Public Service Enterprise Group Inc. (NYSE:PEG) gapped up prior to trading on Friday . The stock had previously closed at $43.80, but opened at $43.92. Public Service Enterprise Group shares last traded at $44.08, with a volume of 1,162,072 shares.

PEG has been the subject of several research analyst reports. Deutsche Bank AG reissued a “hold” rating and issued a $47.00 target price on shares of Public Service Enterprise Group in a research report on Tuesday, April 19th. Zacks Investment Research downgraded shares of Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Argus reissued a “buy” rating on shares of Public Service Enterprise Group in a research report on Thursday, May 5th. BMO Capital Markets reissued a “hold” rating on shares of Public Service Enterprise Group in a research report on Monday, May 2nd. Finally, Morgan Stanley raised shares of Public Service Enterprise Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $43.00 to $47.00 in a research report on Wednesday, July 13th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. Public Service Enterprise Group currently has an average rating of “Hold” and an average price target of $45.33.

The stock’s 50-day moving average price is $45.35 and its 200-day moving average price is $44.80. The stock has a market capitalization of $22.25 billion and a PE ratio of 15.87.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Wednesday, September 7th.

In other Public Service Enterprise Group news, COO Ralph A. Larossa sold 35,824 shares of the stock in a transaction on Tuesday, June 14th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Ralph Izzo sold 43,564 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $45.76, for a total transaction of $1,993,488.64. Following the completion of the sale, the chairman now directly owns 729,201 shares of the company’s stock, valued at $33,368,237.76. The disclosure for this sale can be found here.

Other hedge funds recently modified their holdings of the company. BlackRock Advisors LLC increased its stake in shares of Public Service Enterprise Group by 65.7% in the fourth quarter. BlackRock Advisors LLC now owns 5,580,744 shares of the company’s stock worth $215,919,000 after buying an additional 2,213,524 shares during the period. Bridgewater Associates LP increased its stake in shares of Public Service Enterprise Group by 106.5% in the fourth quarter. Bridgewater Associates LP now owns 191,358 shares of the company’s stock worth $7,404,000 after buying an additional 98,701 shares during the period. 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 period. Advisors Asset Management Inc. increased its stake in shares of Public Service Enterprise Group by 2.5% in the fourth quarter. Advisors Asset Management Inc. now owns 62,984 shares of the company’s stock worth $2,437,000 after buying an additional 1,558 shares during the period. Finally, Victory Capital Management Inc. increased its stake 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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