Raymond James Trust N.A. lowered its position in shares of Public Service Enterprise Group Inc. (NYSE:PEG) by 0.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,804 shares of the utilities provider’s stock after selling 439 shares during the quarter. Raymond James Trust N.A.’s holdings in Public Service Enterprise Group were worth $4,063,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Investment Advisory Services LLC lifted its stake in Public Service Enterprise Group by 123.0% in the third quarter. Capital Investment Advisory Services LLC now owns 475 shares of the utilities provider’s stock valued at $29,000 after buying an additional 262 shares during the period. Stonebridge Capital Advisors LLC bought a new stake in shares of Public Service Enterprise Group in the 2nd quarter worth approximately $29,000. Resources Management Corp CT ADV bought a new stake in shares of Public Service Enterprise Group in the 3rd quarter worth approximately $31,000. Bridger Capital Management LLC bought a new stake in shares of Public Service Enterprise Group in the 3rd quarter worth approximately $50,000. Finally, Corbenic Partners LLC bought a new stake in shares of Public Service Enterprise Group in the 4th quarter worth approximately $63,000. 69.35% of the stock is owned by institutional investors.

In other Public Service Enterprise Group news, COO Ralph A. Larossa sold 1,650 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $58.55, for a total transaction of $96,607.50. Following the sale, the chief operating officer now directly owns 76,069 shares in the company, valued at $4,453,839.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 5,150 shares of company stock worth $309,675. Company insiders own 0.51% of the company’s stock.

PEG stock traded up $0.13 during midday trading on Tuesday, reaching $58.38. 2,203,223 shares of the company traded hands, compared to its average volume of 2,657,150. Public Service Enterprise Group Inc. has a 52-week low of $50.59 and a 52-week high of $63.88. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.52 and a current ratio of 0.75. The business has a 50 day moving average of $58.69 and a 200-day moving average of $60.00. The firm has a market capitalization of $29.48 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 4.68 and a beta of 0.24.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. Public Service Enterprise Group had a return on equity of 11.01% and a net margin of 14.45%. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the business posted $0.95 earnings per share. Research analysts anticipate that Public Service Enterprise Group Inc. will post 3.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.88 dividend on an annualized basis and a yield of 3.22%. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 60.26%.

A number of research analysts have issued reports on PEG shares. Barclays cut Public Service Enterprise Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Royal Bank of Canada boosted their price target on Public Service Enterprise Group from $60.00 to $62.00 and gave the company a “sector perform” rating in a report on Thursday, October 3rd. Mizuho boosted their price target on Public Service Enterprise Group from $62.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Wolfe Research downgraded Public Service Enterprise Group from an “outperform” rating to a “peer perform” rating and set a $64.00 price objective on the stock. in a research report on Thursday, November 14th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Public Service Enterprise Group has a consensus rating of “Hold” and a consensus price target of $63.38.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid- Atlantic United States. It operates through two segments, PSE&G and Power. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs to customers.

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

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