Public Service Enterprise Group Incorporated (NYSE:PEG) was the recipient of unusually large options trading on Wednesday. Traders purchased 15,055 call options on the stock. This is an increase of approximately 4,518% compared to the average daily volume of 326 call options.

Shares of Public Service Enterprise Group (PEG) opened at $51.93 on Friday. The stock has a market capitalization of $26,180.00, a PE ratio of 18.19, a price-to-earnings-growth ratio of 6.59 and a beta of 0.41. Public Service Enterprise Group has a 52 week low of $41.67 and a 52 week high of $53.28. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.56 and a current ratio of 0.80.

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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). The firm 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 company’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 earnings per share. equities research analysts anticipate that Public Service Enterprise Group will post 2.92 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders 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 dividend yield of 3.31%. Public Service Enterprise Group’s dividend payout ratio is currently 168.63%.

Several equities research analysts recently commented on PEG shares. Zacks Investment Research upgraded Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Tuesday, October 10th. BidaskClub upgraded Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Argus lifted their price objective 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. Wells Fargo & Company upgraded Public Service Enterprise Group from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 1st. Finally, Bank of America started coverage on Public Service Enterprise Group in a report on Tuesday, October 24th. They issued a “neutral” rating and a $49.00 price objective for the company. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Public Service Enterprise Group presently has an average rating of “Buy” and a consensus price target of $50.42.

In other news, Chairman Ralph Izzo sold 20,833 shares of Public Service Enterprise Group stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $52.90, for a total value of $1,102,065.70. Following the completion of the transaction, the chairman now owns 687,600 shares of the company’s stock, valued at approximately $36,374,040. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Derek M. Dirisio sold 2,185 shares of Public Service Enterprise Group stock in a transaction dated 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. In the last ninety days, insiders sold 263,951 shares of company stock valued at $13,045,041. 0.61% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in PEG. Federated Investors Inc. PA grew its stake in shares of Public Service Enterprise Group by 179.9% during the 2nd quarter. Federated Investors Inc. PA now owns 6,711,861 shares of the utilities provider’s stock valued at $288,677,000 after acquiring an additional 4,314,015 shares during the period. BT Investment Management Ltd bought a new position in shares of Public Service Enterprise Group during the 2nd quarter valued at approximately $84,819,000. Balyasny Asset Management LLC grew its stake in shares of Public Service Enterprise Group by 413.1% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,986,751 shares of the utilities provider’s stock valued at $85,450,000 after acquiring an additional 1,599,583 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Public Service Enterprise Group by 239.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,187,901 shares of the utilities provider’s stock valued at $101,190,000 after acquiring an additional 1,543,256 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its holdings in Public Service Enterprise Group by 179.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,160,960 shares of the utilities provider’s stock worth $92,943,000 after purchasing an additional 1,387,377 shares in the last quarter. Institutional investors own 66.77% of the company’s stock.

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Public Service Enterprise Group Company 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.

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