Nationwide Fund Advisors lifted its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 199,956 shares of the utilities provider’s stock after buying an additional 11,940 shares during the period. Nationwide Fund Advisors’ holdings in Public Service Enterprise Group were worth $9,248,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Premier Asset Management LLC raised its holdings in shares of Public Service Enterprise Group by 0.6% in the 2nd quarter. Premier Asset Management LLC now owns 5,356 shares of the utilities provider’s stock valued at $230,000 after purchasing an additional 31 shares during the period. Wsfs Capital Management LLC raised its holdings in shares of Public Service Enterprise Group by 0.5% in the 2nd quarter. Wsfs Capital Management LLC now owns 9,123 shares of the utilities provider’s stock valued at $392,000 after purchasing an additional 44 shares during the period. FCG Advisors LLC raised its holdings in shares of Public Service Enterprise Group by 0.4% in the 2nd quarter. FCG Advisors LLC now owns 12,005 shares of the utilities provider’s stock valued at $516,000 after purchasing an additional 52 shares during the period. BRYN MAWR TRUST Co raised its holdings in shares of Public Service Enterprise Group by 1.2% in the 2nd quarter. BRYN MAWR TRUST Co now owns 5,961 shares of the utilities provider’s stock valued at $256,000 after purchasing an additional 73 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of Public Service Enterprise Group by 6.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,772 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 157 shares during the period. Institutional investors own 66.77% of the company’s stock.

In other news, Chairman Ralph Izzo sold 20,833 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $52.90, for a total transaction of $1,102,065.70. Following the transaction, the chairman now directly owns 687,600 shares of the company’s stock, valued at $36,374,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Ralph A. Larossa sold 33,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $4,071,798.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 263,951 shares of company stock worth $13,045,041. Insiders own 0.61% of the company’s stock.

A number of equities research analysts have recently issued reports on PEG shares. Morgan Stanley upped their target price on shares of Public Service Enterprise Group from $51.00 to $53.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Zacks Investment Research raised shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Tuesday, October 10th. Bank of America started coverage on shares of Public Service Enterprise Group in a report on Tuesday, October 24th. They issued a “neutral” rating and a $49.00 target price on the stock. Argus upped their target price on shares of Public Service Enterprise Group from $51.00 to $56.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Wells Fargo & Company raised shares of Public Service Enterprise Group from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 1st. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $50.42.

Public Service Enterprise Group Incorporated (PEG) traded down $0.35 during trading on Friday, reaching $51.98. 4,744,100 shares of the company’s stock traded hands, compared to its average volume of 2,818,760. The company has a market cap of $26,698.61, a PE ratio of 18.19, a P/E/G ratio of 6.59 and a beta of 0.41. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.56 and a current ratio of 0.80. Public Service Enterprise Group Incorporated has a 52-week low of $41.14 and a 52-week high of $53.28.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be issued a $0.43 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.72 annualized dividend and a yield of 3.31%. Public Service Enterprise Group’s dividend payout ratio is currently 166.99%.

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Public Service Enterprise Group 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.

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

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