NBT Bank N A NY continued to hold its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,807 shares of the utilities provider’s stock at the end of the second quarter. NBT Bank N A NY’s holdings in Public Service Enterprise Group were worth $293,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Parallel Advisors LLC boosted 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 valued at $114,000 after buying an additional 20 shares in the last quarter. Premier Asset Management LLC boosted its stake in shares of Public Service Enterprise Group by 0.6% in the second quarter. Premier Asset Management LLC now owns 5,356 shares of the utilities provider’s stock valued at $230,000 after buying an additional 31 shares in the last quarter. Cutter & CO Brokerage Inc. boosted its stake in shares of Public Service Enterprise Group by 0.5% in the first quarter. Cutter & CO Brokerage Inc. now owns 8,304 shares of the utilities provider’s stock valued at $368,000 after buying an additional 38 shares in the last quarter. Advisor Partners LLC boosted its stake in shares of Public Service Enterprise Group by 0.5% in the second quarter. Advisor Partners LLC now owns 10,106 shares of the utilities provider’s stock valued at $435,000 after buying an additional 48 shares in the last quarter. Finally, Trustmark National Bank Trust Department boosted its stake in shares of Public Service Enterprise Group by 0.9% in the first quarter. Trustmark National Bank Trust Department now owns 6,176 shares of the utilities provider’s stock valued at $274,000 after buying an additional 57 shares in the last quarter. 65.96% of the stock is owned by institutional investors.

Public Service Enterprise Group Incorporated (PEG) opened at 46.83 on Thursday. The firm has a market cap of $23.69 billion, a price-to-earnings ratio of 52.62 and a beta of 0.38. The firm has a 50-day moving average of $44.92 and a 200-day moving average of $44.41. Public Service Enterprise Group Incorporated has a one year low of $39.28 and a one year high of $47.47.

Public Service Enterprise Group (NYSE:PEG) last issued its earnings results on Friday, July 28th. The utilities provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.05. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.33 billion. Public Service Enterprise Group had a net margin of 4.88% and a return on equity of 11.46%. During the same period in the previous year, the company earned $0.57 earnings per share. Analysts anticipate that Public Service Enterprise Group Incorporated will post $2.92 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.72 dividend on an annualized basis and a yield of 3.67%. Public Service Enterprise Group’s payout ratio is 193.26%.

TRADEMARK VIOLATION NOTICE: This piece was first posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://www.watchlistnews.com/nbt-bank-n-a-ny-has-293000-position-in-public-service-enterprise-group-incorporated-peg/1534095.html.

Several brokerages have recently issued reports on PEG. BidaskClub raised shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. 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 research note on Tuesday, July 4th. Wolfe Research raised shares of Public Service Enterprise Group from an “underperform” rating to a “market perform” rating in a research note on Monday, July 17th. Morgan Stanley boosted their price objective on shares of Public Service Enterprise Group from $50.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Finally, Citigroup Inc. restated a “neutral” rating and set a $49.00 target price (up previously from $44.00) on shares of Public Service Enterprise Group in a report on Thursday, August 10th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $48.21.

In related news, insider Derek M. Dirisio sold 1,500 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $47.11, for a total transaction of $70,665.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Ralph Izzo sold 30,000 shares of the business’s stock in a transaction on 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 transaction, the chairman now owns 748,121 shares in the company, valued at $32,042,022.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,900 shares of company stock worth $2,413,947. 0.61% of the stock is owned by corporate 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.

Want to see what other hedge funds are holding PEG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Public Service Enterprise Group Incorporated (NYSE:PEG).

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

Receive News & Ratings for Public Service Enterprise Group Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Service Enterprise Group Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.