Green Square Capital LLC cut its position in Public Service Enterprise Group Inc. (NYSE:PEG) by 0.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 90,911 shares of the company’s stock after selling 863 shares during the period. Green Square Capital LLC’s holdings in Public Service Enterprise Group were worth $4,237,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PEG. Americafirst Capital Management LLC acquired a new stake in shares of Public Service Enterprise Group during the second quarter worth $135,000. NEXT Financial Group Inc increased its position in shares of Public Service Enterprise Group by 2.9% in the second quarter. NEXT Financial Group Inc now owns 3,676 shares of the company’s stock valued at $171,000 after buying an additional 105 shares in the last quarter. WASHINGTON TRUST Co purchased a new position in shares of Public Service Enterprise Group during the first quarter valued at about $202,000. Abner Herrman & Brock LLC purchased a new position in shares of Public Service Enterprise Group during the second quarter valued at about $211,000. Finally, QUANTRES ASSET MANAGEMENT Ltd purchased a new position in shares of Public Service Enterprise Group during the second quarter valued at about $219,000. Institutional investors and hedge funds own 66.37% of the company’s stock.

Public Service Enterprise Group Inc. (NYSE:PEG) traded up 2.42% on Wednesday, reaching $43.63. 3,000,612 shares of the company’s stock traded hands. The stock has a market cap of $22.07 billion, a price-to-earnings ratio of 15.75 and a beta of 0.24. Public Service Enterprise Group Inc. has a 12-month low of $36.80 and a 12-month high of $47.41. The stock has a 50 day moving average price of $43.14 and a 200 day moving average price of $44.92.

Public Service Enterprise Group (NYSE:PEG) last posted its 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. Public Service Enterprise Group had a net margin of 14.82% and a return on equity of 10.71%. During the same quarter in the previous year, the company posted $0.57 EPS. Analysts forecast that Public Service Enterprise Group Inc. will post $2.87 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Wednesday, September 7th. Public Service Enterprise Group’s payout ratio is currently 59.21%.

Several research analysts have recently issued reports on PEG shares. Morgan Stanley upgraded shares of Public Service Enterprise Group from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $43.00 to $47.00 in a research note on Wednesday, July 13th. Bank of America Corp. downgraded shares of Public Service Enterprise Group from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $46.00 to $41.00 in a research note on Tuesday, June 7th. Argus dropped their target price on shares of Public Service Enterprise Group from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday. Zacks Investment Research downgraded shares of Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $47.00 target price on shares of Public Service Enterprise Group in a research note on Wednesday, June 15th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $46.38.

In other news, COO William Levis sold 7,500 shares of Public Service Enterprise Group stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $43.73, for a total value of $327,975.00. Following the transaction, the chief operating officer now owns 156,671 shares of the company’s stock, valued at approximately $6,851,222.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ralph Izzo sold 43,313 shares of Public Service Enterprise Group stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $46.40, for a total transaction of $2,009,723.20. Following the completion of the transaction, the chief executive officer now directly owns 717,755 shares in the company, valued at approximately $33,303,832. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by insiders.

About Public Service Enterprise Group

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).

5 Day Chart for NYSE:PEG

Want to see what other hedge funds are holding PEG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Public Service Enterprise Group Inc. (NYSE:PEG).

Receive News & Ratings for Public Service Enterprise Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Service Enterprise Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.