Pictet Asset Management LTD Upped Its Public Svc Enterprise Grp In (PEG) Holding by $32.61 Million as Market Valuation Declined

Public Service Enterprise Group Incorporated (NYSE:PEG) LogoInvestors sentiment increased to 1.11 in Q2 2019. Its up 0.10, from 1.01 in 2019Q1. It improved, as 33 investors sold PEG shares while 211 reduced holdings. 70 funds opened positions while 200 raised stakes. 336.53 million shares or 0.31% more from 335.50 million shares in 2019Q1 were reported. 7,992 are owned by Winslow Evans Crocker Inc. Td Asset Mngmt has invested 0.05% in Public Service Enterprise Group Incorporated (NYSE:PEG). 2,896 were accumulated by Bessemer Grp. The Massachusetts-based & Management Company has invested 0.03% in Public Service Enterprise Group Incorporated (NYSE:PEG). Abner Herrman & Brock Ltd Limited Liability Company stated it has 5,967 shares or 0.05% of all its holdings. Essex Finance Services reported 0.08% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG). Etrade Capital Ltd Company reported 0.04% stake. Eqis Capital Management accumulated 5,571 shares or 0.03% of the stock. Lombard Odier Asset (Switzerland) Sa accumulated 7,462 shares. Lsv Asset invested in 0.16% or 1.67M shares. Fiduciary Trust Commerce holds 0.02% or 14,454 shares. Cambridge Investment Research Advsr reported 41,859 shares. National Bank Of Montreal Can has invested 0.02% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG). Bradley Foster & Sargent Incorporated Ct reported 9,352 shares or 0.02% of all its holdings. Jaffetilchin Inv Ptnrs Limited Liability Corp reported 0.09% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG).

Since March 29, 2019, it had 1 insider buy, and 0 insider sales for $159 activity.

Pictet Asset Management Ltd increased its stake in Public Svc Enterprise Grp In (PEG) by 14.85% based on its latest 2019Q2 regulatory filing with the SEC. Pictet Asset Management Ltd bought 562,238 shares as the company’s stock declined 2.77% . The institutional investor held 4.35M shares of the power generation company at the end of 2019Q2, valued at $255.80M, up from 3.79 million at the end of the previous reported quarter. Pictet Asset Management Ltd who had been investing in Public Svc Enterprise Grp In for a number of months, seems to be bullish on the $30.74 billion market cap company. The stock decreased 1.06% or $0.65 during the last trading session, reaching $60.8. About 2.19 million shares traded. Public Service Enterprise Group Incorporated (NYSE:PEG) has risen 12.04% since September 13, 2018 and is uptrending. It has outperformed by 12.04% the S&P500.

Pictet Asset Management Ltd, which manages about $46.36 billion US Long portfolio, decreased its stake in Wabco Hldgs Inc (NYSE:WBC) by 683,500 shares to 29,972 shares, valued at $3.97M in 2019Q2, according to the filing. It also reduced its holding in Kimberly Clark Corp (NYSE:KMB) by 71,289 shares in the quarter, leaving it with 505,736 shares, and cut its stake in Autoliv Inc (NYSE:ALV).

More important recent Public Service Enterprise Group Incorporated (NYSE:PEG) news were published by: Finance.Yahoo.com which released: “Have Insiders Been Selling Public Service Enterprise Group Incorporated (NYSE:PEG) Shares? – Yahoo Finance” on July 23, 2019, also Finance.Yahoo.com published article titled: “Why Public Service Enterprise Group Incorporated’s (NYSE:PEG) Return On Capital Employed Is Impressive – Yahoo Finance”, Finance.Yahoo.com published: “Investors Who Bought Public Service Enterprise Group (NYSE:PEG) Shares Five Years Ago Are Now Up 54% – Yahoo Finance” on June 17, 2019. More interesting news about Public Service Enterprise Group Incorporated (NYSE:PEG) was released by: Finance.Yahoo.com and their article: “Does Public Service Enterprise Group Incorporated’s (NYSE:PEG) Debt Level Pose A Problem? – Yahoo Finance” with publication date: July 05, 2019.

Public Service Enterprise Group Incorporated (NYSE:PEG) Ratings Coverage

Among 5 analysts covering Public Service Enterprise Group (NYSE:PEG), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Public Service Enterprise Group has $7100 highest and $6100 lowest target. $65.20’s average target is 7.24% above currents $60.8 stock price. Public Service Enterprise Group had 9 analyst reports since March 29, 2019 according to SRatingsIntel. Morgan Stanley maintained it with “Overweight” rating and $6900 target in Friday, June 14 report. The firm earned “Buy” rating on Friday, September 6 by UBS. The firm has “Neutral” rating by Citigroup given on Monday, July 29. Mizuho maintained Public Service Enterprise Group Incorporated (NYSE:PEG) rating on Tuesday, September 3. Mizuho has “Buy” rating and $6200 target.

Public Service Enterprise Group Incorporated (NYSE:PEG) Institutional Positions Chart

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