Investors purchased shares of Public Service Enterprise Group Inc. (NYSE:PEG) on weakness during trading on Tuesday. $73.12 million flowed into the stock on the tick-up and $15.77 million flowed out of the stock on the tick-down, for a money net flow of $57.35 million into the stock. Of all equities tracked, Public Service Enterprise Group had the 4th highest net in-flow for the day. Public Service Enterprise Group traded down ($0.23) for the day and closed at $45.16

Several analysts have recently weighed in on the stock. Bank of America Corp. lowered shares of Public Service Enterprise Group from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $46.00 to $41.00 in a research report on Tuesday, June 7th. Zacks Investment Research lowered shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research report on Monday, April 25th. Morgan Stanley upgraded shares of Public Service Enterprise Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $43.00 to $47.00 in a research report on Wednesday, July 13th. Deutsche Bank AG restated a “hold” rating and issued a $47.00 price target on shares of Public Service Enterprise Group in a research report on Thursday, May 19th. Finally, BMO Capital Markets restated a “hold” rating on shares of Public Service Enterprise Group in a research report on Monday, May 2nd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $45.33.

The firm has a market capitalization of $22.85 billion and a price-to-earnings ratio of 16.30. The firm has a 50 day moving average price of $45.41 and a 200-day moving average price of $44.64.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings results on Friday, July 29th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by $0.01. During the same period last year, the company earned $0.57 EPS. On average, analysts predict that Public Service Enterprise Group Inc. will post $2.87 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Wednesday, September 7th.

In other Public Service Enterprise Group news, CEO Ralph Izzo sold 43,313 shares of the stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $46.40, for a total transaction of $2,009,723.20. Following the sale, the chief executive officer now directly owns 717,755 shares in the company, valued at $33,303,832. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Ralph A. Larossa sold 35,824 shares of the stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $44.36, for a total transaction of $1,589,152.64. Following the sale, the chief operating officer now owns 84,322 shares in the company, valued at $3,740,523.92. The disclosure for this sale can be found here.

A number of large investors have recently made changes to their positions in PEG. Bank of Montreal Can increased its stake in shares of Public Service Enterprise Group by 63.7% in the fourth quarter. Bank of Montreal Can now owns 1,131,327 shares of the company’s stock worth $43,770,000 after buying an additional 440,152 shares during the last quarter. Morgan Stanley increased its stake in shares of Public Service Enterprise Group by 99.9% in the fourth quarter. Morgan Stanley now owns 3,004,151 shares of the company’s stock worth $116,230,000 after buying an additional 1,501,238 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in shares of Public Service Enterprise Group by 6.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 76,616 shares of the company’s stock worth $2,964,000 after buying an additional 4,884 shares during the last quarter. Opus Investment Management Inc. increased its stake in shares of Public Service Enterprise Group by 25.8% in the fourth quarter. Opus Investment Management Inc. now owns 102,400 shares of the company’s stock worth $3,962,000 after buying an additional 21,000 shares during the last quarter. Finally, Morningstar Investment Services LLC increased its stake in shares of Public Service Enterprise Group by 10.9% in the fourth quarter. Morningstar Investment Services LLC now owns 312,643 shares of the company’s stock worth $12,096,000 after buying an additional 30,610 shares during the last quarter.

Public Service Enterprise Group Incorporated (PSEG) is an energy holding company with operations located in the Northeastern and Mid- Atlantic United States. The Company is engaged in the transmission and distribution of electricity and natural gas. The Company’s business consists of two segments, including Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (Power).

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