First National Trust Co decreased its holdings in Public Service Enterprise Group Inc. (NYSE:PEG) by 13.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,665 shares of the utilities provider’s stock after selling 1,011 shares during the quarter. First National Trust Co’s holdings in Public Service Enterprise Group were worth $344,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Creative Planning grew its stake in shares of Public Service Enterprise Group by 7.0% in the fourth quarter. Creative Planning now owns 43,664 shares of the utilities provider’s stock worth $2,249,000 after purchasing an additional 2,838 shares in the last quarter. National Pension Service grew its stake in shares of Public Service Enterprise Group by 1.9% in the fourth quarter. National Pension Service now owns 488,389 shares of the utilities provider’s stock worth $25,152,000 after purchasing an additional 8,918 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Public Service Enterprise Group by 12.5% in the fourth quarter. Bank of Montreal Can now owns 819,808 shares of the utilities provider’s stock worth $42,219,000 after purchasing an additional 91,251 shares in the last quarter. Legacy Private Trust Co. grew its stake in shares of Public Service Enterprise Group by 27.0% in the fourth quarter. Legacy Private Trust Co. now owns 17,908 shares of the utilities provider’s stock worth $922,000 after purchasing an additional 3,810 shares in the last quarter. Finally, Hexavest Inc. grew its stake in shares of Public Service Enterprise Group by 0.3% in the fourth quarter. Hexavest Inc. now owns 585,598 shares of the utilities provider’s stock worth $30,158,000 after purchasing an additional 1,902 shares in the last quarter. 66.68% of the stock is owned by institutional investors.

Several research analysts recently weighed in on the company. Guggenheim reaffirmed a “buy” rating and set a $58.00 target price on shares of Public Service Enterprise Group in a research note on Wednesday, January 3rd. Zacks Investment Research cut Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Barclays raised Public Service Enterprise Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $49.00 to $51.00 in a research note on Friday, September 22nd. Jefferies Group reaffirmed a “hold” rating and set a $46.50 target price on shares of Public Service Enterprise Group in a research note on Thursday, October 12th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $47.00 target price on shares of Public Service Enterprise Group in a research note on Tuesday, October 10th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Public Service Enterprise Group presently has a consensus rating of “Buy” and an average target price of $51.32.

Shares of Public Service Enterprise Group Inc. (NYSE:PEG) opened at $49.80 on Friday. Public Service Enterprise Group Inc. has a fifty-two week low of $41.67 and a fifty-two week high of $53.28. The company has a market capitalization of $25,140.00, a price-to-earnings ratio of 48.82, a PEG ratio of 6.05 and a beta of 0.41. 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 (NYSE:PEG) last announced its 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 net margin of 5.73% and a return on equity of 11.33%. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the prior year, the company earned $0.88 earnings per share. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. sell-side analysts anticipate that Public Service Enterprise Group Inc. will post 2.93 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 8th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Thursday, December 7th. Public Service Enterprise Group’s dividend payout ratio is 168.63%.

In other 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 of the company’s stock, valued at $35,046,599.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Ralph A. Larossa sold 33,000 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were 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 ninety days, insiders have sold 144,071 shares of company stock valued at $7,275,472. 0.61% of the stock is currently owned by company insiders.

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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.

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

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