Public Svc Enterprise Group (PEG) Shareholder Opus Investment Management Has Decreased Its Stake as Market Value Rose; Bank Of Commerce Holdings (BOCH) Holder Jcsd Capital Lifted Position

August 12, 2018 - By Pearl Odom

Public Service Enterprise Group Incorporated (NYSE:PEG) Logo

Jcsd Capital Llc increased its stake in Bank Of Commerce Holdings (BOCH) by 12.2% based on its latest 2018Q1 regulatory filing with the SEC. Jcsd Capital Llc bought 30,188 shares as the company’s stock rose 7.24% while stock markets declined. The institutional investor held 277,642 shares of the major banks company at the end of 2018Q1, valued at $3.24M, up from 247,454 at the end of the previous reported quarter. Jcsd Capital Llc who had been investing in Bank Of Commerce Holdings for a number of months, seems to be bullish on the $204.79 million market cap company. The stock increased 0.20% or $0.03 during the last trading session, reaching $12.55. About 7,889 shares traded. Bank of Commerce Holdings (NASDAQ:BOCH) has risen 5.80% since August 12, 2017 and is uptrending. It has underperformed by 6.77% the S&P500. Some Historical BOCH News: 21/03/2018 Bank of Commerce Holdings Announces Retirement of Director David H. Scott and First Quarter Cash Dividend of $0.03 per Share; 20/04/2018 – People‚Äôs Bank of Commerce Earnings Increase 37%; 20/04/2018 – People’s Bank of Commerce Earnings Increase 37%; 30/04/2018 – Chris Rudberg Joins California Bank of Commerce as Vice President and Relationship Manager; 20/04/2018 – Bank of Commerce Hldgs 1Q EPS 20c; 15/05/2018 – Basswood Capital Management Buys Into Bank of Commerce Holdings; 06/05/2018 – DJ People’s Bank of Commerce, Inst Holders, 1Q 2018 (PBCO); 21/03/2018 – Bank of Commerce Holdings: David H. Scott to Retire From Board; 19/04/2018 – DJ Bank of Commerce Holdings, Inst Holders, 1Q 2018 (BOCH)

Opus Investment Management Inc decreased its stake in Public Svc Enterprise Group (PEG) by 9.42% based on its latest 2018Q1 regulatory filing with the SEC. Opus Investment Management Inc sold 12,000 shares as the company’s stock rose 4.17% while stock markets declined. The institutional investor held 115,400 shares of the power generation company at the end of 2018Q1, valued at $5.80M, down from 127,400 at the end of the previous reported quarter. Opus Investment Management Inc who had been investing in Public Svc Enterprise Group for a number of months, seems to be less bullish one the $25.93 billion market cap company. The stock decreased 1.27% or $0.66 during the last trading session, reaching $51.32. About 2.27 million shares traded. Public Service Enterprise Group Incorporated (NYSE:PEG) has risen 17.65% since August 12, 2017 and is uptrending. It has outperformed by 5.08% the S&P500. Some Historical PEG News: 09/04/2018 – U.S. FERC says PSEG unit violated power market rules; 24/05/2018 – Higher PJM auction prices won’t save some U.S. nuclear plants; 12/04/2018 – NEW JERSEY SENATE PASSES BILL AIDING PSEG, EXELON NUKE PLANTS; 17/05/2018 – PSEG Long Island Selects Tendril to Implement Behavioral Energy Efficiency and Customer Engagement Programs; 22/04/2018 – DJ Public Service Enterprise Group Inc, Inst Holders, 1Q 2018 (PEG); 23/05/2018 – NEW JERSEY GOVERNOR SIGNS BILL TO SUBSIDIZE NUCLEAR POWER PLANTS TO FURTHER GREENHOUSE GAS REDUCTION GOALS; 13/04/2018 – PSEG NUCLEAR’S – PSEG NUCLEAR’S HOPE CREEK GENERATING STATION SAFELY TAKEN OFFLINE FOR SCHEDULED REFUELING & MAINTENANCE OUTAGE; 30/04/2018 – NRC OKS PSEG NUCLEAR’S REQUEST TO BOOST HOPE CREEK CAPACITY; 26/03/2018 – PSEG’S HOPE CREEK 1 REACTOR COASTING DOWN FOR REFUELING; 31/05/2018 – PUBLIC SERVICE ENTERPRISE GROUP INC PEG.N – INVESTMENT PROGRAM ALSO INCLUDES PROPOSAL TO INVEST $2.5 BLN TO EXTEND ENERGY STRONG PROGRAM

Since March 1, 2018, it had 0 insider buys, and 6 insider sales for $6.17 million activity. Linde Tamara Louise had sold 16,400 shares worth $825,981 on Monday, April 16.

More news for Public Service Enterprise Group Incorporated (NYSE:PEG) were recently published by: Seekingalpha.com, which released: “Public Service Enterprise Group Inc. (PEG) CEO Ralph Izzo on Q2 2018 Results – Earnings Call Transcript” on August 01, 2018. Nasdaq.com‘s article titled: “Report: Exploring Fundamental Drivers Behind AMERISAFE, SM Energy, Papa John’s International, CNX Resources …” and published on August 09, 2018 is yet another important article.

Opus Investment Management Inc, which manages about $8.16 billion and $544.83M US Long portfolio, upped its stake in Vanguard (VEA) by 53,800 shares to 1.53M shares, valued at $67.65 million in 2018Q1, according to the filing. It also increased its holding in Huntington Bancshares (NASDAQ:HBAN) by 34,000 shares in the quarter, for a total of 164,500 shares, and has risen its stake in Oge Energy Corp. (NYSE:OGE).

