Public Service Enterprise Group Incorporated Commo (NYSE:PEG) Shorts Decreased by 3.33% After Short Covering

August 9, 2018 - By Jack Shaw

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Investors sentiment decreased to 0.81 in 2018 Q1. Its down 0.22, from 1.03 in 2017Q4. It turned negative, as 54 investors sold Public Service Enterprise Group Incorporated shares while 242 reduced holdings. 68 funds opened positions while 172 raised stakes. 333.32 million shares or 0.25% more from 332.49 million shares in 2017Q4 were reported.
Tiverton Asset reported 2,390 shares. 212,663 are owned by Arizona State Retirement System. Schroder Inv Management Grp Incorporated accumulated 46,459 shares. Convergence Inv Prtn Ltd Llc holds 1,081 shares. 20,957 are held by Zacks Management. Apg Asset Nv has 1.30M shares. Ativo Capital Mngmt Limited Liability Corporation holds 0.42% or 29,496 shares. Hightower Advisors has invested 0.03% in Public Service Enterprise Group Incorporated (NYSE:PEG). Texas-based Argent Trust has invested 0.08% in Public Service Enterprise Group Incorporated (NYSE:PEG). Ecofin Limited holds 0.79% or 74,138 shares in its portfolio. Foster And Motley reported 5,423 shares. Schwab Charles Investment Inc accumulated 1.95M shares or 0.08% of the stock. Tarbox Family Office accumulated 639 shares. Livforsakringsbolaget Skandia Omsesidigt holds 126,270 shares. 7,845 are owned by Nelson Van Denburg & Campbell Wealth Mgmt Group Inc Limited Co.

Since March 1, 2018, it had 0 insider buys, and 6 selling transactions for $6.17 million activity. 16,400 Public Service Enterprise Group Incorporated (NYSE:PEG) shares with value of $825,981 were sold by Linde Tamara Louise.

The stock of Public Service Enterprise Group Incorporated Commo (NYSE:PEG) registered a decrease of 3.33% in short interest. PEG’s total short interest was 10.69 million shares in August as published by FINRA. Its down 3.33% from 11.06M shares, reported previously. With 2.70 million shares average volume, it will take short sellers 4 days to cover their PEG’s short positions. The short interest to Public Service Enterprise Group Incorporated Commo’s float is 2.12%.

The stock increased 0.86% or $0.44 during the last trading session, reaching $51.72. About 736,917 shares traded. Public Service Enterprise Group Incorporated (NYSE:PEG) has risen 17.65% since August 9, 2017 and is uptrending. It has outperformed by 5.08% the S&P500.

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy firm primarily in the Northeastern and Mid- Atlantic United States. The company has market cap of $26.14 billion. It operates through two divisions, PSE&G and Power. It has a 12.06 P/E ratio. The PSE&G segment transmits electricity; and distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs to customers.

Public Service Enterprise Group Incorporated (NYSE:PEG) Ratings Coverage

Among 9 analysts covering Public Service Enterprise (NYSE:PEG), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Public Service Enterprise had 16 analyst reports since February 13, 2018 according to SRatingsIntel. JP Morgan maintained Public Service Enterprise Group Incorporated (NYSE:PEG) rating on Monday, March 5. JP Morgan has “Overweight” rating and $50 target. The stock has “Overweight” rating by Morgan Stanley on Friday, May 25. Wells Fargo maintained Public Service Enterprise Group Incorporated (NYSE:PEG) rating on Monday, February 26. Wells Fargo has “Outperform” rating and $56 target. The stock has “Buy” rating by Bank of America on Monday, April 16. The rating was maintained by Citigroup on Monday, July 9 with “Neutral”. The stock of Public Service Enterprise Group Incorporated (NYSE:PEG) has “Overweight” rating given on Tuesday, February 13 by Morgan Stanley. The company was maintained on Friday, May 4 by Citigroup. The company was maintained on Friday, February 23 by Guggenheim. The firm earned “Hold” rating on Friday, March 2 by Mizuho. On Tuesday, April 10 the stock rating was maintained by JP Morgan with “Overweight”.

More news for Public Service Enterprise Group Incorporated (NYSE:PEG) were recently published by: Seekingalpha.com, which released: “Public Service Enterprise Group Inc. (PEG) CEO Ralph Izzo on Q2 2018 Results – Earnings Call Transcript” on August 01, 2018. Nasdaq.com‘s article titled: “Report: Exploring Fundamental Drivers Behind AMERISAFE, SM Energy, Papa John’s International, CNX Resources …” and published on August 09, 2018 is yet another important article.

Public Service Enterprise Group Incorporated (NYSE:PEG) Institutional Positions Chart

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