Adams Asset Advisors buys $3,906,858 stake in Public Service Enterprise Group (PEG)

Public Service Enterprise Group (PEG) : Adams Asset Advisors scooped up 174 additional shares in Public Service Enterprise Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 95,359 shares of Public Service Enterprise Group which is valued at $3,906,858.Public Service Enterprise Group makes up approximately 0.54% of Adams Asset Advisors’s portfolio.

Other Hedge Funds, Including , Community Bank N.a. boosted its stake in PEG in the latest quarter, The investment management firm added 2,880 additional shares and now holds a total of 91,561 shares of Public Service Enterprise Group which is valued at $3,751,254. Public Service Enterprise Group makes up approx 0.87% of Community Bank N.a.’s portfolio.Legacy Private Trust reduced its stake in PEG by selling 30,083 shares or 29.96% in the most recent quarter. The Hedge Fund company now holds 70,331 shares of PEG which is valued at $2,854,735. Public Service Enterprise Group makes up approx 0.39% of Legacy Private Trust’s portfolio.Advisory Services Network reduced its stake in PEG by selling 17,318 shares or 87.7% in the most recent quarter. The Hedge Fund company now holds 2,429 shares of PEG which is valued at $98,909. Public Service Enterprise Group makes up approx 0.02% of Advisory Services Network’s portfolio.Independent Portfolio Consultants reduced its stake in PEG by selling 140 shares or 13.44% in the most recent quarter. The Hedge Fund company now holds 902 shares of PEG which is valued at $36,775. Public Service Enterprise Group makes up approx 0.01% of Independent Portfolio Consultants’s portfolio.

Public Service Enterprise Group closed down -0.27 points or -0.66% at $40.59 with 24,90,118 shares getting traded on Tuesday. Post opening the session at $40.78, the shares hit an intraday low of $40.45 and an intraday high of $40.94 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Public Service Enterprise Group reported $0.57 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $0.58.Analysts expectations of $ 2347.30.During the same quarter in the previous year, the company posted $0.57 EPS.

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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