Oppenheimer & Co. Inc. Has $9.84 Million Stock Holdings in Public Service Enterprise Group Incorporated (NYSE:PEG)

Oppenheimer & Co. Inc. increased its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,334 shares of the utilities provider’s stock after buying an additional 288 shares during the period. Oppenheimer & Co. Inc.’s holdings in Public Service Enterprise Group were worth $9,843,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. lifted its position in shares of Public Service Enterprise Group by 35.7% during the first quarter. Sei Investments Co. now owns 243,152 shares of the utilities provider’s stock worth $16,237,000 after purchasing an additional 63,983 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Public Service Enterprise Group by 18.7% in the 1st quarter. Russell Investments Group Ltd. now owns 285,077 shares of the utilities provider’s stock valued at $19,037,000 after buying an additional 44,981 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Public Service Enterprise Group by 8.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 125,387 shares of the utilities provider’s stock valued at $8,373,000 after buying an additional 10,118 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Public Service Enterprise Group by 4.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 604,698 shares of the utilities provider’s stock valued at $37,763,000 after buying an additional 26,992 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Public Service Enterprise Group by 16.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 595,316 shares of the utilities provider’s stock worth $39,755,000 after acquiring an additional 85,361 shares during the last quarter. Institutional investors own 73.34% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Tamara Louise Linde sold 9,564 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $90.61, for a total value of $866,594.04. Following the sale, the executive vice president now directly owns 48,397 shares in the company, valued at $4,385,252.17. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Tamara Louise Linde sold 9,564 shares of Public Service Enterprise Group stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $90.61, for a total value of $866,594.04. Following the sale, the executive vice president now directly owns 48,397 shares in the company, valued at $4,385,252.17. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Richard T. Thigpen sold 5,900 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $87.95, for a total transaction of $518,905.00. Following the transaction, the senior vice president now owns 25,829 shares of the company’s stock, valued at $2,271,660.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,783 shares of company stock worth $2,381,626. Corporate insiders own 0.57% of the company’s stock.

Public Service Enterprise Group Trading Up 0.4 %

NYSE PEG opened at $87.06 on Thursday. Public Service Enterprise Group Incorporated has a one year low of $56.85 and a one year high of $92.20. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.68 and a quick ratio of 0.48. The firm has a market cap of $43.38 billion, a P/E ratio of 21.39, a P/E/G ratio of 3.17 and a beta of 0.61. The stock’s 50-day moving average is $87.08 and its 200-day moving average is $79.64.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The business’s revenue was up 7.6% on a year-over-year basis. Sell-side analysts anticipate that Public Service Enterprise Group Incorporated will post 3.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on PEG shares. Wells Fargo & Company lifted their price objective on Public Service Enterprise Group from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Evercore ISI lifted their price target on shares of Public Service Enterprise Group from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. LADENBURG THALM/SH SH upgraded shares of Public Service Enterprise Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Morgan Stanley lifted their target price on shares of Public Service Enterprise Group from $83.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Finally, Barclays cut their price target on Public Service Enterprise Group from $98.00 to $88.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.69.

About Public Service Enterprise Group

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.