Swiss National Bank Has $131.91 Million Holdings in Public Service Enterprise Group Incorporated (NYSE:PEG)

Swiss National Bank grew its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,478,600 shares of the utilities provider’s stock after acquiring an additional 2,400 shares during the period. Swiss National Bank owned 0.30% of Public Service Enterprise Group worth $131,906,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Thrivent Financial for Lutherans increased its holdings in shares of Public Service Enterprise Group by 0.6% during the third quarter. Thrivent Financial for Lutherans now owns 1,188,556 shares of the utilities provider’s stock worth $106,031,000 after purchasing an additional 6,958 shares during the period. Atlanta Consulting Group Advisors LLC bought a new position in shares of Public Service Enterprise Group during the third quarter worth approximately $257,000. Mutual of America Capital Management LLC increased its holdings in shares of Public Service Enterprise Group by 5.2% during the third quarter. Mutual of America Capital Management LLC now owns 125,618 shares of the utilities provider’s stock worth $11,206,000 after purchasing an additional 6,193 shares during the period. Maxwell Wealth Strategies Inc. bought a new position in shares of Public Service Enterprise Group during the third quarter worth approximately $723,000. Finally, Empowered Funds LLC increased its holdings in shares of Public Service Enterprise Group by 7.7% during the third quarter. Empowered Funds LLC now owns 8,362 shares of the utilities provider’s stock worth $746,000 after purchasing an additional 597 shares during the period. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PEG shares. Barclays lowered their target price on shares of Public Service Enterprise Group from $98.00 to $88.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Jefferies Financial Group started coverage on shares of Public Service Enterprise Group in a report on Friday, September 13th. They set a “hold” rating and a $85.00 target price on the stock. LADENBURG THALM/SH SH raised shares of Public Service Enterprise Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. BMO Capital Markets raised their target price on shares of Public Service Enterprise Group from $86.00 to $89.00 and gave the stock a “market perform” rating in a report on Monday, October 21st. Finally, Bank of America lifted their price objective on shares of Public Service Enterprise Group from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.69.

Public Service Enterprise Group Stock Performance

NYSE PEG opened at $88.99 on Monday. The firm’s fifty day moving average price is $87.50 and its two-hundred day moving average price is $80.03. The stock has a market cap of $44.34 billion, a PE ratio of 21.86, a PEG ratio of 3.27 and a beta of 0.61. Public Service Enterprise Group Incorporated has a fifty-two week low of $56.85 and a fifty-two week high of $92.20. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.48 and a current ratio of 0.68.

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

Insiders Place Their Bets

In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 5,900 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $87.95, for a total transaction of $518,905.00. Following the sale, the senior vice president now owns 25,829 shares of the company’s stock, valued at approximately $2,271,660.55. The trade was a 18.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Tamara Louise Linde sold 9,564 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $90.61, for a total transaction of $866,594.04. Following the sale, the executive vice president now directly owns 48,397 shares in the company, valued at approximately $4,385,252.17. The trade was a 16.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,783 shares of company stock valued at $2,381,626. 0.57% of the stock is currently owned by insiders.

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.