Trust Co. of Vermont Sells 1,065 Shares of Public Service Enterprise Group Incorporated (NYSE:PEG)

Trust Co. of Vermont cut its position in Public Service Enterprise Group Incorporated (NYSE:PEG) by 13.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,933 shares of the utilities provider’s stock after selling 1,065 shares during the period. Trust Co. of Vermont’s holdings in Public Service Enterprise Group were worth $618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nomura Holdings Inc. bought a new stake in Public Service Enterprise Group during the fourth quarter valued at about $615,000. First Hawaiian Bank raised its stake in Public Service Enterprise Group by 21.1% during the 1st quarter. First Hawaiian Bank now owns 6,373 shares of the utilities provider’s stock valued at $426,000 after purchasing an additional 1,110 shares during the period. Mather Group LLC. purchased a new position in Public Service Enterprise Group in the 1st quarter worth approximately $129,000. Czech National Bank boosted its stake in Public Service Enterprise Group by 0.5% in the 1st quarter. Czech National Bank now owns 87,678 shares of the utilities provider’s stock worth $5,855,000 after purchasing an additional 401 shares during the period. Finally, Park Avenue Securities LLC grew its holdings in Public Service Enterprise Group by 5.4% during the 1st quarter. Park Avenue Securities LLC now owns 26,733 shares of the utilities provider’s stock valued at $1,785,000 after buying an additional 1,378 shares in the last quarter. 73.34% of the stock is currently owned by institutional investors.

Public Service Enterprise Group Trading Up 0.1 %

PEG stock opened at $89.76 on Friday. Public Service Enterprise Group Incorporated has a twelve month low of $56.85 and a twelve month high of $92.20. The stock has a market capitalization of $44.71 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 2.69 and a beta of 0.61. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.16. The firm’s fifty day simple moving average is $84.72 and its two-hundred day simple moving average is $76.95.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings results on Tuesday, July 30th. The utilities provider reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.03 billion. Public Service Enterprise Group had a net margin of 16.12% and a return on equity of 10.72%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.70 earnings per share. As a group, analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PEG. LADENBURG THALM/SH SH upgraded shares of Public Service Enterprise Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. UBS Group raised their price objective on Public Service Enterprise Group from $87.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Scotiabank boosted their target price on Public Service Enterprise Group from $62.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. BMO Capital Markets raised their price target on Public Service Enterprise Group from $78.00 to $86.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. Finally, Evercore ISI upped their price objective on Public Service Enterprise Group from $92.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.92.

Insider Buying and Selling

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,378 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $80.69, for a total value of $111,190.82. Following the transaction, the chief executive officer now owns 148,892 shares of the company’s stock, valued at $12,014,095.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Public Service Enterprise Group news, EVP Tamara Louise Linde sold 9,563 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $79.54, for a total value of $760,641.02. Following the completion of the sale, the executive vice president now directly owns 57,961 shares of the company’s stock, valued at $4,610,217.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ralph A. Larossa sold 1,378 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $80.69, for a total transaction of $111,190.82. Following the completion of the transaction, the chief executive officer now owns 148,892 shares in the company, valued at $12,014,095.48. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,010 shares of company stock valued at $3,397,855. Insiders own 0.18% of the company’s stock.

Public Service Enterprise Group Profile

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.