Traders purchased shares of Public Service Enterprise Group Inc. (NYSE:PEG) on weakness during trading on Tuesday. $36.39 million flowed into the stock on the tick-up and $9.26 million flowed out of the stock on the tick-down, for a money net flow of $27.13 million into the stock. Of all companies tracked, Public Service Enterprise Group had the 12th highest net in-flow for the day. Public Service Enterprise Group traded down ($0.19) for the day and closed at $43.85

PEG has been the subject of several recent analyst reports. Deutsche Bank AG restated a “hold” rating and issued a $47.00 price target on shares of Public Service Enterprise Group in a research note on Tuesday, April 19th. Zacks Investment Research cut Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research note on Monday, April 25th. BMO Capital Markets restated a “hold” rating on shares of Public Service Enterprise Group in a research note on Monday, May 2nd. Argus restated a “buy” rating on shares of Public Service Enterprise Group in a research note on Thursday, May 5th. Finally, Bank of America Corp. restated a “hold” rating and issued a $46.00 price target on shares of Public Service Enterprise Group in a research note on Tuesday, May 24th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $45.33.

The stock’s 50 day moving average is $45.37 and its 200-day moving average is $44.78. The company has a market capitalization of $22.18 billion and a price-to-earnings ratio of 15.83.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Friday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.01. During the same quarter last year, the company earned $0.57 earnings per share. On average, equities research analysts expect that Public Service Enterprise Group Inc. will post $2.88 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $1.64 annualized dividend and a yield of 3.74%.

In other news, CEO Ralph Izzo sold 43,903 shares of the firm’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $44.92, for a total value of $1,972,122.76. Following the completion of the sale, the chief executive officer now owns 711,658 shares of the company’s stock, valued at approximately $31,967,677.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Ralph A. Larossa sold 35,824 shares of the firm’s stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $44.36, for a total value of $1,589,152.64. Following the completion of the sale, the chief operating officer now directly owns 84,322 shares of the company’s stock, valued at approximately $3,740,523.92. The disclosure for this sale can be found here.

Other hedge funds have bought and sold shares of the company. Atlantic Trust Group LLC boosted its stake in Public Service Enterprise Group by 11.8% in the fourth quarter. Atlantic Trust Group LLC now owns 26,994 shares of the company’s stock worth $1,045,000 after buying an additional 2,850 shares during the last quarter. I.G. Investment Management LTD. raised its position in shares of Public Service Enterprise Group by 232.7% in the fourth quarter. I.G. Investment Management LTD. now owns 27,974 shares of the company’s stock worth $1,082,000 after buying an additional 19,566 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Public Service Enterprise Group by 1.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,057 shares of the company’s stock worth $1,279,000 after buying an additional 555 shares during the period. Advantus Capital Management Inc raised its position in shares of Public Service Enterprise Group by 2.4% in the fourth quarter. Advantus Capital Management Inc now owns 48,354 shares of the company’s stock worth $1,871,000 after buying an additional 1,129 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Public Service Enterprise Group by 35.6% in the fourth quarter. Victory Capital Management Inc. now owns 58,919 shares of the company’s stock worth $2,280,000 after buying an additional 15,469 shares during the period.

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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