First Premier Bank Lowers stake in Public Service Enterprise Group (PEG)

Public Service Enterprise Group (PEG) : First Premier Bank reduced its stake in Public Service Enterprise Group by 4.63% during the most recent quarter end. The investment management company now holds a total of 77,054 shares of Public Service Enterprise Group which is valued at $3,156,902 after selling 3,742 shares in Public Service Enterprise Group , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Public Service Enterprise Group makes up approximately 2.42% of First Premier Bank’s portfolio.

Other Hedge Funds, Including , Premier Asset Managment boosted its stake in PEG in the latest quarter, The investment management firm added 3,115 additional shares and now holds a total of 20,175 shares of Public Service Enterprise Group which is valued at $826,570. Public Service Enterprise Group makes up approx 0.21% of Premier Asset Managment’s portfolio.Chicago Trust Co Na reduced its stake in PEG by selling 831 shares or 2.52% in the most recent quarter. The Hedge Fund company now holds 32,080 shares of PEG which is valued at $1,302,127. Public Service Enterprise Group makes up approx 0.60% of Chicago Trust Co Na’s portfolio.Legal General Group Plc boosted its stake in PEG in the latest quarter, The investment management firm added 28,737 additional shares and now holds a total of 2,788,398 shares of Public Service Enterprise Group which is valued at $113,181,075. Public Service Enterprise Group makes up approx 0.12% of Legal General Group Plc’s portfolio.Chevy Chase Trust Holdings reduced its stake in PEG by selling 10,104 shares or 2.32% in the most recent quarter. The Hedge Fund company now holds 425,332 shares of PEG which is valued at $17,340,786. Public Service Enterprise Group makes up approx 0.10% of Chevy Chase Trust Holdings’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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