Sage Capital Advisors llc decreased its position in Public Service Enterprise Group Incorporated (NYSE:PEG) by 2.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,553 shares of the utilities provider’s stock after selling 1,338 shares during the period. Public Service Enterprise Group makes up 1.7% of Sage Capital Advisors llc’s portfolio, making the stock its 22nd largest position. Sage Capital Advisors llc’s holdings in Public Service Enterprise Group were worth $2,431,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. IHT Wealth Management LLC grew 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 valued at $131,000 after buying an additional 202 shares during the period. Grove Bank & Trust grew its holdings in shares of Public Service Enterprise Group by 209.4% in the 3rd quarter. Grove Bank & Trust now owns 2,274 shares of the utilities provider’s stock valued at $105,000 after buying an additional 1,539 shares during the period. Hudock Capital Group LLC grew 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 valued at $113,000 after buying an additional 735 shares during the period. Vantage Investment Advisors LLC lifted its position in 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 valued at $115,000 after acquiring an additional 700 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in 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 valued at $125,000 after acquiring an additional 157 shares in the last quarter. 66.77% of the stock is owned by institutional investors.

Shares of Public Service Enterprise Group Incorporated (NYSE PEG) traded down $0.24 during trading hours on Friday, reaching $51.94. 4,244,400 shares of the company’s stock traded hands, compared to its average volume of 2,844,086. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 0.86. Public Service Enterprise Group Incorporated has a 52-week low of $41.67 and a 52-week high of $53.28. The company has a market cap of $26,280.00, a PE ratio of 17.99, a PEG ratio of 6.52 and a beta of 0.41.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.72 annualized dividend and a yield of 3.31%. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 168.63%.

In other Public Service Enterprise Group news, insider Derek M. Dirisio sold 2,185 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $51.50, for a total transaction of $112,527.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Ralph Izzo sold 20,833 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $46.50, for a total transaction of $968,734.50. The disclosure for this sale can be found here. Insiders have sold a total of 263,951 shares of company stock worth $13,045,041 over the last three months. Insiders own 0.61% of the company’s stock.

Several research firms recently commented on PEG. Morgan Stanley boosted their price objective on shares of Public Service Enterprise Group from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday. Zacks Investment Research cut shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Wells Fargo & Company raised shares of Public Service Enterprise Group from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 1st. Argus boosted their price objective 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. Finally, Bank of America began coverage on shares of Public Service Enterprise Group in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $49.00 price objective on the stock. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $50.81.

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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.

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

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