Public Service Enterprise Group Incorporated (NYSE:PEG) Shares Acquired by Kepos Capital LP

Kepos Capital LP raised its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEGFree Report) by 22.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,031 shares of the utilities provider’s stock after acquiring an additional 730 shares during the period. Kepos Capital LP’s holdings in Public Service Enterprise Group were worth $229,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. IFP Advisors Inc raised its position in shares of Public Service Enterprise Group by 14.2% during the 2nd quarter. IFP Advisors Inc now owns 1,418 shares of the utilities provider’s stock worth $75,000 after purchasing an additional 176 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Public Service Enterprise Group by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 62,686 shares of the utilities provider’s stock worth $3,567,000 after buying an additional 177 shares during the period. Lido Advisors LLC raised its holdings in Public Service Enterprise Group by 4.1% during the third quarter. Lido Advisors LLC now owns 4,622 shares of the utilities provider’s stock valued at $263,000 after buying an additional 183 shares in the last quarter. Personal CFO Solutions LLC raised its holdings in Public Service Enterprise Group by 2.1% during the second quarter. Personal CFO Solutions LLC now owns 9,349 shares of the utilities provider’s stock valued at $585,000 after buying an additional 193 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its stake in Public Service Enterprise Group by 2.4% during the first quarter. Apollon Wealth Management LLC now owns 8,465 shares of the utilities provider’s stock valued at $529,000 after acquiring an additional 198 shares during the period. 72.28% of the stock is currently owned by institutional investors and hedge funds.

Public Service Enterprise Group Stock Performance

PEG traded up $1.12 during trading on Monday, hitting $63.36. The company’s stock had a trading volume of 3,143,360 shares, compared to its average volume of 2,771,756. The firm has a market cap of $31.59 billion, a PE ratio of 12.13, a P/E/G ratio of 3.43 and a beta of 0.57. Public Service Enterprise Group Incorporated has a one year low of $53.71 and a one year high of $65.46. The business’s 50 day simple moving average is $59.87 and its 200-day simple moving average is $60.67. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 1.15.

Public Service Enterprise Group (NYSE:PEGGet Free Report) last released its earnings results on Monday, February 26th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. Public Service Enterprise Group had a net margin of 22.81% and a return on equity of 11.53%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter last year, the business earned $0.64 EPS. The business’s revenue was down 17.0% on a year-over-year basis. As a group, sell-side analysts predict that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

Public Service Enterprise Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.79%. The ex-dividend date is Thursday, March 7th. This is an increase from Public Service Enterprise Group’s previous quarterly dividend of $0.57. Public Service Enterprise Group’s payout ratio is currently 44.44%.

Wall Street Analyst Weigh In

PEG has been the topic of several research reports. Barclays upped their price objective on Public Service Enterprise Group from $64.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. TheStreet cut shares of Public Service Enterprise Group from a “b-” rating to a “c+” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. upped their price objective on shares of Public Service Enterprise Group from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, December 1st. Morgan Stanley upped their target price on shares of Public Service Enterprise Group from $61.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 21st. Finally, Guggenheim downgraded shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $63.95.

Get Our Latest Stock Report on Public Service Enterprise Group

Public Service Enterprise Group Profile

(Free Report)

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in Mid-Atlantic United States. The company operates through PSE&G and PSEG 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.

Further Reading

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

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