Chevron New (CVX) Shareholder Efg Asset Management Americas Lifted Position; Pacad Investment LTD Stake in Public Svc Enterprise Group (PEG) Trimmed as Share Value Rose

February 20, 2018 - By Darrin Black

Pacad Investment Ltd decreased its stake in Public Svc Enterprise Group (PEG) by 66.06% based on its latest 2017Q3 regulatory filing with the SEC. Pacad Investment Ltd sold 10,900 shares as the company’s stock rose 1.22% with the market. The institutional investor held 5,600 shares of the power generation company at the end of 2017Q3, valued at $259,000, down from 16,500 at the end of the previous reported quarter. Pacad Investment Ltd who had been investing in Public Svc Enterprise Group for a number of months, seems to be less bullish one the $24.95 billion market cap company. The stock decreased 0.25% or $0.125 during the last trading session, reaching $49.305. About 1.61M shares traded. Public Service Enterprise Group Incorporated (NYSE:PEG) has declined 1.72% since February 20, 2017 and is downtrending. It has underperformed by 18.42% the S&P500.

Efg Asset Management Americas Corp increased its stake in Chevron Corp New (CVX) by 95.47% based on its latest 2017Q3 regulatory filing with the SEC. Efg Asset Management Americas Corp bought 9,082 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 18,595 shares of the integrated oil company at the end of 2017Q3, valued at $2.19 million, up from 9,513 at the end of the previous reported quarter. Efg Asset Management Americas Corp who had been investing in Chevron Corp New for a number of months, seems to be bullish on the $211.74 billion market cap company. The stock decreased 0.59% or $0.66 during the last trading session, reaching $111.48. About 3.30M shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since February 20, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Pacad Investment Ltd, which manages about $451.72M US Long portfolio, upped its stake in Godaddy Inc by 17,538 shares to 20,500 shares, valued at $892,000 in 2017Q3, according to the filing. It also increased its holding in Truecar Inc (NASDAQ:TRUE) by 32,233 shares in the quarter, for a total of 45,200 shares, and has risen its stake in Biomarin Pharmaceutical Inc (NASDAQ:BMRN).

Analysts await Public Service Enterprise Group Incorporated (NYSE:PEG) to report earnings on February, 23. They expect $0.56 earnings per share, up 3.70% or $0.02 from last year’s $0.54 per share. PEG’s profit will be $283.38 million for 22.01 P/E if the $0.56 EPS becomes a reality. After $0.82 actual earnings per share reported by Public Service Enterprise Group Incorporated for the previous quarter, Wall Street now forecasts -31.71% negative EPS growth.

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.07, from 1.13 in 2017Q2. It worsened, as 39 investors sold PEG shares while 210 reduced holdings. 63 funds opened positions while 200 raised stakes. 327.87 million shares or 0.17% less from 328.43 million shares in 2017Q2 were reported. Moreover, First American Natl Bank has 0.18% invested in Public Service Enterprise Group Incorporated (NYSE:PEG) for 51,173 shares. Buckingham Asset Mngmt Ltd has 5,204 shares. Essex Fincl Svcs holds 0.05% in Public Service Enterprise Group Incorporated (NYSE:PEG) or 4,562 shares. Mariner Wealth Advsr Limited Liability Corporation holds 0.02% or 10,238 shares in its portfolio. Arizona State Retirement Sys stated it has 0.1% in Public Service Enterprise Group Incorporated (NYSE:PEG). Paradigm Asset Mgmt Limited Liability Company owns 3,650 shares. State Street Corp invested 0.1% in Public Service Enterprise Group Incorporated (NYSE:PEG). Toronto Dominion Fincl Bank reported 191,893 shares. Beck Mack Oliver Ltd owns 16,400 shares for 0.02% of their portfolio. Massachusetts-based Numeric Invsts Ltd Liability Co has invested 0.53% in Public Service Enterprise Group Incorporated (NYSE:PEG). Moreover, Guardian Life Of America has 0.01% invested in Public Service Enterprise Group Incorporated (NYSE:PEG) for 1,144 shares. Regentatlantic Cap Limited Liability Company holds 38,900 shares. American National Registered Advisor Inc reported 0.24% in Public Service Enterprise Group Incorporated (NYSE:PEG). Moreover, Nelson Roberts Investment Ltd Llc has 0.01% invested in Public Service Enterprise Group Incorporated (NYSE:PEG). Wisconsin-based Johnson has invested 0.06% in Public Service Enterprise Group Incorporated (NYSE:PEG).

