Public Service Enterprise Group Inc. (NYSE:PEG) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. reduced its position in Public Service Enterprise Group Inc. (NYSE:PEG) by 1.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 57,175 shares of the utilities provider’s stock after selling 900 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Public Service Enterprise Group were worth $3,363,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Zions Bancorporation N.A. purchased a new stake in shares of Public Service Enterprise Group during the 1st quarter worth $25,000. Berman Capital Advisors LLC boosted its position in shares of Public Service Enterprise Group by 79.0% during the 2nd quarter. Berman Capital Advisors LLC now owns 460 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 203 shares in the last quarter. Thor Advisors LLC purchased a new stake in shares of Public Service Enterprise Group during the 1st quarter worth $45,000. Executive Wealth Management LLC boosted its position in shares of Public Service Enterprise Group by 137.4% during the 2nd quarter. Executive Wealth Management LLC now owns 781 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 452 shares in the last quarter. Finally, Icon Wealth Partners LLC purchased a new stake in shares of Public Service Enterprise Group during the 1st quarter worth $58,000. 68.78% of the stock is currently owned by institutional investors.

In related news, COO Ralph A. Larossa sold 1,650 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $58.80, for a total value of $97,020.00. Following the completion of the transaction, the chief operating officer now owns 85,068 shares of the company’s stock, valued at approximately $5,001,998.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Ralph Izzo sold 52,407 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $58.78, for a total transaction of $3,080,483.46. Following the completion of the transaction, the chairman now directly owns 419,818 shares of the company’s stock, valued at approximately $24,676,902.04. The disclosure for this sale can be found here. Insiders sold a total of 164,046 shares of company stock worth $9,529,482 over the last quarter. Insiders own 0.51% of the company’s stock.

PEG has been the topic of several research analyst reports. KeyCorp initiated coverage on shares of Public Service Enterprise Group in a research report on Tuesday, June 4th. They set a “sector weight” rating and a $59.40 target price on the stock. ValuEngine lowered shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Morgan Stanley boosted their target price on shares of Public Service Enterprise Group from $67.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, June 14th. Bank of America lowered shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research report on Friday, July 19th. Finally, Citigroup lowered shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research report on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Public Service Enterprise Group presently has a consensus rating of “Buy” and a consensus price target of $62.46.

Shares of Public Service Enterprise Group stock traded up $0.34 on Friday, hitting $58.10. The company’s stock had a trading volume of 1,836,400 shares, compared to its average volume of 2,651,559. Public Service Enterprise Group Inc. has a 52-week low of $49.22 and a 52-week high of $61.63. The company has a quick ratio of 0.59, a current ratio of 0.79 and a debt-to-equity ratio of 0.99. The firm has a fifty day moving average price of $58.89 and a 200-day moving average price of $58.91. The company has a market capitalization of $28.98 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 7.79 and a beta of 0.33.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings data on Tuesday, July 30th. The utilities provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.04). Public Service Enterprise Group had a return on equity of 11.02% and a net margin of 14.41%. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. As a group, analysts expect that Public Service Enterprise Group Inc. will post 3.24 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 9th will be given a $0.47 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.88 annualized dividend and a dividend yield of 3.24%. Public Service Enterprise Group’s dividend payout ratio is presently 60.26%.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid- Atlantic United States. It operates through two segments, PSE&G and Power. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs to customers.

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Institutional Ownership by Quarter for Public Service Enterprise Group (NYSE:PEG)

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