Public Service Enterprise Group Incorporated (NYSE:PEG) Shares Bought by Signaturefd LLC

Signaturefd LLC grew its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,495 shares of the utilities provider’s stock after purchasing an additional 187 shares during the period. Signaturefd LLC’s holdings in Public Service Enterprise Group were worth $519,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Operose Advisors LLC grew its holdings in Public Service Enterprise Group by 435.0% during the third quarter. Operose Advisors LLC now owns 535 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 435 shares during the period. CNB Bank acquired a new position in Public Service Enterprise Group during the third quarter worth about $34,000. Bruce G. Allen Investments LLC acquired a new position in Public Service Enterprise Group during the fourth quarter worth about $36,000. Anchor Investment Management LLC acquired a new position in Public Service Enterprise Group during the fourth quarter worth about $37,000. Finally, Blue Bell Private Wealth Management LLC grew its holdings in Public Service Enterprise Group by 39.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 695 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 195 shares during the period. 73.34% of the stock is owned by institutional investors and hedge funds.

Public Service Enterprise Group Stock Up 1.1 %

PEG opened at $67.23 on Thursday. Public Service Enterprise Group Incorporated has a fifty-two week low of $53.71 and a fifty-two week high of $67.51. The business has a 50-day moving average of $64.31 and a 200-day moving average of $62.18. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.67 and a quick ratio of 0.46. The company has a market capitalization of $33.52 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 2.91 and a beta of 0.58.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings results on Monday, February 26th. The utilities provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. Public Service Enterprise Group had a return on equity of 11.53% and a net margin of 22.81%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period last year, the business earned $0.64 EPS. The business’s quarterly revenue was down 17.0% on a year-over-year basis. Equities research analysts forecast that Public Service Enterprise Group Incorporated will post 3.66 EPS for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Friday, June 7th. Public Service Enterprise Group’s payout ratio is 46.78%.

Analysts Set New Price Targets

A number of research firms recently issued reports on PEG. Barclays lifted their target price on Public Service Enterprise Group from $68.00 to $71.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Royal Bank of Canada increased their price target on Public Service Enterprise Group from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Wells Fargo & Company increased their price target on Public Service Enterprise Group from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Bank of America increased their price target on Public Service Enterprise Group from $66.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Finally, Guggenheim lowered Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $61.00 price target for the company. in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Public Service Enterprise Group has a consensus rating of “Moderate Buy” and an average price target of $67.15.

Insider Activity at Public Service Enterprise Group

In related news, CEO Ralph A. Larossa sold 1,374 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $63.00, for a total value of $86,562.00. Following the transaction, the chief executive officer now directly owns 153,721 shares of the company’s stock, valued at approximately $9,684,423. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Richard T. Thigpen sold 4,800 shares of Public Service Enterprise Group stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $64.18, for a total transaction of $308,064.00. Following the sale, the senior vice president now owns 31,122 shares of the company’s stock, valued at approximately $1,997,409.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ralph A. Larossa sold 1,374 shares of Public Service Enterprise Group stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $63.00, for a total value of $86,562.00. Following the sale, the chief executive officer now directly owns 153,721 shares in the company, valued at approximately $9,684,423. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,948 shares of company stock valued at $511,814. Corporate insiders own 0.57% of the company’s stock.

Public Service Enterprise Group 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.