Public Service Enterprise Group Incorporated (NYSE:PEG) Chairman Ralph Izzo sold 20,833 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $46.50, for a total value of $968,734.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Ralph Izzo also recently made the following trade(s):

  • On Tuesday, August 1st, Ralph Izzo sold 23,400 shares of Public Service Enterprise Group stock. The stock was sold at an average price of $45.23, for a total value of $1,058,382.00.

Public Service Enterprise Group Incorporated (PEG) traded up 0.4878% during trading on Thursday, hitting $47.2192. The company had a trading volume of 1,309,675 shares. The stock has a market capitalization of $23.89 billion, a PE ratio of 53.0553 and a beta of 0.38. The stock has a 50-day moving average of $46.41 and a 200-day moving average of $44.77. 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 posted its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Public Service Enterprise Group had a return on equity of 11.46% and a net margin of 4.88%. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter last year, the company posted $0.57 earnings per share. On average, equities analysts anticipate that Public Service Enterprise Group Incorporated will post $2.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Thursday, September 7th. Public Service Enterprise Group’s payout ratio is currently 193.26%.

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A number of institutional investors have recently bought and sold shares of the stock. First National Bank of Mount Dora Trust Investment Services grew its holdings in Public Service Enterprise Group by 8.3% during the third quarter. First National Bank of Mount Dora Trust Investment Services now owns 96,377 shares of the utilities provider’s stock worth $4,458,000 after purchasing an additional 7,350 shares during the period. Eqis Capital Management Inc. grew its holdings in Public Service Enterprise Group by 65.3% during the third quarter. Eqis Capital Management Inc. now owns 18,829 shares of the utilities provider’s stock worth $871,000 after purchasing an additional 7,441 shares during the period. Intl Fcstone Inc. bought a new position in Public Service Enterprise Group during the second quarter worth about $297,000. Griffin Asset Management Inc. bought a new position in Public Service Enterprise Group during the second quarter worth about $1,290,000. Finally, Lord Abbett & CO. LLC grew its holdings in Public Service Enterprise Group by 1.5% during the second quarter. Lord Abbett & CO. LLC now owns 299,300 shares of the utilities provider’s stock worth $12,873,000 after purchasing an additional 4,500 shares during the period. Institutional investors and hedge funds own 65.88% of the company’s stock.

A number of brokerages have weighed in on PEG. Morgan Stanley boosted their price target on Public Service Enterprise Group from $50.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $49.00 price target (up previously from $44.00) on shares of Public Service Enterprise Group in a research report on Thursday, August 10th. Zacks Investment Research raised Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Tuesday, August 1st. Mizuho raised Public Service Enterprise Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $44.50 to $50.00 in a research report on Friday, August 11th. Finally, Barclays PLC raised Public Service Enterprise Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $49.00 to $51.00 in a research report on Friday, September 22nd. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $49.13.

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.

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

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