NewSquare Capital LLC raised its position in shares of Public Service Enterprise Group Inc. (NYSE:PEG) by 2,184.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,707 shares of the company’s stock after buying an additional 13,107 shares during the period. NewSquare Capital LLC’s holdings in Public Service Enterprise Group were worth $639,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Americafirst Capital Management LLC acquired a new stake in shares of Public Service Enterprise Group during the second quarter worth approximately $135,000. NEXT Financial Group Inc boosted its stake in shares of Public Service Enterprise Group by 2.9% in the second quarter. NEXT Financial Group Inc now owns 3,676 shares of the company’s stock worth $171,000 after buying an additional 105 shares during the last quarter. WASHINGTON TRUST Co acquired a new stake in shares of Public Service Enterprise Group during the first quarter worth approximately $202,000. Abner Herrman & Brock LLC acquired a new stake in shares of Public Service Enterprise Group during the second quarter worth approximately $211,000. Finally, QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in shares of Public Service Enterprise Group during the second quarter worth approximately $219,000. Institutional investors own 67.00% of the company’s stock.

Shares of Public Service Enterprise Group Inc. (NYSE:PEG) traded down 0.14% during trading on Tuesday, hitting $42.60. 2,074,586 shares of the stock were exchanged. Public Service Enterprise Group Inc. has a 52-week low of $36.80 and a 52-week high of $47.41. The firm has a 50 day moving average of $43.18 and a 200-day moving average of $44.93. The stock has a market cap of $21.55 billion, a PE ratio of 15.38 and a beta of 0.24.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Friday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.01. Public Service Enterprise Group had a net margin of 14.82% and a return on equity of 10.71%. During the same quarter in the prior year, the business earned $0.57 EPS. Equities research analysts anticipate that Public Service Enterprise Group Inc. will post $2.87 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be given a dividend of $0.41 per share. The ex-dividend date is Wednesday, September 7th. This represents a $1.64 annualized dividend and a yield of 3.85%. Public Service Enterprise Group’s dividend payout ratio (DPR) is 59.21%.

A number of analysts recently commented on the stock. Argus dropped their price target on shares of Public Service Enterprise Group from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday. Deutsche Bank AG restated a “hold” rating and set a $47.00 price target on shares of Public Service Enterprise Group in a research note on Wednesday, June 15th. Zacks Investment Research cut shares of Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Bank of America Corp. cut shares of Public Service Enterprise Group from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $46.00 to $41.00 in a research note on Tuesday, June 7th. Finally, Morgan Stanley upgraded shares of Public Service Enterprise Group from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $43.00 to $47.00 in a research note on Wednesday, July 13th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Public Service Enterprise Group has an average rating of “Hold” and a consensus target price of $46.38.

In related news, CEO Ralph Izzo sold 43,313 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $46.40, for a total transaction of $2,009,723.20. Following the completion of the sale, the chief executive officer now directly owns 717,755 shares in the company, valued at $33,303,832. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO William Levis sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $43.73, for a total transaction of $327,975.00. Following the sale, the chief operating officer now owns 156,671 shares of the company’s stock, valued at $6,851,222.83. The disclosure for this sale can be found here. Corporate insiders own 0.71% of the company’s stock.

About Public Service Enterprise Group

Public Service Enterprise Group Incorporated (PSEG) is an energy holding company with operations located in the Northeastern and Mid- Atlantic United States. The Company is engaged in the transmission and distribution of electricity and natural gas. The Company’s business consists of two segments, including Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (Power).

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