Sprott Has Cut Industrias Bachoco Sab De Spon Adr (IBA) Stake By $1.30 Million; Ellington Management Group Has Trimmed Public Svc Enterprise Group (PEG) Position

February 15, 2018 - By Ellis Scott

Ellington Management Group Llc decreased Public Svc Enterprise Group (PEG) stake by 69.76% reported in 2017Q3 SEC filing. Ellington Management Group Llc sold 14,300 shares as Public Svc Enterprise Group (PEG)’s stock rose 1.22%. The Ellington Management Group Llc holds 6,200 shares with $287,000 value, down from 20,500 last quarter. Public Svc Enterprise Group now has $24.29 billion valuation. The stock increased 0.78% or $0.37 during the last trading session, reaching $47.99. About 970,663 shares traded. Public Service Enterprise Group Incorporated (NYSE:PEG) has declined 1.72% since February 15, 2017 and is downtrending. It has underperformed by 18.42% the S&P500.

Sprott Inc decreased Industrias Bachoco Sab De Spon Adr (IBA) stake by 18.15% reported in 2017Q3 SEC filing. Sprott Inc sold 19,722 shares as Industrias Bachoco Sab De Spon Adr (IBA)’s stock rose 16.19%. The Sprott Inc holds 88,914 shares with $5.91M value, down from 108,636 last quarter. Industrias Bachoco Sab De Spon Adr now has $3.00 billion valuation. The stock decreased 0.01% or $0.005 during the last trading session, reaching $60.055. About 3,808 shares traded. Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA) has risen 10.73% since February 15, 2017 and is uptrending. It has underperformed by 5.97% the S&P500.

Ellington Management Group Llc increased Spdr S&P 500 Etf Tr (Call) (SPY) stake by 198,500 shares to 200,000 valued at $50.25M in 2017Q3. It also upped Lowes Cos Inc (NYSE:LOW) stake by 14,200 shares and now owns 38,000 shares. Marathon Pete Corp (NYSE:MPC) was raised too.

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. On Sunday, November 5 the stock rating was maintained by RBC Capital Markets with “Hold”. The company was maintained on Tuesday, January 2 by Guggenheim. The stock has “Neutral” rating by Mizuho on Monday, February 5. RBC Capital Markets maintained it with “Hold” rating and $55.0 target in Thursday, February 1 report. The rating was initiated by Citigroup on Friday, September 18 with “Neutral”. On Wednesday, July 13 the stock rating was upgraded by Morgan Stanley to “Equal-Weight”. JP Morgan upgraded the stock to “Overweight” rating in Friday, December 16 report. The company was upgraded on Monday, January 22 by Macquarie Research. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, March 10. Argus Research maintained the stock with “Buy” rating in Wednesday, October 25 report.

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 $283.38M for 21.42 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 is negative, 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. Condor Mngmt holds 0.05% or 5,113 shares in its portfolio. Tocqueville Asset Limited Partnership holds 13,512 shares. Janney Montgomery Scott Ltd Co owns 68,862 shares for 0.04% of their portfolio. Fincl Bank reported 47,574 shares. Nelson Roberts Advsrs Ltd Co owns 670 shares. Sg Americas Ltd owns 3,398 shares. Gulf Comml Bank (Uk) Limited has invested 0.1% in Public Service Enterprise Group Incorporated (NYSE:PEG). Moreover, American Beacon Advsr has 0.79% invested in Public Service Enterprise Group Incorporated (NYSE:PEG). Cubist Systematic Strategies Lc stated it has 0.04% in Public Service Enterprise Group Incorporated (NYSE:PEG). 31,707 are held by Schafer Cullen Cap. Bryn Mawr Communication owns 6,100 shares. Bradley Foster And Sargent Inc Ct accumulated 0.02% or 8,907 shares. Mutual Of America Limited owns 95,836 shares. First Fincl Bank Trust Of Newtown reported 9,536 shares. Buckingham Asset Mgmt Ltd Limited Liability Company holds 0.06% or 5,204 shares.

Since August 23, 2017, it had 0 insider purchases, and 8 selling transactions for $11.01 million activity. On Tuesday, January 2 IZZO RALPH sold $1.07M worth of Public Service Enterprise Group Incorporated (NYSE:PEG) or 20,833 shares. On Wednesday, August 23 DiRisio Derek M sold $70,670 worth of Public Service Enterprise Group Incorporated (NYSE:PEG) or 1,500 shares.

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By1 Ellis Scott

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