Premier Asset Managment buys $826,570 stake in Public Service Enterprise Group (PEG)

Public Service Enterprise Group (PEG) : Premier Asset Managment scooped up 3,115 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 20,175 shares of Public Service Enterprise Group which is valued at $826,570.Public Service Enterprise Group makes up approximately 0.21% of Premier Asset Managment’s portfolio.

Other Hedge Funds, Including , Dalton Greiner Hartman Maher Co reduced its stake in PEG by selling 63,613 shares or 19.16% in the most recent quarter. The Hedge Fund company now holds 268,394 shares of PEG which is valued at $10,996,102. Public Service Enterprise Group makes up approx 0.73% of Dalton Greiner Hartman Maher Co’s portfolio.Nisa Investment Advisors reduced its stake in PEG by selling 40,945 shares or 31.53% in the most recent quarter. The Hedge Fund company now holds 88,925 shares of PEG which is valued at $3,609,466. Public Service Enterprise Group makes up approx 0.05% of Nisa Investment Advisors’s portfolio.Gofen Glossberg Il reduced its stake in PEG by selling 7 shares or 0.05% in the most recent quarter. The Hedge Fund company now holds 13,969 shares of PEG which is valued at $570,773. Public Service Enterprise Group makes up approx 0.02% of Gofen Glossberg Il’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.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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