Public Service Enterprise Group Inc. (NYSE:PEG) COO Ralph A. Larossa sold 1,650 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $60.82, for a total transaction of $100,353.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

PEG traded down $0.45 during trading on Friday, hitting $60.42. The stock had a trading volume of 1,038,691 shares, compared to its average volume of 1,908,997. The firm has a market cap of $30.70 billion, a PE ratio of 19.37, a P/E/G ratio of 8.37 and a beta of 0.29. Public Service Enterprise Group Inc. has a 12 month low of $49.22 and a 12 month high of $61.63. The company has a current ratio of 0.79, a quick ratio of 0.59 and a debt-to-equity ratio of 0.99. The company has a 50 day simple moving average of $58.80 and a 200-day simple moving average of $59.26.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings results on Tuesday, July 30th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.04). The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.23 billion. Public Service Enterprise Group had a return on equity of 11.02% and a net margin of 14.41%. During the same quarter in the prior year, the business earned $0.64 earnings per share. As a group, sell-side analysts anticipate that Public Service Enterprise Group Inc. will post 3.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 9th will be given a $0.47 dividend. The ex-dividend date is Friday, September 6th. This represents a $1.88 annualized dividend and a yield of 3.11%. Public Service Enterprise Group’s dividend payout ratio is 60.26%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Zions Bancorporation N.A. acquired a new stake in Public Service Enterprise Group in the 1st quarter worth $25,000. Berman Capital Advisors LLC boosted its position in shares of Public Service Enterprise Group by 79.0% during the 2nd quarter. Berman Capital Advisors LLC now owns 460 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 203 shares in the last quarter. Stonebridge Capital Advisors LLC acquired a new stake in shares of Public Service Enterprise Group during the 2nd quarter valued at about $29,000. Thor Advisors LLC acquired a new stake in shares of Public Service Enterprise Group during the 1st quarter valued at about $45,000. Finally, Executive Wealth Management LLC boosted its position in shares of Public Service Enterprise Group by 137.4% during the 2nd quarter. Executive Wealth Management LLC now owns 781 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 452 shares in the last quarter. Institutional investors own 68.74% of the company’s stock.

PEG has been the topic of a number of recent research reports. KeyCorp initiated coverage on shares of Public Service Enterprise Group in a report on Tuesday, June 4th. They set a “sector weight” rating and a $59.40 price target on the stock. Mizuho lifted their target price on shares of Public Service Enterprise Group from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley lifted their target price on shares of Public Service Enterprise Group from $67.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, June 14th. ValuEngine downgraded shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, UBS Group lifted their target price on shares of Public Service Enterprise Group from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Friday. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $62.61.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid- Atlantic United States. It operates through two segments, PSE&G and Power. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs to customers.

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Insider Buying and Selling by Quarter for Public Service Enterprise Group (NYSE:PEG)

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