Trilogy Capital Inc. bought a new stake in Public Service Enterprise Group Inc. (NYSE:PEG) during the fourth quarter, HoldingsChannel.com reports. The fund bought 23,631 shares of the utilities provider’s stock, valued at approximately $1,217,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. LS Investment Advisors LLC grew its holdings in Public Service Enterprise Group by 62.5% in the 4th quarter. LS Investment Advisors LLC now owns 47,783 shares of the utilities provider’s stock valued at $2,461,000 after buying an additional 18,386 shares during the last quarter. Gradient Investments LLC acquired a new stake in Public Service Enterprise Group in the 4th quarter valued at approximately $163,000. California Public Employees Retirement System grew its holdings in Public Service Enterprise Group by 2.0% in the 4th quarter. California Public Employees Retirement System now owns 1,470,299 shares of the utilities provider’s stock valued at $75,720,000 after buying an additional 29,012 shares during the last quarter. Rench Wealth Management Inc. grew its holdings in Public Service Enterprise Group by 7.1% in the 4th quarter. Rench Wealth Management Inc. now owns 50,995 shares of the utilities provider’s stock valued at $2,626,000 after buying an additional 3,367 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in Public Service Enterprise Group by 1,914.0% in the 4th quarter. Teacher Retirement System of Texas now owns 139,023 shares of the utilities provider’s stock valued at $7,160,000 after buying an additional 132,120 shares during the last quarter. 66.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Public Service Enterprise Group Inc. (NYSE PEG) opened at $47.24 on Friday. Public Service Enterprise Group Inc. has a fifty-two week low of $41.67 and a fifty-two week high of $53.28. The firm has a market capitalization of $23,905.28, a P/E ratio of 16.29, a PEG ratio of 4.46 and a beta of 0.39. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 0.86.

A number of analysts have issued reports on PEG shares. Morgan Stanley raised their target price on Public Service Enterprise Group from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Zacks Investment Research lowered Public Service Enterprise Group from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Bank of America began coverage on Public Service Enterprise Group in a report on Tuesday, October 24th. They set a “neutral” rating and a $49.00 price objective on the stock. Guggenheim reissued a “buy” rating and set a $58.00 price objective on shares of Public Service Enterprise Group in a report on Wednesday, January 3rd. Finally, Argus lifted their price objective on Public Service Enterprise Group from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Public Service Enterprise Group currently has an average rating of “Buy” and a consensus price target of $51.46.

In related news, CEO Ralph Izzo sold 20,833 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $51.00, for a total value of $1,062,483.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Derek M. Dirisio sold 2,185 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $51.50, for a total value of $112,527.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,684 shares of company stock worth $3,344,767. 0.61% of the stock is owned by insiders.

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Public Service Enterprise Group Profile

Public Service Enterprise Group Incorporated (PSEG) is a holding company. The Company is an energy company with operations located primarily in the Northeastern and Mid-Atlantic United States. The Company’s segments include Public Service Electric and Gas Company (PSE&G), PSEG Power LLC (Power) and Other.

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Institutional Ownership by Quarter for Public Service Enterprise Group (NYSE:PEG)

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