Private Capital Group LLC trimmed its holdings in Public Service Enterprise Group Inc. (NYSE:PEG) by 25.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,719 shares of the utilities provider’s stock after selling 576 shares during the period. Private Capital Group LLC’s holdings in Public Service Enterprise Group were worth $89,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Public Service Enterprise Group by 0.3% in the 3rd quarter. BlackRock Inc. now owns 48,101,184 shares of the utilities provider’s stock worth $2,539,261,000 after purchasing an additional 138,508 shares during the period. Vanguard Group Inc. increased its stake in Public Service Enterprise Group by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 40,281,314 shares of the utilities provider’s stock worth $2,126,450,000 after purchasing an additional 545,315 shares during the period. Vanguard Group Inc increased its stake in Public Service Enterprise Group by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 40,281,314 shares of the utilities provider’s stock worth $2,126,450,000 after purchasing an additional 545,315 shares during the period. Capital International Investors purchased a new position in Public Service Enterprise Group in the 3rd quarter worth approximately $493,441,000. Finally, FMR LLC increased its stake in Public Service Enterprise Group by 11.8% in the 3rd quarter. FMR LLC now owns 5,397,856 shares of the utilities provider’s stock worth $284,953,000 after purchasing an additional 568,786 shares during the period. 68.01% of the stock is owned by institutional investors and hedge funds.

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Public Service Enterprise Group stock opened at $55.93 on Friday. The firm has a market cap of $28.30 billion, a P/E ratio of 19.09, a PEG ratio of 2.60 and a beta of 0.43. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.51. Public Service Enterprise Group Inc. has a one year low of $46.19 and a one year high of $56.68.

A number of brokerages have commented on PEG. ValuEngine cut Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research note on Saturday, January 19th. Wolfe Research raised Public Service Enterprise Group from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 22nd. reaffirmed a “buy” rating on shares of Public Service Enterprise Group in a research note on Monday, November 5th. Deutsche Bank decreased their price target on Public Service Enterprise Group from $58.00 to $57.00 and set a “hold” rating on the stock in a research note on Wednesday, October 31st. Finally, Mizuho raised Public Service Enterprise Group from a “neutral” rating to a “buy” rating and set a $52.50 target price on the stock in a research note on Thursday, January 17th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Public Service Enterprise Group has an average rating of “Buy” and an average target price of $57.04.

In other Public Service Enterprise Group news, COO Ralph A. Larossa sold 25,046 shares of the company’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $55.57, for a total value of $1,391,806.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Ralph Izzo sold 52,407 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $55.39, for a total value of $2,902,823.73. Following the completion of the sale, the chairman now owns 515,233 shares of the company’s stock, valued at approximately $28,538,755.87. The disclosure for this sale can be found here. In the last quarter, insiders have sold 182,266 shares of company stock valued at $9,806,747. 0.58% of the stock is owned by company insiders.

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Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid- Atlantic United States. It operates through two segments, PSE&G and Power. The PSE&G segment transmits electricity; and distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs to customers.

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

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