Public Service Enterprise Group Incorporated (NYSE:PEG) Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG) by 76.8% during the 4th quarter, Holdings Channel reports. The firm owned 2,275 shares of the utilities provider’s stock after buying an additional 988 shares during the period. TD Waterhouse Canada Inc.’s holdings in Public Service Enterprise Group were worth $192,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Pine Valley Investments Ltd Liability Co raised its holdings in shares of Public Service Enterprise Group by 8.5% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 8,527 shares of the utilities provider’s stock worth $761,000 after acquiring an additional 670 shares during the last quarter. World Investment Advisors LLC purchased a new position in Public Service Enterprise Group in the 3rd quarter valued at about $4,403,000. Arvest Bank Trust Division acquired a new stake in shares of Public Service Enterprise Group during the 3rd quarter worth about $2,860,000. Wilmington Savings Fund Society FSB grew its holdings in shares of Public Service Enterprise Group by 30.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 10,189 shares of the utilities provider’s stock worth $909,000 after buying an additional 2,384 shares in the last quarter. Finally, Tidal Investments LLC raised its position in shares of Public Service Enterprise Group by 26.9% in the third quarter. Tidal Investments LLC now owns 16,306 shares of the utilities provider’s stock valued at $1,455,000 after buying an additional 3,461 shares during the last quarter. 73.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PEG has been the topic of a number of analyst reports. Bank of America decreased their target price on shares of Public Service Enterprise Group from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. BMO Capital Markets lowered their price objective on Public Service Enterprise Group from $86.00 to $83.00 and set a “market perform” rating for the company in a research report on Thursday, April 10th. Guggenheim reiterated a “buy” rating and set a $98.00 target price on shares of Public Service Enterprise Group in a research report on Wednesday, February 26th. Wells Fargo & Company lowered their price target on Public Service Enterprise Group from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Finally, StockNews.com upgraded shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 16th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.35.

Insider Activity at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,378 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $82.88, for a total value of $114,208.64. Following the completion of the transaction, the chief executive officer now directly owns 221,670 shares of the company’s stock, valued at $18,372,009.60. This represents a 0.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.19% of the company’s stock.

Public Service Enterprise Group Stock Down 0.9 %

Shares of Public Service Enterprise Group stock opened at $80.99 on Friday. The company has a fifty day moving average price of $81.62 and a 200 day moving average price of $85.18. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 1.18. Public Service Enterprise Group Incorporated has a twelve month low of $66.57 and a twelve month high of $95.22. The stock has a market cap of $40.38 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 2.78 and a beta of 0.52.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Tuesday, February 25th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.01. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.03 billion. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. Equities research analysts forecast that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Monday, June 9th. Public Service Enterprise Group’s payout ratio is 71.19%.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.