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 51 analyst reports since September 11, 2015 according to SRatingsIntel. The stock of Public Service Enterprise Group Incorporated (NYSE:PEG) earned “Buy” rating by Argus Research on Thursday, February 25. The stock of Public Service Enterprise Group Incorporated (NYSE:PEG) earned “Hold” rating by RBC Capital Markets on Sunday, July 23. Jefferies maintained Public Service Enterprise Group Incorporated (NYSE:PEG) rating on Wednesday, October 11. Jefferies has “Hold” rating and $46.5 target. The firm earned “Equal-Weight” rating on Friday, September 8 by Morgan Stanley. RBC Capital Markets maintained it with “Hold” rating and $47.0 target in Sunday, September 3 report. Deutsche Bank upgraded Public Service Enterprise Group Incorporated (NYSE:PEG) on Tuesday, December 20 to “Buy” rating. The stock of Public Service Enterprise Group Incorporated (NYSE:PEG) has “Neutral” rating given on Monday, February 5 by Mizuho. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, February 1. The stock of Public Service Enterprise Group Incorporated (NYSE:PEG) earned “Overweight” rating by Morgan Stanley on Monday, November 13. The stock of Public Service Enterprise Group Incorporated (NYSE:PEG) earned “Market Perform” rating by Wells Fargo on Monday, February 27.

Since August 23, 2017, it had 0 insider buys, and 7 sales for $10.94 million activity. 1,500 Public Service Enterprise Group Incorporated (NYSE:PEG) shares with value of $70,670 were sold by DiRisio Derek M.

Efg Asset Management Americas Corp, which manages about $1.65B and $263.82 million US Long portfolio, decreased its stake in Proshares Tr (NOBL) by 14,100 shares to 22,710 shares, valued at $1.35 million in 2017Q3, according to the filing. It also reduced its holding in Ishares Tr (IEV) by 273,097 shares in the quarter, leaving it with 195,886 shares, and cut its stake in Vanguard Bd Index Fd Inc (BND).

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 24 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive. Chevron Corporation had 114 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Tuesday, September 19 by RBC Capital Markets. The firm has “Neutral” rating by Credit Suisse given on Monday, November 2. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Wednesday, December 16 by Argus Research. Jefferies maintained the stock with “Buy” rating in Friday, January 19 report. BNP Paribas upgraded Chevron Corporation (NYSE:CVX) rating on Monday, August 7. BNP Paribas has “Hold” rating and $10500 target. The firm has “Buy” rating given on Tuesday, September 19 by Cowen & Co. On Tuesday, November 1 the stock rating was upgraded by Morgan Stanley to “Overweight”. The firm has “Hold” rating by Societe Generale given on Wednesday, October 18. Credit Suisse maintained the stock with “Buy” rating in Wednesday, August 23 report. BMO Capital Markets maintained it with “Buy” rating and $12000 target in Friday, July 28 report.

Since October 16, 2017, it had 0 insider buys, and 1 sale for $3.06 million activity.

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.08, from 1.03 in 2017Q2. It is negative, as 43 investors sold CVX shares while 696 reduced holdings. 121 funds opened positions while 584 raised stakes. 1.18 billion shares or 1.43% more from 1.16 billion shares in 2017Q2 were reported. 4,027 were reported by Schaller Invest Grp. Timber Hill holds 0.17% or 15,146 shares. Stewart West Indies Trading Communications has 186,100 shares for 1.91% of their portfolio. Thompson Davis And Communications invested 0.08% of its portfolio in Chevron Corporation (NYSE:CVX). Headinvest Ltd Com invested in 0.47% or 12,877 shares. Gamble Jones Inv Counsel has 1.4% invested in Chevron Corporation (NYSE:CVX) for 116,737 shares. Schmidt P J Mngmt Incorporated reported 56,937 shares or 2% of all its holdings. Benin Corp reported 16,209 shares stake. Pictet North America Advsr Sa accumulated 46,997 shares. Vantage Limited Co accumulated 0.15% or 4,864 shares. Moreover, Aureus Asset Mgmt Llc has 0.1% invested in Chevron Corporation (NYSE:CVX). Tradition Mngmt Ltd Liability holds 0.5% or 13,168 shares in its portfolio. Private Advisor Group Ltd, a New Jersey-based fund reported 143,946 shares. Wealthtrust Fairport Limited Liability Company, a Ohio-based fund reported 9,120 shares. 26,123 are owned by Tctc Ltd Liability Co.

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