Public Service Enterprise Group Inc. (NYSE:PEG) Chairman Ralph Izzo sold 52,407 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $55.39, for a total value of $2,902,823.73. Following the completion of the sale, the chairman now directly owns 515,233 shares of the company’s stock, valued at $28,538,755.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Thursday, November 1st, Ralph Izzo sold 52,406 shares of Public Service Enterprise Group stock. The stock was sold at an average price of $52.95, for a total value of $2,774,897.70.
  • On Monday, October 1st, Ralph Izzo sold 52,407 shares of Public Service Enterprise Group stock. The stock was sold at an average price of $52.57, for a total value of $2,755,035.99.

Shares of Public Service Enterprise Group stock traded up $0.24 during trading hours on Friday, reaching $55.49. The company had a trading volume of 90,185 shares, compared to its average volume of 3,103,653. Public Service Enterprise Group Inc. has a one year low of $46.19 and a one year high of $56.68. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.51. The firm has a market capitalization of $28.21 billion, a P/E ratio of 18.93, a PEG ratio of 2.68 and a beta of 0.31.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings results on Tuesday, October 30th. The utilities provider reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.04. Public Service Enterprise Group had a return on equity of 11.24% and a net margin of 23.54%. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the company earned $0.82 earnings per share. Sell-side analysts expect that Public Service Enterprise Group Inc. will post 3.1 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 7th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Thursday, December 6th. Public Service Enterprise Group’s payout ratio is currently 61.43%.

Institutional investors have recently bought and sold shares of the company. Belpointe Asset Management LLC bought a new position in shares of Public Service Enterprise Group in the third quarter worth $112,000. Psagot Investment House Ltd. purchased a new stake in Public Service Enterprise Group during the third quarter valued at about $129,000. Reilly Financial Advisors LLC raised its position in Public Service Enterprise Group by 49.2% during the third quarter. Reilly Financial Advisors LLC now owns 3,031 shares of the utilities provider’s stock valued at $160,000 after purchasing an additional 1,000 shares in the last quarter. Centaurus Financial Inc. purchased a new stake in Public Service Enterprise Group during the second quarter valued at about $161,000. Finally, Adviser Investments LLC raised its position in Public Service Enterprise Group by 98.8% during the second quarter. Adviser Investments LLC now owns 3,224 shares of the utilities provider’s stock valued at $175,000 after purchasing an additional 1,602 shares in the last quarter. 68.53% of the stock is owned by hedge funds and other institutional investors.

PEG has been the subject of a number of recent research reports. Wells Fargo & Co decreased their target price on Public Service Enterprise Group from $63.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, September 17th. Macquarie raised their target price on Public Service Enterprise Group from $55.50 to $57.00 and gave the stock an “outperform” rating in a research report on Monday, September 24th. Deutsche Bank decreased their target price on Public Service Enterprise Group from $58.00 to $57.00 and set a “hold” rating for the company in a research report on Wednesday, October 31st. ValuEngine raised Public Service Enterprise Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. Finally, Morgan Stanley set a $59.00 target price on Public Service Enterprise Group and gave the stock a “buy” rating in a research report on Thursday, October 11th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $56.46.

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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; and 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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