Investors sentiment decreased to 0.81 in Q1 2018. Its down 0.22, from 1.03 in 2017Q4. It turned negative, as 54 investors sold PEG shares while 242 reduced holdings. 68 funds opened positions while 172 raised stakes. 333.32 million shares or 0.25% more from 332.49 million shares in 2017Q4 were reported. Sumitomo Mitsui Asset Management Limited stated it has 35,783 shares. Wetherby Asset Management holds 0.04% or 6,047 shares. Stratos Wealth Prtnrs Ltd owns 5,706 shares. State Board Of Administration Of Florida Retirement Systems owns 716,131 shares or 0.1% of their US portfolio. Dalton Greiner Hartman Maher holds 70,612 shares. Timber Hill invested 0.31% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG). Sg Americas Securities Ltd Liability Corp reported 0.04% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG). First Personal Financial reported 679 shares. Asset owns 31,652 shares. Systematic LP reported 338,751 shares or 0.38% of all its holdings. The Ontario – Canada-based Mackenzie has invested 0% in Public Service Enterprise Group Incorporated (NYSE:PEG). 13,657 were accumulated by Amer Economic Planning Grp Adv. Haverford holds 0.01% or 8,492 shares. Montecito Comml Bank And has 8,543 shares. Old Mutual Customised Solutions (Proprietary) Limited owns 0.18% invested in Public Service Enterprise Group Incorporated (NYSE:PEG) for 34,545 shares.

Analysts await Public Service Enterprise Group Incorporated (NYSE:PEG) to report earnings on October, 30. They expect $0.91 earnings per share, up 10.98% or $0.09 from last year’s $0.82 per share. PEG’s profit will be $459.84 million for 14.10 P/E if the $0.91 EPS becomes a reality. After $0.64 actual earnings per share reported by Public Service Enterprise Group Incorporated for the previous quarter, Wall Street now forecasts 42.19% EPS growth.

Among 16 analysts covering Public Service Enterprise Group Incorporated (NYSE:PEG), 8 have Buy rating, 1 Sell and 7 Hold. Therefore 50% are positive. Public Service Enterprise Group Incorporated had 66 analyst reports since September 11, 2015 according to SRatingsIntel. The rating was maintained by JP Morgan on Tuesday, April 10 with “Overweight”. The rating was downgraded by Goldman Sachs to “Neutral” on Friday, July 20. JP Morgan initiated the stock with “Neutral” rating in Friday, September 11 report. The stock has “Buy” rating by Deutsche Bank on Tuesday, December 20. Argus Research maintained it with “Buy” rating and $56 target in Wednesday, October 25 report. The stock has “Neutral” rating by Citigroup on Friday, September 18. The rating was maintained by Guggenheim with “Buy” on Tuesday, January 2. The stock has “Neutral” rating by Mizuho on Monday, February 5. Morgan Stanley upgraded the shares of PEG in report on Thursday, September 21 to “Overweight” rating. The firm has “Buy” rating given on Monday, April 16 by Bank of America.

Since May 1, 2018, it had 1 buy, and 0 selling transactions for $48,103 activity.

Jcsd Capital Llc, which manages about $137.13 million US Long portfolio, decreased its stake in Bank Of The Ozarks Inc (NASDAQ:OZRK) by 35,000 shares to 50,000 shares, valued at $2.41 million in 2018Q1, according to the filing. It also reduced its holding in Cullen Frost Bankers Inc (NYSE:CFR) by 7,500 shares in the quarter, leaving it with 20,000 shares, and cut its stake in Fcb Financial Holdings Inc Cl A (NYSE:FCB).

More news for Bank of Commerce Holdings (NASDAQ:BOCH) were recently published by: Globenewswire.com, which released: “Redding Bank of Commerce Announces Carr Fire Support Campaign” on July 30, 2018. Bizjournals.com‘s article titled: “After a decade, banks returning to Sacramento” and published on July 26, 2018 is yet another important article.

Investors sentiment decreased to 1.07 in Q1 2018. Its down 0.37, from 1.44 in 2017Q4. It dropped, as 7 investors sold BOCH shares while 20 reduced holdings. 10 funds opened positions while 19 raised stakes. 8.69 million shares or 2.69% more from 8.46 million shares in 2017Q4 were reported. Geode Cap Limited Com holds 0% of its portfolio in Bank of Commerce Holdings (NASDAQ:BOCH) for 169,986 shares. Renaissance Tech Limited Liability Corp holds 0% of its portfolio in Bank of Commerce Holdings (NASDAQ:BOCH) for 68,280 shares. Bnp Paribas Arbitrage has 3,301 shares for 0% of their portfolio. Alpine Woods Cap Invsts Ltd Company invested 0.01% in Bank of Commerce Holdings (NASDAQ:BOCH). 335,486 are owned by Pacific Ridge Capital Ptnrs Ltd Liability Com. California State Teachers Retirement Systems reported 0% in Bank of Commerce Holdings (NASDAQ:BOCH). Bessemer Grp Incorporated holds 6,500 shares or 0% of its portfolio. 254,081 are held by Bridgeway Mngmt Incorporated. Jpmorgan Chase Com owns 3,118 shares for 0% of their portfolio. Barclays Pcl reported 3,588 shares. Maltese Lc accumulated 0.06% or 80,000 shares. Legal And General Public Limited Com stated it has 2,983 shares. Fincl Bank Of New York Mellon invested in 0% or 75,485 shares. Rhumbline Advisers holds 11,900 shares or 0% of its portfolio. Millennium Mngmt Ltd accumulated 0% or 30,133 shares.

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

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