Pensionfund Sabic adds Public Service Enterprise Group (PEG) to its portfolio

Public Service Enterprise Group (PEG) : Pensionfund Sabic added new position in Public Service Enterprise Group during the most recent quarter end. The investment management firm now holds 42,000 shares of Public Service Enterprise Group which is valued at $1,704,780 , the company said in a statement filed on Oct 12, 2016 with the SEC.Public Service Enterprise Group makes up approximately 0.53% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Baltimore-washington Financial Advisors reduced its stake in PEG by selling 120,073 shares or 95.9% in the most recent quarter. The Hedge Fund company now holds 5,130 shares of PEG which is valued at $208,227. Public Service Enterprise Group makes up approx 0.06% of Baltimore-washington Financial Advisors’s portfolio.Central Bank Trust Co reduced its stake in PEG by selling 241 shares or 21.01% in the most recent quarter. The Hedge Fund company now holds 906 shares of PEG which is valued at $36,892. Public Service Enterprise Group makes up approx 0.01% of Central Bank Trust Co’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.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.

Leave a Reply

Public Service Enterprise Group - Is it time to Sell?

Top Brokerage Firms are advising their investors on Public Service Enterprise Group. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.