Tableaux LLC Has $380,000 Stock Holdings in Public Service Enterprise Group Incorporated $PEG

Tableaux LLC reduced its position in Public Service Enterprise Group Incorporated (NYSE:PEG) by 97.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,552 shares of the utilities provider’s stock after selling 145,448 shares during the period. Tableaux LLC’s holdings in Public Service Enterprise Group were worth $380,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HM Payson & Co. increased its position in Public Service Enterprise Group by 3.3% during the third quarter. HM Payson & Co. now owns 3,755 shares of the utilities provider’s stock worth $313,000 after buying an additional 120 shares during the last quarter. Rossby Financial LCC boosted its holdings in shares of Public Service Enterprise Group by 5.5% during the third quarter. Rossby Financial LCC now owns 2,311 shares of the utilities provider’s stock worth $191,000 after acquiring an additional 121 shares during the period. Colonial Trust Co SC boosted its stake in Public Service Enterprise Group by 26.8% in the 3rd quarter. Colonial Trust Co SC now owns 573 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 121 shares during the period. Transcend Capital Advisors LLC boosted its position in shares of Public Service Enterprise Group by 2.6% in the third quarter. Transcend Capital Advisors LLC now owns 4,916 shares of the utilities provider’s stock valued at $410,000 after acquiring an additional 125 shares during the period. Finally, Sage Private Wealth Group LLC grew its position in shares of Public Service Enterprise Group by 4.9% during the 3rd quarter. Sage Private Wealth Group LLC now owns 2,831 shares of the utilities provider’s stock worth $236,000 after purchasing an additional 133 shares in the last quarter. Institutional investors own 73.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PEG. UBS Group cut their price objective on shares of Public Service Enterprise Group from $105.00 to $98.00 and set a “buy” rating for the company in a research report on Wednesday, December 17th. TD Cowen upped their price target on shares of Public Service Enterprise Group from $93.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Jefferies Financial Group upgraded shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $89.00 to $90.00 in a research report on Thursday, November 6th. LADENBURG THALM/SH SH raised shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating and set a $87.50 price objective on the stock in a research note on Wednesday, January 7th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $85.00 target price (down from $88.00) on shares of Public Service Enterprise Group in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Public Service Enterprise Group has an average rating of “Moderate Buy” and a consensus target price of $90.96.

Public Service Enterprise Group Trading Up 0.0%

Shares of Public Service Enterprise Group stock opened at $86.32 on Wednesday. The firm has a market capitalization of $43.09 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59. The company has a current ratio of 0.93, a quick ratio of 0.69 and a debt-to-equity ratio of 1.27. The firm’s 50 day moving average is $81.15 and its 200 day moving average is $81.85. Public Service Enterprise Group Incorporated has a 1 year low of $74.67 and a 1 year high of $91.25.

About Public Service Enterprise Group

Public Service Enterprise Group (NYSE: PEG) is a diversified energy company that operates primarily in New Jersey. Its core businesses include a regulated utility that delivers electric and natural gas service to residential, commercial and industrial customers, as well as generation and energy services operations that participate in wholesale power markets. The company’s activities encompass transmission and distribution, power generation operations, and related energy infrastructure services.

The regulated utility arm, Public Service Electric and Gas Company (PSE&G), is responsible for owning and maintaining electric and gas networks, connecting customers, performing meter and billing services, and managing system reliability and storm response.