MetLife Investment Advisors LLC bought a new position in Public Service Enterprise Group Inc. (NYSE:PEG) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 156,572 shares of the utilities provider’s stock, valued at approximately $8,063,000.

Several other institutional investors have also bought and sold shares of the company. HBK Sorce Advisory LLC increased its holdings in shares of Public Service Enterprise Group by 87.1% in the 4th quarter. HBK Sorce Advisory LLC now owns 9,635 shares of the utilities provider’s stock worth $496,000 after buying an additional 4,486 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in Public Service Enterprise Group by 5.6% during the 4th quarter. Glenmede Trust Co. NA now owns 125,088 shares of the utilities provider’s stock valued at $6,441,000 after purchasing an additional 6,583 shares during the last quarter. Macquarie Group Ltd. grew its holdings in Public Service Enterprise Group by 1.9% during the 4th quarter. Macquarie Group Ltd. now owns 553,702 shares of the utilities provider’s stock valued at $22,025,000 after purchasing an additional 10,158 shares during the last quarter. Vident Investment Advisory LLC grew its holdings in Public Service Enterprise Group by 16.2% during the 4th quarter. Vident Investment Advisory LLC now owns 12,498 shares of the utilities provider’s stock valued at $643,000 after purchasing an additional 1,746 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Public Service Enterprise Group during the 4th quarter valued at about $1,777,000. Hedge funds and other institutional investors own 68.33% of the company’s stock.

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In other news, CEO Ralph Izzo sold 20,833 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $51.00, for a total value of $1,062,483.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 62,499 shares of company stock valued at $3,137,658. 0.58% of the stock is owned by corporate insiders.

PEG has been the topic of several analyst reports. Guggenheim reiterated a “buy” rating and set a $58.00 price target on shares of Public Service Enterprise Group in a report on Wednesday, January 3rd. ValuEngine upgraded shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday, February 13th. Mizuho reiterated a “hold” rating and set a $47.00 price target on shares of Public Service Enterprise Group in a report on Friday, March 2nd. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $52.00 price target on shares of Public Service Enterprise Group in a report on Wednesday, March 14th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Public Service Enterprise Group currently has an average rating of “Buy” and an average price target of $51.23.

Shares of Public Service Enterprise Group stock opened at $48.39 on Thursday. The stock has a market cap of $24,723.38, a PE ratio of 16.72, a price-to-earnings-growth ratio of 4.00 and a beta of 0.46. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.59. Public Service Enterprise Group Inc. has a 52-week low of $41.67 and a 52-week high of $53.28.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings data on Friday, February 23rd. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Public Service Enterprise Group had a net margin of 17.33% and a return on equity of 11.25%. During the same period in the previous year, the company earned $0.54 EPS. equities research analysts anticipate that Public Service Enterprise Group Inc. will post 3.15 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 8th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.72%. This is a boost from Public Service Enterprise Group’s previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, March 7th. Public Service Enterprise Group’s payout ratio is 58.06%.

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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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Institutional Ownership by Quarter for Public Service Enterprise Group (NYSE:PEG)

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