Skandinaviska Enskilda Banken AB publ lessened its position in Public Service Enterprise Group Incorporated (NYSE:PEG) by 32.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,354,667 shares of the utilities provider’s stock after selling 647,200 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.27% of Public Service Enterprise Group worth $62,653,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of PEG. IHT Wealth Management LLC lifted its position in Public Service Enterprise Group by 45.9% during the 2nd quarter. IHT Wealth Management LLC now owns 642 shares of the utilities provider’s stock worth $131,000 after buying an additional 202 shares in the last quarter. Grove Bank & Trust lifted its position in Public Service Enterprise Group by 209.4% during the 3rd quarter. Grove Bank & Trust now owns 2,274 shares of the utilities provider’s stock worth $105,000 after buying an additional 1,539 shares in the last quarter. Hudock Capital Group LLC lifted its position in Public Service Enterprise Group by 38.8% during the 2nd quarter. Hudock Capital Group LLC now owns 2,629 shares of the utilities provider’s stock worth $113,000 after buying an additional 735 shares in the last quarter. Vantage Investment Advisors LLC lifted its position in Public Service Enterprise Group by 35.3% during the 2nd quarter. Vantage Investment Advisors LLC now owns 2,685 shares of the utilities provider’s stock worth $115,000 after buying an additional 700 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in Public Service Enterprise Group by 6.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,772 shares of the utilities provider’s stock worth $125,000 after buying an additional 157 shares in the last quarter. Institutional investors own 66.77% of the company’s stock.

Several brokerages recently issued reports on PEG. Wells Fargo & Company upgraded shares of Public Service Enterprise Group from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Argus upped their target price on shares of Public Service Enterprise Group from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Bank of America began coverage on shares of Public Service Enterprise Group in a research report on Tuesday, October 24th. They set a “neutral” rating and a $49.00 target price on the stock. Finally, Jefferies Group restated a “hold” rating and set a $46.50 target price on shares of Public Service Enterprise Group in a research report on Thursday, October 12th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Public Service Enterprise Group currently has an average rating of “Buy” and a consensus target price of $50.42.

In related news, insider Derek M. Dirisio sold 2,185 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $51.50, for a total transaction of $112,527.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Ralph A. Larossa sold 33,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $50.12, for a total value of $1,653,960.00. Following the sale, the chief operating officer now directly owns 81,241 shares of the company’s stock, valued at $4,071,798.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 243,118 shares of company stock valued at $11,942,975. 0.61% of the stock is owned by company insiders.

Shares of Public Service Enterprise Group Incorporated (PEG) traded up $0.66 during mid-day trading on Thursday, hitting $52.70. The stock had a trading volume of 3,820,100 shares, compared to its average volume of 2,772,709. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 0.86. The company has a market cap of $26,334.26, a PE ratio of 17.94, a PEG ratio of 6.50 and a beta of 0.39. Public Service Enterprise Group Incorporated has a one year low of $40.72 and a one year high of $52.79.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). Public Service Enterprise Group had a net margin of 5.73% and a return on equity of 11.33%. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the company earned $0.88 earnings per share. The business’s revenue was down 7.6% compared to the same quarter last year. analysts anticipate that Public Service Enterprise Group Incorporated will post 2.92 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.72 dividend on an annualized basis and a yield of 3.26%. Public Service Enterprise Group’s payout ratio is 166.99%.

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Public Service Enterprise Group Profile

Public Service Enterprise Group Incorporated (PSEG) is a holding company. The Company is an energy company with operations located primarily in the Northeastern and Mid-Atlantic United States. The Company’s segments include Public Service Electric and Gas Company (PSE&G), PSEG Power LLC (Power) and Other.

Institutional Ownership by Quarter for Public Service Enterprise Group (NYSE:PEG)

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