Public Service Enterprise Group (PEG) : Valley National Advisers Inc reduced its stake in Public Service Enterprise Group by 5.11% during the most recent quarter end. The investment management company now holds a total of 9,473 shares of Public Service Enterprise Group which is valued at $428,274 after selling 510 shares in Public Service Enterprise Group , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Public Service Enterprise Group makes up approximately 0.23% of Valley National Advisers Inc’s portfolio.
Public Service Enterprise Group opened for trading at $45.59 and hit $46.29 on the upside on Wednesday, eventually ending the session at $46.06, with a gain of 1.32% or 0.6 points. The heightened volatility saw the trading volume jump to 30,37,535 shares. Company has a market cap of $23,326 M.
Other Hedge Funds, Including , Lebenthal Holdingsllc added PEG to its portfolio by purchasing 4,681 company shares during the most recent quarter which is valued at $211,628. Public Service Enterprise Group makes up approx 0.04% of Lebenthal Holdingsllc’s portfolio. Sunnymeath Asset Management added PEG to its portfolio by purchasing 785 company shares during the most recent quarter which is valued at $35,820. Public Service Enterprise Group makes up approx 0.06% of Sunnymeath Asset Management’s portfolio.Proficio Capital Partners boosted its stake in PEG in the latest quarter, The investment management firm added 23 additional shares and now holds a total of 76 shares of Public Service Enterprise Group which is valued at $3,468.
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 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 Companys 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.