FDx Advisors Inc. boosted its stake in Public Service Enterprise Group Incorporated (NYSE:PEG) by 31.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,762 shares of the utilities provider’s stock after buying an additional 11,058 shares during the period. FDx Advisors Inc.’s holdings in Public Service Enterprise Group were worth $2,116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Candriam Luxembourg S.C.A. grew its position in Public Service Enterprise Group by 135.8% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 192,409 shares of the utilities provider’s stock valued at $8,899,000 after buying an additional 110,795 shares in the last quarter. Swiss National Bank grew its position in Public Service Enterprise Group by 0.8% in the 3rd quarter. Swiss National Bank now owns 1,863,677 shares of the utilities provider’s stock valued at $86,195,000 after buying an additional 14,200 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Public Service Enterprise Group by 1.8% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 191,449 shares of the utilities provider’s stock valued at $8,855,000 after buying an additional 3,340 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Public Service Enterprise Group by 7.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 15,476 shares of the utilities provider’s stock valued at $716,000 after buying an additional 1,026 shares in the last quarter. Finally, State of Wisconsin Investment Board grew its position in Public Service Enterprise Group by 4.1% in the 3rd quarter. State of Wisconsin Investment Board now owns 700,789 shares of the utilities provider’s stock valued at $32,411,000 after buying an additional 27,345 shares in the last quarter. Hedge funds and other institutional investors own 65.02% of the company’s stock.

In other Public Service Enterprise Group news, insider Derek M. Dirisio sold 1,500 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $47.11, for a total transaction of $70,665.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Ralph Izzo sold 79,920 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $48.83, for a total transaction of $3,902,493.60. The disclosure for this sale can be found here. Insiders have sold 209,433 shares of company stock valued at $10,247,152 over the last ninety days. Insiders own 0.61% of the company’s stock.

A number of brokerages recently issued reports on PEG. Zacks Investment Research lowered shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and issued a $46.50 target price on shares of Public Service Enterprise Group in a research report on Thursday, October 12th. Barclays PLC upgraded shares of Public Service Enterprise Group from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $49.00 to $51.00 in a research report on Friday, September 22nd. Morgan Stanley increased their target price on shares of Public Service Enterprise Group from $50.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $47.00 target price on shares of Public Service Enterprise Group in a research report on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $50.42.

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Public Service Enterprise Group Incorporated (NYSE:PEG) traded up $0.11 during mid-day trading on Friday, reaching $50.38. 3,589,900 shares of the company’s stock were exchanged, compared to its average volume of 3,019,880. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 0.86. Public Service Enterprise Group Incorporated has a 52 week low of $39.28 and a 52 week high of $50.56. The stock has a market capitalization of $25,494.25, a price-to-earnings ratio of 17.37, a PEG ratio of 6.59 and a beta of 0.39.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). Public Service Enterprise Group had a net margin of 5.73% and a return on equity of 11.33%. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the prior year, the company posted $0.88 earnings per share. Public Service Enterprise Group’s quarterly revenue was down 7.6% compared to the same quarter last year. analysts forecast that Public Service Enterprise Group Incorporated will post 2.92 EPS for the current year.

About Public Service Enterprise Group

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.

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

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