First National Bank Of Mount Dora Trust Investment Services buys $2.1 Million stake in Public Service Enterprise Group (PEG)

Public Service Enterprise Group (PEG) : First National Bank Of Mount Dora Trust Investment Services scooped up 1,925 additional shares in Public Service Enterprise Group during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 47,037 shares of Public Service Enterprise Group which is valued at $2.1 Million.Public Service Enterprise Group makes up approximately 1.27% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.

Other Hedge Funds, Including ,

On the company’s financial health, Public Service Enterprise Group reported $0.50 EPS for the quarter, based on the information available during the earnings call on Feb 19, 2016. Analyst had a consensus estimate of $0.50.Analysts expectations of $ 2503.50.During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on Public Service Enterprise Group. Company shares were Reiterated by Barclays on Mar 14, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 47 from a previous price target of $45 .Company shares were Reiterated by Argus on Feb 25, 2016 to “Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $45 .Company shares were Reiterated by RBC Capital Mkts on Feb 23, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 44 from a previous price target of $43 .

Public Service Enterprise Group closed down -0.35 points or -0.76% at $45.63 with 18,53,672 shares getting traded on Monday. Post opening the session at $45.96, the shares hit an intraday low of $45.55 and an intraday high of $46.31 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Public Service Enterprise Group Incorporated (PSEG) is an energy holding company engaged in the transmission of electricity and distribution of electricity and natural gas. Its operations are located in the Northeastern and Mid- Atlantic United States. It conducts its business through two direct wholly owned subsidiaries: PSEG Power LLC (Power) and Public Service Electric and Gas Company (PSE&G). The Company’s other direct wholly owned subsidiaries are PSEG Energy Holdings L.L.C. which owns and manages a portfolio of lease investments; PSEG Long Island LLC which operates the Long Island Power Authority’s (LIPA) transmission and distribution system under a contractual agreement and PSEG Services Corporation which provides certain management administrative and general services to PSEG and its subsidiaries.

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