Public Svc Enterprise Group (PEG) Market Valuation Rose While Verition Fund Management LLC Trimmed Its Holding

August 9, 2018 - By Jack Shaw

Public Service Enterprise Group Incorporated (NYSE:PEG) LogoInvestors sentiment decreased to 0.81 in Q1 2018. Its down 0.22, from 1.03 in 2017Q4. It fall, as 54 investors sold PEG 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. Sg Americas Securities Ltd holds 0.04% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG) for 91,981 shares. Cognios Lc owns 50,573 shares. Bessemer Grp owns 6,360 shares or 0% of their US portfolio. 2.96 million are held by Pictet Asset Mngmt. Swiss National Bank & Trust invested 0.1% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG). Ecofin holds 0.79% in Public Service Enterprise Group Incorporated (NYSE:PEG) or 74,138 shares. Public Employees Retirement Association Of Colorado owns 89,773 shares for 0.03% of their portfolio. Tower Bridge Advisors accumulated 0% or 6,850 shares. Crow Point Ptnrs Ltd Limited Liability Company holds 2.31% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG) for 250,000 shares. State Of Tennessee Treasury Department invested in 0.26% or 999,014 shares. Checchi Advisers Lc has invested 0.04% in Public Service Enterprise Group Incorporated (NYSE:PEG). Toronto Dominion Bankshares accumulated 272,181 shares. Thrivent Fincl For Lutherans holds 0.29% or 1.72 million shares in its portfolio. Foster And Motley accumulated 0.04% or 5,423 shares. Moreover, Morgan Stanley has 0.02% invested in Public Service Enterprise Group Incorporated (NYSE:PEG).

Since March 1, 2018, it had 0 buys, and 6 selling transactions for $6.17 million activity. Shares for $825,981 were sold by Linde Tamara Louise on Monday, April 16.

Verition Fund Management Llc decreased its stake in Public Svc Enterprise Group (PEG) by 72.54% based on its latest 2018Q1 regulatory filing with the SEC. Verition Fund Management Llc sold 224,538 shares as the company’s stock rose 4.17% while stock markets declined. The hedge fund held 85,000 shares of the power generation company at the end of 2018Q1, valued at $4.27 million, down from 309,538 at the end of the previous reported quarter. Verition Fund Management Llc who had been investing in Public Svc Enterprise Group for a number of months, seems to be less bullish one the $26.19B market cap company. The stock increased 1.05% or $0.54 during the last trading session, reaching $51.82. About 806,264 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.

Verition Fund Management Llc, which manages about $1.22B and $1.34B US Long portfolio, upped its stake in Mosaic Co New (NYSE:MOS) by 153,783 shares to 238,783 shares, valued at $5.80 million in 2018Q1, according to the filing. It also increased its holding in Express Scripts Hldg Co (Call) (NASDAQ:ESRX) by 84,410 shares in the quarter, for a total of 87,500 shares, and has risen its stake in Vectren Corp (NYSE:VVC).

Analysts await Public Service Enterprise Group Incorporated (NYSE:PEG) to report earnings on October, 30. They expect $0.91 earnings per share, up 10.98 % or $0.09 from last year’s $0.82 per share. PEG’s profit will be $459.85M for 14.24 P/E if the $0.91 EPS becomes a reality. After $0.64 actual earnings per share reported by Public Service Enterprise Group Incorporated for the previous quarter, Wall Street now forecasts 42.19 % EPS growth.

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) 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. As per Tuesday, May 29, the company rating was maintained by JP Morgan. As per Wednesday, June 13, the company rating was maintained by Morgan Stanley. Guggenheim maintained it with “Buy” rating and $56.0 target in Friday, February 23 report. The firm has “Overweight” rating by Morgan Stanley given on Monday, July 16. The firm has “Neutral” rating by Goldman Sachs given on Friday, July 20. Citigroup maintained the shares of PEG in report on Monday, July 9 with “Neutral” rating. The stock of Public Service Enterprise Group Incorporated (NYSE:PEG) has “Buy” rating given on Monday, April 16 by Bank of America. The stock of Public Service Enterprise Group Incorporated (NYSE:PEG) has “Overweight” rating given on Thursday, March 8 by Morgan Stanley. The firm has “Overweight” rating by JP Morgan given on Monday, March 5. The firm earned “Outperform” rating on Monday, February 26 by Wells Fargo.

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

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