Community Bank N.A. increased its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,618 shares of the utilities provider’s stock after buying an additional 2,432 shares during the period. Community Bank N.A.’s holdings in Public Service Enterprise Group were worth $4,241,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PEG. Bronfman E.L. Rothschild L.P. increased its stake in shares of Public Service Enterprise Group by 19.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,314 shares of the utilities provider’s stock worth $103,000 after buying an additional 381 shares during the period. Parallel Advisors LLC increased its stake in shares of Public Service Enterprise Group by 0.8% in the first quarter. Parallel Advisors LLC now owns 2,615 shares of the utilities provider’s stock worth $114,000 after buying an additional 20 shares during the period. Kistler Tiffany Companies LLC increased its stake in shares of Public Service Enterprise Group by 3.8% in the first quarter. Kistler Tiffany Companies LLC now owns 2,684 shares of the utilities provider’s stock worth $119,000 after buying an additional 99 shares during the period. YorkBridge Wealth Partners LLC increased its stake in shares of Public Service Enterprise Group by 21.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,065 shares of the utilities provider’s stock worth $134,000 after buying an additional 543 shares during the period. Finally, Gradient Investments LLC increased its stake in shares of Public Service Enterprise Group by 331.2% in the second quarter. Gradient Investments LLC now owns 3,234 shares of the utilities provider’s stock worth $139,000 after buying an additional 2,484 shares during the period. 66.32% of the stock is owned by hedge funds and other institutional investors.

Shares of Public Service Enterprise Group Incorporated (NYSE PEG) opened at 46.29 on Wednesday. The company’s 50 day moving average is $44.04 and its 200-day moving average is $44.23. The firm has a market cap of $23.42 billion, a PE ratio of 52.01 and a beta of 0.38. Public Service Enterprise Group Incorporated has a 12 month low of $39.28 and a 12 month high of $46.35.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.05. Public Service Enterprise Group had a net margin of 4.88% and a return on equity of 11.46%. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the prior year, the business posted $0.57 earnings per share. Equities research analysts predict that Public Service Enterprise Group Incorporated will post $2.92 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.72 annualized dividend and a yield of 3.72%. Public Service Enterprise Group’s dividend payout ratio is 193.26%.

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A number of equities analysts have recently commented on PEG shares. BidaskClub raised shares of Public Service Enterprise Group from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Zacks Investment Research raised shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Tuesday, July 4th. Barclays PLC raised their price objective on shares of Public Service Enterprise Group from $43.00 to $45.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Public Service Enterprise Group in a report on Tuesday, June 27th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Public Service Enterprise Group in a report on Wednesday, May 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $48.21.

In other news, COO Ralph A. Larossa sold 24,021 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $43.55, for a total value of $1,046,114.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Ralph Izzo sold 30,000 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $42.83, for a total transaction of $1,284,900.00. Following the completion of the transaction, the chairman now directly owns 748,121 shares of the company’s stock, valued at approximately $32,042,022.43. The disclosure for this sale can be found here. Insiders have sold 77,421 shares of company stock valued at $3,389,397 in the last ninety days. 0.61% of the stock is currently owned by company insiders.

Public Service Enterprise Group Company 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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