M&R Capital Management Inc. Maintains Position in Public Service Enterprise Group Incorporated (PEG)

M&R Capital Management Inc. maintained its stake in Public Service Enterprise Group Incorporated (NYSE:PEG) during the fourth quarter, Holdings Channel reports. The firm owned 6,166 shares of the company’s stock at the end of the fourth quarter. M&R Capital Management Inc.’s holdings in Public Service Enterprise Group were worth $270,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Concert Wealth Management Inc. boosted its stake in Public Service Enterprise Group by 2.4% in the second quarter. Concert Wealth Management Inc. now owns 4,998 shares of the company’s stock valued at $236,000 after buying an additional 116 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Public Service Enterprise Group by 1.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 39,096 shares of the company’s stock valued at $1,822,000 after buying an additional 554 shares during the period. DT Investment Partners LLC bought a new stake in Public Service Enterprise Group during the second quarter valued at approximately $801,000. Kanawha Capital Management LLC boosted its stake in Public Service Enterprise Group by 1.7% in the second quarter. Kanawha Capital Management LLC now owns 24,541 shares of the company’s stock valued at $1,144,000 after buying an additional 400 shares during the period. Finally, Integrated Wealth Management boosted its stake in Public Service Enterprise Group by 121.8% in the second quarter. Integrated Wealth Management now owns 4,952 shares of the company’s stock valued at $231,000 after buying an additional 2,719 shares during the period. Institutional investors and hedge funds own 65.38% of the company’s stock.

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

Shares of Public Service Enterprise Group Incorporated (NYSE:PEG) opened at 43.39 on Friday. The firm has a market cap of $21.95 billion, a price-to-earnings ratio of 17.08 and a beta of 0.33. The firm has a 50-day moving average price of $43.65 and a 200 day moving average price of $42.68. Public Service Enterprise Group Incorporated has a 12-month low of $39.28 and a 12-month high of $47.41.

ILLEGAL ACTIVITY NOTICE: “M&R Capital Management Inc. Maintains Position in Public Service Enterprise Group Incorporated (PEG)” was first published by sleekmoney and is the sole property of of sleekmoney. If you are accessing this news story on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The correct version of this news story can be viewed at http://sleekmoney.com/mr-capital-management-inc-maintains-position-in-public-service-enterprise-group-incorporated-peg/1656716.html.

Several research firms have issued reports on PEG. Zacks Investment Research cut Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research report on Monday, January 9th. Barclays PLC increased their price objective on Public Service Enterprise Group from $46.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday, January 20th. Deutsche Bank AG upgraded Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, December 20th. RBC Capital Markets reiterated a “hold” rating and issued a $48.00 price objective on shares of Public Service Enterprise Group in a research report on Wednesday, January 4th. Finally, J P Morgan Chase & Co upgraded Public Service Enterprise Group from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $43.00 to $47.00 in a research report on Friday, December 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Public Service Enterprise Group presently has an average rating of “Hold” and an average target price of $46.41.

In related news, Chairman Ralph Izzo sold 24,108 shares of the business’s stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $43.79, for a total transaction of $1,055,689.32. Following the completion of the transaction, the chairman now owns 730,595 shares in the company, valued at approximately $31,992,755.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.71% of the company’s stock.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated (PSEG) is an energy holding company with operations located in the Northeastern and Mid- Atlantic United States. The Company is engaged in the transmission and distribution of electricity and natural gas. The Company’s business consists of two segments, including Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (Power).

5 Day Chart for NYSE:PEG

Want to see what other hedge funds are holding PEG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Public Service Enterprise Group Incorporated (NYSE:PEG).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/mr-capital-management-inc-maintains-position-in-public-service-enterprise-group-incorporated-peg/1656716.html

Receive News & Ratings for Public Service Enterprise Group Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Service Enterprise Group Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *