Traders purchased shares of Public Service Enterprise Group Incorporated (NYSE:PEG) on weakness during trading hours on Thursday after an insider sold shares in the company. $56.13 million flowed into the stock on the tick-up and $14.05 million flowed out of the stock on the tick-down, for a money net flow of $42.08 million into the stock. Of all stocks tracked, Public Service Enterprise Group had the 21st highest net in-flow for the day. Public Service Enterprise Group traded down ($0.17) for the day and closed at $51.43Specifically, Chairman Ralph Izzo sold 20,833 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $46.50, for a total transaction of $968,734.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Derek M. Dirisio sold 2,185 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $51.50, for a total transaction of $112,527.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 243,118 shares of company stock valued at $11,942,975. 0.61% of the stock is currently owned by company insiders.

A number of research analysts have issued reports on the stock. Morgan Stanley upped their price target 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. Citigroup Inc. restated a “neutral” rating and set a $49.00 price target (up previously from $44.00) on shares of Public Service Enterprise Group in a research note on Thursday, August 10th. Zacks Investment Research upgraded shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Tuesday, August 1st. Mizuho upgraded shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $44.50 to $50.00 in a research note on Friday, August 11th. Finally, Barclays PLC upgraded shares of Public Service Enterprise Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $49.00 to $51.00 in a research note on Friday, September 22nd. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Public Service Enterprise Group presently has an average rating of “Buy” and an average target price of $50.42.

The firm has a market cap of $26,025.57, a price-to-earnings ratio of 17.73, a P/E/G ratio of 6.43 and a beta of 0.39. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 0.86.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.02). The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Public Service Enterprise Group had a net margin of 5.73% and a return on equity of 11.33%. The firm’s revenue was down 7.6% on a year-over-year basis. During the same period last year, the company earned $0.88 earnings per share. equities analysts expect that Public Service Enterprise Group Incorporated will post 2.92 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Thursday, December 7th. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently 166.99%.

Hedge funds have recently added to or reduced their stakes in the company. Grove Bank & Trust boosted its holdings in shares of Public Service Enterprise Group by 209.4% in the 3rd quarter. Grove Bank & Trust now owns 2,274 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 1,539 shares during the last quarter. Hudock Capital Group LLC boosted its holdings in shares of Public Service Enterprise Group by 38.8% in the 2nd quarter. Hudock Capital Group LLC now owns 2,629 shares of the utilities provider’s stock valued at $113,000 after acquiring an additional 735 shares during the last quarter. Vantage Investment Advisors LLC boosted its holdings in shares of Public Service Enterprise Group by 35.3% in the 2nd quarter. Vantage Investment Advisors LLC now owns 2,685 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 700 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Public Service Enterprise Group by 6.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,772 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 157 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its holdings in shares of Public Service Enterprise Group by 45.9% in the 2nd quarter. IHT Wealth Management LLC now owns 642 shares of the utilities provider’s stock valued at $131,000 after acquiring an additional 202 shares during the last quarter. 66.33% of the stock is currently owned by institutional investors and hedge funds.

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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.

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