Public Service Enterprise Group Incorporated (PEG) Stake Raised by Toronto Dominion Bank

Toronto Dominion Bank grew its stake in Public Service Enterprise Group Incorporated (NYSE:PEG) by 25.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 171,376 shares of the utilities provider’s stock after purchasing an additional 34,746 shares during the quarter. Toronto Dominion Bank’s holdings in Public Service Enterprise Group were worth $7,369,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. IHT Wealth Management LLC raised its stake in shares of Public Service Enterprise Group by 45.9% in the 2nd quarter. IHT Wealth Management LLC now owns 642 shares of the utilities provider’s stock valued at $131,000 after purchasing an additional 202 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Public Service Enterprise Group by 0.8% in the 1st quarter. Parallel Advisors LLC now owns 2,615 shares of the utilities provider’s stock valued at $114,000 after purchasing an additional 20 shares in the last quarter. Hudock Capital Group LLC raised its stake in shares of Public Service Enterprise Group by 38.8% in the 2nd quarter. Hudock Capital Group LLC now owns 2,629 shares of the utilities provider’s stock valued at $113,000 after purchasing an additional 735 shares in the last quarter. Vantage Investment Advisors LLC raised its stake in shares of Public Service Enterprise Group by 35.3% in the 2nd quarter. Vantage Investment Advisors LLC now owns 2,685 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 700 shares in the last quarter. Finally, Gradient Investments LLC raised its stake in shares of Public Service Enterprise Group by 331.2% in the 2nd quarter. Gradient Investments LLC now owns 3,234 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 2,484 shares in the last quarter. Institutional investors and hedge funds own 65.85% of the company’s stock.

In other Public Service Enterprise Group news, insider Derek M. Dirisio sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $47.11, for a total value of $70,665.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Ralph Izzo sold 23,400 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $45.23, for a total transaction of $1,058,382.00. Following the completion of the sale, the chairman now owns 748,474 shares of the company’s stock, valued at approximately $33,853,479.02. The disclosure for this sale can be found here. Insiders have sold a total of 165,613 shares of company stock valued at $7,966,307 in the last quarter. 0.61% of the stock is currently owned by corporate insiders.

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A number of brokerages have recently issued reports on PEG. Evercore ISI upgraded shares of Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and upped their target price for the company from $46.75 to $50.00 in a research note on Monday, September 25th. BidaskClub lowered shares of Public Service Enterprise Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Zacks Investment Research upgraded shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday, July 4th. Barclays PLC upgraded shares of Public Service Enterprise Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $49.00 to $51.00 in a research note on Friday, September 22nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $46.50 price objective on shares of Public Service Enterprise Group in a research report on Thursday, October 12th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $50.05.

Public Service Enterprise Group Incorporated (PEG) traded down 0.422% on Wednesday, reaching $48.395. 580,638 shares of the company’s stock traded hands. The firm’s 50-day moving average is $46.65 and its 200 day moving average is $44.95. Public Service Enterprise Group Incorporated has a 52-week low of $39.28 and a 52-week high of $49.33. The stock has a market capitalization of $24.48 billion, a PE ratio of 54.376 and a beta o

Other institutional investors also recently modified their holdings of the company. IHT Wealth Management LLC raised its stake in shares of Public Service Enterprise Group by 45.9% in the 2nd quarter. IHT Wealth Management LLC now owns 642 shares of the utilities provider’s stock valued at $131,000 after purchasing an additional 202 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Public Service Enterprise Group by 0.8% in the 1st quarter. Parallel Advisors LLC now owns 2,615 shares of the utilities provider’s stock valued at $114,000 after purchasing an additional 20 shares in the last quarter. Hudock Capital Group LLC raised its stake in shares of Public Service Enterprise Group by 38.8% in the 2nd quarter. Hudock Capital Group LLC now owns 2,629 shares of the utilities provider’s stock valued at $113,000 after purchasing an additional 735 shares in the last quarter. Vantage Investment Advisors LLC raised its stake in shares of Public Service Enterprise Group by 35.3% in the 2nd quarter. Vantage Investment Advisors LLC now owns 2,685 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 700 shares in the last quarter. Finally, Gradient Investments LLC raised its stake in shares of Public Service Enterprise Group by 331.2% in the 2nd quarter. Gradient Investments LLC now owns 3,234 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 2,484 shares in the last quarter. Institutional investors and hedge funds own 65.85% of the company’s stock.

In other Public Service Enterprise Group news, insider Derek M. Dirisio sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $47.11, for a total value of $70,665.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Ralph Izzo sold 23,400 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $45.23, for a total transaction of $1,058,382.00. Following the completion of the sale, the chairman now owns 748,474 shares of the company’s stock, valued at approximately $33,853,479.02. The disclosure for this sale can be found here. Insiders have sold a total of 165,613 shares of company stock valued at $7,966,307 in the last quarter. 0.61% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: This report was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The original version of this report can be read at https://ledgergazette.com/2017/10/18/public-service-enterprise-group-incorporated-peg-stake-raised-by-toronto-dominion-bank.html.

A number of brokerages have recently issued reports on PEG. Evercore ISI upgraded shares of Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and upped their target price for the company from $46.75 to $50.00 in a research note on Monday, September 25th. BidaskClub lowered shares of Public Service Enterprise Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Zacks Investment Research upgraded shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday, July 4th. Barclays PLC upgraded shares of Public Service Enterprise Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $49.00 to $51.00 in a research note on Friday, September 22nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $46.50 price objective on shares of Public Service Enterprise Group in a research report on Thursday, October 12th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $50.05.

Public Service Enterprise Group Incorporated (PEG) traded down 0.422% on Wednesday, reaching $48.395. 580,638 shares of the company’s stock traded hands. The firm’s 50-day moving average is $46.65 and its 200 day moving average is $44.95. Public Service Enterprise Group Incorporated has a 52-week low of $39.28 and a 52-week high of $49.33. The stock has a market capitalization of $24.48 billion, a PE ratio of 54.376 and a beta of 0.38.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Friday, July 28th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Public Service Enterprise Group had a net margin of 4.88% and a return on equity of 11.46%. During the same quarter last year, the company posted $0.57 EPS. 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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