TD Asset Management Inc. decreased its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 3.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 359,171 shares of the utilities provider’s stock after selling 12,094 shares during the quarter. TD Asset Management Inc. owned about 0.07% of Public Service Enterprise Group worth $16,612,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Premier Asset Management LLC increased its holdings in shares of Public Service Enterprise Group by 0.6% during the 2nd quarter. Premier Asset Management LLC now owns 5,356 shares of the utilities provider’s stock worth $230,000 after acquiring an additional 31 shares during the last quarter. Wsfs Capital Management LLC increased its holdings in shares of Public Service Enterprise Group by 0.5% during the 2nd quarter. Wsfs Capital Management LLC now owns 9,123 shares of the utilities provider’s stock worth $392,000 after acquiring an additional 44 shares during the last quarter. Advisor Partners LLC increased its holdings in shares of Public Service Enterprise Group by 0.5% during the 2nd quarter. Advisor Partners LLC now owns 10,106 shares of the utilities provider’s stock worth $435,000 after acquiring an additional 48 shares during the last quarter. FCG Advisors LLC increased its holdings in shares of Public Service Enterprise Group by 0.4% during the 2nd quarter. FCG Advisors LLC now owns 12,005 shares of the utilities provider’s stock worth $516,000 after acquiring an additional 52 shares during the last quarter. Finally, BRYN MAWR TRUST Co increased its holdings in shares of Public Service Enterprise Group by 1.2% during the 2nd quarter. BRYN MAWR TRUST Co now owns 5,961 shares of the utilities provider’s stock worth $256,000 after acquiring an additional 73 shares during the last quarter. 66.77% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman Ralph Izzo sold 6,427 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $49.45, for a total transaction of $317,815.15. Following the completion of the sale, the chairman now directly owns 708,728 shares in the company, valued at approximately $35,046,599.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Derek M. Dirisio sold 2,185 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $51.50, for a total value of $112,527.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 243,118 shares of company stock valued at $11,942,975. 0.61% of the stock is owned by corporate insiders.

Public Service Enterprise Group Incorporated (PEG) traded up $0.01 during trading hours on Friday, hitting $53.07. The stock had a trading volume of 3,485,784 shares, compared to its average volume of 2,782,725. The company has a market cap of $26,334.26, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 6.50 and a beta of 0.39. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 0.86. Public Service Enterprise Group Incorporated has a 1 year low of $40.72 and a 1 year high of $53.28.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.24%. Public Service Enterprise Group’s payout ratio is 166.99%.

A number of research analysts recently weighed in on the company. Wells Fargo & Company raised Public Service Enterprise Group from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 1st. Zacks Investment Research lowered Public Service Enterprise Group from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Argus boosted their target price on Public Service Enterprise Group from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Bank of America assumed coverage on Public Service Enterprise Group in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $49.00 price target for the company. Finally, Jefferies Group restated a “hold” rating and issued a $46.50 price target on shares of Public Service Enterprise Group in a research note on Thursday, October 12th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $50.42.

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About Public Service Enterprise Group

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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