Public Service Enterprise Group Inc. (PEG) Shares Sold by Accident Compensation Corp

Accident Compensation Corp decreased its holdings in shares of Public Service Enterprise Group Inc. (NYSE:PEG) by 35.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,200 shares of the utilities provider’s stock after selling 9,000 shares during the period. Accident Compensation Corp’s holdings in Public Service Enterprise Group were worth $834,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in PEG. Grove Bank & Trust boosted its position in shares of Public Service Enterprise Group by 209.4% during the 3rd quarter. Grove Bank & Trust now owns 2,274 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 1,539 shares in the last quarter. Gradient Investments LLC bought a new stake in shares of Public Service Enterprise Group during the 4th quarter valued at about $163,000. Chicago Partners Investment Group LLC bought a new stake in shares of Public Service Enterprise Group during the 3rd quarter valued at about $185,000. Cable Hill Partners LLC boosted its position in shares of Public Service Enterprise Group by 33.4% during the 3rd quarter. Cable Hill Partners LLC now owns 4,093 shares of the utilities provider’s stock valued at $190,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Point View Wealth Management Inc. bought a new stake in shares of Public Service Enterprise Group during the 3rd quarter valued at about $201,000. Institutional investors own 66.40% of the company’s stock.

PEG has been the topic of several research analyst reports. Bank of America initiated coverage on Public Service Enterprise Group in a research report on Tuesday, October 24th. They set a “neutral” rating and a $49.00 target price on the stock. Argus upped their target price on Public Service Enterprise Group from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Wells Fargo & Co upgraded Public Service Enterprise Group from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 1st. Zacks Investment Research lowered Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Morgan Stanley upped their target price on Public Service Enterprise Group from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Public Service Enterprise Group presently has an average rating of “Buy” and an average target price of $51.46.

In other news, CEO Ralph Izzo sold 20,833 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $51.00, for a total value of $1,062,483.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Derek M. Dirisio sold 2,185 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $51.50, for a total value of $112,527.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,684 shares of company stock worth $3,344,767. 0.61% of the stock is owned by company insiders.

Public Service Enterprise Group Inc. (PEG) opened at $47.62 on Tuesday. Public Service Enterprise Group Inc. has a 52 week low of $41.67 and a 52 week high of $53.28. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.56 and a current ratio of 0.80. The firm has a market capitalization of $23,905.27, a P/E ratio of 46.23, a P/E/G ratio of 4.46 and a beta of 0.39.

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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.

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

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