Toronto Dominion Bank lifted its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 12.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 191,893 shares of the utilities provider’s stock after buying an additional 20,517 shares during the period. Toronto Dominion Bank’s holdings in Public Service Enterprise Group were worth $8,874,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. IHT Wealth Management LLC lifted its stake in shares of Public Service Enterprise Group by 45.9% during the second quarter. IHT Wealth Management LLC now owns 642 shares of the utilities provider’s stock valued at $131,000 after buying an additional 202 shares during the period. Hudock Capital Group LLC lifted its stake in shares of Public Service Enterprise Group by 38.8% during the second quarter. Hudock Capital Group LLC now owns 2,629 shares of the utilities provider’s stock valued at $113,000 after buying an additional 735 shares during the period. Vantage Investment Advisors LLC lifted its stake in shares of Public Service Enterprise Group by 35.3% during the second quarter. Vantage Investment Advisors LLC now owns 2,685 shares of the utilities provider’s stock valued at $115,000 after buying an additional 700 shares during the period. Parallel Advisors LLC lifted its stake in shares of Public Service Enterprise Group by 6.0% during the second quarter. Parallel Advisors LLC now owns 2,772 shares of the utilities provider’s stock valued at $125,000 after buying an additional 157 shares during the period. Finally, Gradient Investments LLC lifted its stake in shares of Public Service Enterprise Group by 331.2% during the second quarter. Gradient Investments LLC now owns 3,234 shares of the utilities provider’s stock valued at $139,000 after buying an additional 2,484 shares during the period. 65.03% of the stock is currently owned by institutional investors and hedge funds.

Public Service Enterprise Group Incorporated (NYSE PEG) opened at $51.31 on Thursday. Public Service Enterprise Group Incorporated has a one year low of $40.11 and a one year high of $52.12. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 0.86. The company has a market cap of $26,172.33, a price-to-earnings ratio of 17.83, a PEG ratio of 6.77 and a beta of 0.39.

Public Service Enterprise Group (NYSE:PEG) last issued its earnings results on Tuesday, October 31st. The utilities provider reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the prior year, the business posted $0.88 EPS. The business’s revenue was down 7.6% on a year-over-year basis. sell-side analysts forecast that Public Service Enterprise Group Incorporated will post 2.92 earnings per share for the current year.

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Several brokerages recently issued reports on PEG. Morgan Stanley upped their price objective on shares of Public Service Enterprise Group from $50.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Citigroup Inc. reissued a “neutral” rating and set a $49.00 price objective (up previously from $44.00) on shares of Public Service Enterprise Group in a research note on Thursday, August 10th. Zacks Investment Research raised shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Tuesday, August 1st. Mizuho raised shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $44.50 to $50.00 in a research note on Friday, August 11th. Finally, Barclays PLC raised shares of Public Service Enterprise Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $49.00 to $51.00 in a research note on Friday, September 22nd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.42.

In related news, COO Ralph A. Larossa sold 33,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $50.12, for a total transaction of $1,653,960.00. Following the completion of the sale, the chief operating officer now directly owns 81,241 shares of the company’s stock, valued at approximately $4,071,798.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Ralph Izzo sold 20,833 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $46.50, for a total transaction of $968,734.50. The disclosure for this sale can be found here. In the last three months, insiders sold 242,433 shares of company stock worth $11,901,112. Insiders own 0.61% of the company’s stock.

Public Service Enterprise Group Company 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.

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

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