Insider Selling: Public Service Enterprise Group Incorporated (NYSE:PEG) CEO Sells 1,378 Shares of Stock

Public Service Enterprise Group Incorporated (NYSE:PEGGet Free Report) CEO Ralph A. Larossa sold 1,378 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $84.91, for a total value of $117,005.98. Following the completion of the transaction, the chief executive officer now owns 144,212 shares of the company’s stock, valued at approximately $12,245,040.92. This represents a 0.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Public Service Enterprise Group Stock Performance

Shares of NYSE:PEG traded up $1.15 during trading on Friday, reaching $86.25. 1,684,951 shares of the company’s stock traded hands, compared to its average volume of 1,772,926. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.68 and a quick ratio of 0.48. The company has a 50 day moving average of $87.87 and a 200-day moving average of $83.41. Public Service Enterprise Group Incorporated has a 12 month low of $56.85 and a 12 month high of $95.22. The stock has a market capitalization of $42.97 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 3.18 and a beta of 0.65.

Public Service Enterprise Group (NYSE:PEGGet Free Report) last announced its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. On average, equities analysts expect that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current year.

Public Service Enterprise Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.78%. The ex-dividend date was Tuesday, December 10th. Public Service Enterprise Group’s dividend payout ratio is currently 58.97%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PEG. Rothschild Investment LLC bought a new stake in Public Service Enterprise Group during the second quarter worth approximately $58,000. Financial Counselors Inc. raised its stake in shares of Public Service Enterprise Group by 17.3% in the 2nd quarter. Financial Counselors Inc. now owns 5,365 shares of the utilities provider’s stock worth $395,000 after buying an additional 793 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Public Service Enterprise Group by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 42,803 shares of the utilities provider’s stock worth $3,155,000 after acquiring an additional 200 shares during the period. Foundations Investment Advisors LLC raised its position in Public Service Enterprise Group by 3.7% in the second quarter. Foundations Investment Advisors LLC now owns 60,249 shares of the utilities provider’s stock worth $4,440,000 after acquiring an additional 2,147 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in Public Service Enterprise Group by 25,500.0% in the 2nd quarter. Larson Financial Group LLC now owns 1,280 shares of the utilities provider’s stock valued at $94,000 after acquiring an additional 1,275 shares during the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on PEG. BMO Capital Markets boosted their target price on shares of Public Service Enterprise Group from $86.00 to $89.00 and gave the stock a “market perform” rating in a research report on Monday, October 21st. Wells Fargo & Company upped their price objective on shares of Public Service Enterprise Group from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Evercore ISI lifted their target price on Public Service Enterprise Group from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Barclays reduced their price target on Public Service Enterprise Group from $98.00 to $88.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Finally, Jefferies Financial Group assumed coverage on Public Service Enterprise Group in a report on Friday, September 13th. They set a “hold” rating and a $85.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $89.17.

View Our Latest Stock Report on PEG

Public Service Enterprise Group Company Profile

(Get Free Report)

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.

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Insider Buying and Selling by Quarter for Public Service Enterprise Group (NYSE:PEG)

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