Pacer Advisors Inc. increased its stake in Public Service Enterprise Group Incorporated (NYSE:PEG) by 10.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,968 shares of the utilities provider’s stock after purchasing an additional 1,131 shares during the quarter. Pacer Advisors Inc.’s holdings in Public Service Enterprise Group were worth $554,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PEG. Hudock Capital Group LLC raised its holdings in shares of Public Service Enterprise Group by 38.8% in the 2nd quarter. Hudock Capital Group LLC now owns 2,629 shares of the utilities provider’s stock worth $113,000 after purchasing an additional 735 shares during the period. Vantage Investment Advisors LLC raised its holdings in shares of Public Service Enterprise Group by 35.3% in the 2nd quarter. Vantage Investment Advisors LLC now owns 2,685 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 700 shares during the period. Parallel Advisors LLC raised its holdings in shares of Public Service Enterprise Group by 6.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,772 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 157 shares during the period. IHT Wealth Management LLC raised its holdings in shares of Public Service Enterprise Group by 45.9% in the 2nd quarter. IHT Wealth Management LLC now owns 642 shares of the utilities provider’s stock worth $131,000 after purchasing an additional 202 shares during the period. Finally, YorkBridge Wealth Partners LLC raised its holdings in shares of Public Service Enterprise Group by 13.8% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,489 shares of the utilities provider’s stock worth $149,000 after purchasing an additional 424 shares during the period. 66.77% of the stock is currently owned by institutional investors.

In other news, Chairman Ralph Izzo sold 6,427 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $49.45, for a total value of $317,815.15. Following the transaction, the chairman now owns 708,728 shares of the company’s stock, valued at $35,046,599.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 transaction of $112,527.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 243,118 shares of company stock worth $11,942,975. Insiders own 0.61% of the company’s stock.

A number of research firms recently commented on PEG. Jefferies Group reaffirmed a “hold” rating and issued a $46.50 price target on shares of Public Service Enterprise Group in a report on Thursday, October 12th. Barclays raised shares of Public Service Enterprise Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $49.00 to $51.00 in a report on Friday, September 22nd. Morgan Stanley lifted their price target on shares of Public Service Enterprise Group from $50.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $47.00 price target on shares of Public Service Enterprise Group in a report on Tuesday, October 10th. Finally, J P Morgan Chase & Co boosted their target price on shares of Public Service Enterprise Group from $49.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $50.42.

Public Service Enterprise Group Incorporated (PEG) remained flat at $$53.07 during trading on Friday. The company’s stock had a trading volume of 3,490,000 shares, compared to its average volume of 3,046,344. The stock has a market cap of $26,850.42, a P/E ratio of 18.30, a PEG ratio of 6.63 and a beta of 0.40. Public Service Enterprise Group Incorporated has a 12-month low of $40.72 and a 12-month high of $53.28. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.80 and a quick ratio of 0.56.

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

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

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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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