4,245 Shares in Public Service Enterprise Group Inc. (NYSE:PEG) Purchased by Private Portfolio Partners LLC

Private Portfolio Partners LLC bought a new position in shares of Public Service Enterprise Group Inc. (NYSE:PEG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,245 shares of the utilities provider’s stock, valued at approximately $249,000.

Other large investors have also added to or reduced their stakes in the company. Zions Bancorporation N.A. purchased a new position in Public Service Enterprise Group during the 1st quarter valued at approximately $25,000. Berman Capital Advisors LLC grew its holdings in 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 valued at $27,000 after buying an additional 203 shares in the last quarter. Thor Advisors LLC purchased a new position in Public Service Enterprise Group during the 1st quarter valued at approximately $45,000. Executive Wealth Management LLC grew its holdings in 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 valued at $46,000 after buying an additional 452 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA grew its holdings in Public Service Enterprise Group by 357.4% during the 2nd quarter. San Francisco Sentry Investment Group CA now owns 956 shares of the utilities provider’s stock valued at $56,000 after buying an additional 747 shares in the last quarter. Hedge funds and other institutional investors own 69.39% of the company’s stock.

In other news, COO Ralph A. Larossa sold 1,650 shares of Public Service Enterprise Group stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $57.15, for a total value of $94,297.50. Following the completion of the transaction, the chief operating officer now owns 81,768 shares in the company, valued at approximately $4,673,041.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Daniel J. Cregg sold 625 shares of Public Service Enterprise Group stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $60.82, for a total value of $38,012.50. Following the completion of the transaction, the chief financial officer now owns 59,137 shares of the company’s stock, valued at approximately $3,596,712.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,815 shares of company stock valued at $6,583,003. Company insiders own 0.51% of the company’s stock.

Shares of Public Service Enterprise Group stock traded up $0.36 on Wednesday, reaching $61.53. The company had a trading volume of 34,794 shares, compared to its average volume of 1,885,264. The firm has a market cap of $30.93 billion, a price-to-earnings ratio of 19.73, a P/E/G ratio of 8.31 and a beta of 0.29. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.79 and a quick ratio of 0.59. The firm’s 50-day moving average price is $59.01 and its two-hundred day moving average price is $59.47. Public Service Enterprise Group Inc. has a 1 year low of $49.22 and a 1 year high of $62.22.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Tuesday, July 30th. The utilities provider reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.04). The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Public Service Enterprise Group had a return on equity of 11.02% and a net margin of 14.41%. During the same quarter last year, the firm posted $0.64 EPS. As a group, analysts anticipate that Public Service Enterprise Group Inc. will post 3.23 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 9th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Friday, September 6th. Public Service Enterprise Group’s dividend payout ratio (DPR) is 60.26%.

PEG has been the subject of several research analyst reports. UBS Group raised their price target on Public Service Enterprise Group from $67.00 to $71.00 and gave the company a “buy” rating in a report on Friday, September 6th. Morgan Stanley raised their price target on Public Service Enterprise Group from $67.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, June 14th. Bank of America cut Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $65.00 price target for the company. in a report on Friday, July 19th. Mizuho raised their price target on Public Service Enterprise Group from $60.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Finally, Citigroup cut Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $61.00 price target for the company. in a report on Monday, July 29th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $62.61.

About Public Service Enterprise Group

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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