Investors purchased shares of Public Service Enterprise Group Incorporated (NYSE:PEG) on weakness during trading on Wednesday following insider selling activity. $56.13 million flowed into the stock on the tick-up and $14.05 million flowed out of the stock on the tick-down, for a money net flow of $42.08 million into the stock. Of all stocks tracked, Public Service Enterprise Group had the 21st highest net in-flow for the day. Public Service Enterprise Group traded down ($0.17) for the day and closed at $51.43Specifically, COO Ralph A. Larossa sold 33,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $50.12, for a total transaction of $1,653,960.00. Following the transaction, the chief operating officer now directly owns 81,241 shares of the company’s stock, valued at approximately $4,071,798.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Ralph Izzo sold 79,920 shares of Public Service Enterprise Group stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $48.83, for a total value of $3,902,493.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 243,118 shares of company stock worth $11,942,975. 0.61% of the stock is currently owned by insiders.

A number of equities analysts have commented on the company. Zacks Investment Research cut Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Wells Fargo & Co raised Public Service Enterprise Group from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 1st. Argus lifted their price target on Public Service Enterprise Group from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Bank of America Corporation assumed coverage on Public Service Enterprise Group in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $49.00 price target on the stock. Finally, J P Morgan Chase & Co lifted their price target on Public Service Enterprise Group from $49.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $50.42.

The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 0.86. The company has a market cap of $26,111.60, a P/E ratio of 17.79, a PEG ratio of 6.45 and a beta of 0.39.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Tuesday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.02). Public Service Enterprise Group had a net margin of 5.73% and a return on equity of 11.33%. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the firm posted $0.88 earnings per share. Public Service Enterprise Group’s quarterly revenue was down 7.6% on a year-over-year basis. research analysts forecast that Public Service Enterprise Group Incorporated will post 2.92 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.72 annualized dividend and a dividend yield of 3.34%. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 166.99%.

Institutional investors and hedge funds have recently bought and sold shares of the company. KBC Group NV increased its stake in shares of Public Service Enterprise Group by 1.2% during the second quarter. KBC Group NV now owns 54,191 shares of the utilities provider’s stock valued at $2,331,000 after buying an additional 617 shares during the period. Advisory Services Network LLC increased its stake in shares of Public Service Enterprise Group by 11.7% during the second quarter. Advisory Services Network LLC now owns 5,149 shares of the utilities provider’s stock valued at $221,000 after buying an additional 541 shares during the period. Rench Wealth Management Inc. increased its stake in shares of Public Service Enterprise Group by 1.1% during the second quarter. Rench Wealth Management Inc. now owns 43,151 shares of the utilities provider’s stock valued at $1,856,000 after buying an additional 470 shares during the period. People s United Financial Inc. increased its stake in shares of Public Service Enterprise Group by 174.1% during the second quarter. People s United Financial Inc. now owns 8,059 shares of the utilities provider’s stock valued at $347,000 after buying an additional 5,119 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Public Service Enterprise Group by 4.1% during the second quarter. Oppenheimer & Co. Inc. now owns 134,336 shares of the utilities provider’s stock valued at $5,778,000 after buying an additional 5,263 shares during the period. 66.33% of the stock is currently owned by hedge funds and other institutional investors.

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About Public Service Enterprise Group

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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