Public Svc Enterprise Group (PEG) Market Valuation Rose While Fjarde Ap-Fonden Fourth Swedish National Pension Fund Has Upped Its Stake; Permian Investment Partners LP Has Increased Its Tim Participacoes S A (TSU) Position by $1.37 Million as Market Valuation Declined

February 11, 2018 - By Vivian Park

Fjarde Ap-Fonden Fourth Swedish National Pension Fund increased its stake in Public Svc Enterprise Group (PEG) by 15.4% based on its latest 2017Q3 regulatory filing with the SEC. Fjarde Ap-Fonden Fourth Swedish National Pension Fund bought 18,787 shares as the company’s stock rose 1.22% with the market. The institutional investor held 140,804 shares of the power generation company at the end of 2017Q3, valued at $6.51M, up from 122,017 at the end of the previous reported quarter. Fjarde Ap-Fonden Fourth Swedish National Pension Fund who had been investing in Public Svc Enterprise Group for a number of months, seems to be bullish on the $23.91 billion market cap company. The stock increased 1.09% or $0.51 during the last trading session, reaching $47.24. About 5.03M shares traded or 36.82% up from the average. Public Service Enterprise Group Incorporated (NYSE:PEG) has declined 1.72% since February 11, 2017 and is downtrending. It has underperformed by 18.42% the S&P500.

Permian Investment Partners Lp increased its stake in Tim Participacoes S A (TSU) by 2.81% based on its latest 2017Q3 regulatory filing with the SEC. Permian Investment Partners Lp bought 76,155 shares as the company’s stock declined 8.89% while stock markets rallied. The institutional investor held 2.79M shares of the telecommunications equipment company at the end of 2017Q3, valued at $50.98 million, up from 2.71 million at the end of the previous reported quarter. Permian Investment Partners Lp who had been investing in Tim Participacoes S A for a number of months, seems to be bullish on the $10.55B market cap company. The stock increased 0.68% or $0.14 during the last trading session, reaching $20.7. About 1.54 million shares traded or 93.61% up from the average. TIM Participações S.A. (NYSE:TSU) has risen 48.97% since February 11, 2017 and is uptrending. It has outperformed by 32.27% the S&P500.

Permian Investment Partners Lp, which manages about $823.32M and $628.15 million US Long portfolio, decreased its stake in Broadcom Ltd by 114,177 shares to 130,358 shares, valued at $31.62 million in 2017Q3, according to the filing. It also reduced its holding in Nrg Energy Inc (NYSE:NRG) by 1.40 million shares in the quarter, leaving it with 4.54 million shares, and cut its stake in Csx Corp (NYSE:CSX).

Among 7 analysts covering TIM Participacoes (NYSE:TSU), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. TIM Participacoes had 24 analyst reports since August 5, 2015 according to SRatingsIntel. On Monday, October 16 the stock rating was maintained by Barclays Capital with “Overweight”. Scotia Capital maintained the stock with “Hold” rating in Monday, February 5 report. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, October 3 report. The company was downgraded on Wednesday, August 5 by JP Morgan. The stock of TIM Participações S.A. (NYSE:TSU) earned “Overweight” rating by Barclays Capital on Thursday, July 27. As per Tuesday, October 6, the company rating was downgraded by Barclays Capital. The stock of TIM Participações S.A. (NYSE:TSU) earned “Overweight” rating by Barclays Capital on Monday, October 17. The stock of TIM Participações S.A. (NYSE:TSU) has “Overweight” rating given on Thursday, November 9 by Barclays Capital. The rating was downgraded by Bank of America to “Neutral” on Friday, August 21. Bank of America upgraded TIM Participações S.A. (NYSE:TSU) on Tuesday, July 26 to “Buy” rating.

Among 16 analysts covering Public Service Enterprise Group Incorporated (NYSE:PEG), 9 have Buy rating, 2 Sell and 5 Hold. Therefore 56% are positive. Public Service Enterprise Group Incorporated had 50 analyst reports since September 11, 2015 according to SRatingsIntel. The rating was upgraded by Wells Fargo on Wednesday, November 1 to “Outperform”. As per Wednesday, October 11, the company rating was maintained by Jefferies. The firm has “Hold” rating by RBC Capital Markets given on Sunday, November 5. As per Monday, October 5, the company rating was maintained by RBC Capital Markets. Jefferies maintained the shares of PEG in report on Friday, July 21 with “Hold” rating. The rating was upgraded by Macquarie Research on Monday, January 22 to “Outperform”. On Friday, September 18 the stock rating was initiated by Citigroup with “Neutral”. The stock of Public Service Enterprise Group Incorporated (NYSE:PEG) has “Neutral” rating given on Friday, September 11 by JP Morgan. Argus Research maintained Public Service Enterprise Group Incorporated (NYSE:PEG) rating on Wednesday, October 25. Argus Research has “Buy” rating and $56 target. Barclays Capital maintained the shares of PEG in report on Monday, March 14 with “Equal-Weight” rating.

Since August 23, 2017, it had 0 buys, and 8 insider sales for $11.01 million activity. DiRisio Derek M sold 1,500 shares worth $70,670.

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