Public Service Enterprise Group were worth $4,702,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisory Services Network LLC increased 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 worth $221,000 after purchasing an additional 541 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Public Service Enterprise Group in the 3rd quarter worth about $340,000. Reaves W H & Co. Inc. bought a new stake in shares of Public Service Enterprise Group during the 3rd quarter valued at about $22,266,000. Bank of Montreal Can grew its position in shares of Public Service Enterprise Group by 12.5% during the 4th quarter. Bank of Montreal Can now owns 819,808 shares of the utilities provider’s stock valued at $42,219,000 after buying an additional 91,251 shares during the last quarter. Finally, Shell Asset Management Co. grew its position in shares of Public Service Enterprise Group by 117.9% during the 3rd quarter. Shell Asset Management Co. now owns 213,389 shares of the utilities provider’s stock valued at $7,947,000 after buying an additional 115,448 shares during the last quarter. 66.85% of the stock is owned by institutional investors.

In other Public Service Enterprise Group news, Chairman Ralph Izzo sold 20,833 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $52.90, for a total value of $1,102,065.70. Following the completion of the transaction, the chairman now owns 687,600 shares in the company, valued at approximately $36,374,040. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Derek M. Dirisio sold 2,185 shares of the company’s 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. In the last 90 days, insiders sold 64,684 shares of company stock valued at $3,344,767. 0.61% of the stock is owned by insiders.

Public Service Enterprise Group Inc. (NYSE:PEG) opened at $47.24 on Friday. Public Service Enterprise Group Inc. has a 1 year low of $41.67 and a 1 year high of $53.28. 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 company has a market cap 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.

A number of equities research analysts recently weighed in on PEG shares. ValuEngine raised shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Wells Fargo & Co raised shares of Public Service Enterprise Group from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 1st. Argus boosted their price objective on shares of Public Service Enterprise Group from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, Guggenheim reaffirmed a “buy” rating and set a $58.00 price objective on shares of Public Service Enterprise Group in a research report on Wednesday, January 3rd. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $51.46.

WARNING: “Public Service Enterprise Group Inc. (PEG) Shares Bought by Public Employees Retirement Association of Colorado” was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://stocknewstimes.com/2018/02/11/public-service-enterprise-group-inc-peg-shares-bought-by-public-employees-retirement-association-of-colorado.html.

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.

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.

Latest News

Leave a Reply