Public Service Enterprise Group Incorporated (NYSE:PEG) Stock Holdings Lifted by Czech National Bank

Czech National Bank boosted its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 6.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 101,480 shares of the utilities provider’s stock after purchasing an additional 6,567 shares during the period. Czech National Bank’s holdings in Public Service Enterprise Group were worth $9,053,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PEG. KBC Group NV grew its position in Public Service Enterprise Group by 13.7% during the 4th quarter. KBC Group NV now owns 37,433 shares of the utilities provider’s stock worth $2,289,000 after purchasing an additional 4,501 shares in the last quarter. Jones Financial Companies Lllp grew its position in Public Service Enterprise Group by 161.8% during the 4th quarter. Jones Financial Companies Lllp now owns 987 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 610 shares in the last quarter. Rafferty Asset Management LLC grew its position in Public Service Enterprise Group by 9.3% during the 4th quarter. Rafferty Asset Management LLC now owns 55,599 shares of the utilities provider’s stock worth $3,400,000 after purchasing an additional 4,728 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Public Service Enterprise Group by 6.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 42,476 shares of the utilities provider’s stock valued at $2,597,000 after acquiring an additional 2,567 shares in the last quarter. Finally, Lake Street Advisors Group LLC purchased a new position in shares of Public Service Enterprise Group during the 4th quarter valued at $231,000. 73.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PEG has been the topic of several research analyst reports. Barclays boosted their price target on shares of Public Service Enterprise Group from $71.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Scotiabank boosted their price target on shares of Public Service Enterprise Group from $62.00 to $73.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Morgan Stanley boosted their price target on shares of Public Service Enterprise Group from $83.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Bank of America boosted their price target on shares of Public Service Enterprise Group from $84.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, UBS Group boosted their price target on shares of Public Service Enterprise Group from $87.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.46.

Public Service Enterprise Group Stock Performance

Public Service Enterprise Group stock traded up $0.42 on Friday, reaching $92.02. 1,904,883 shares of the stock were exchanged, compared to its average volume of 2,816,213. The stock has a market cap of $45.83 billion, a PE ratio of 25.49, a PEG ratio of 3.22 and a beta of 0.61. The company has a current ratio of 0.65, a quick ratio of 0.46 and a debt-to-equity ratio of 1.16. Public Service Enterprise Group Incorporated has a twelve month low of $55.07 and a twelve month high of $92.20. The firm has a fifty day moving average price of $82.58 and a two-hundred day moving average price of $75.28.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings data on Tuesday, July 30th. The utilities provider reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.03 billion. Public Service Enterprise Group had a net margin of 16.12% and a return on equity of 10.72%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 EPS. Sell-side analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current year.

Public Service Enterprise Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 9th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend was Monday, September 9th. Public Service Enterprise Group’s dividend payout ratio is currently 66.48%.

Insider Activity

In related news, CEO Ralph A. Larossa sold 1,378 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $80.69, for a total value of $111,190.82. Following the completion of the transaction, the chief executive officer now owns 148,892 shares of the company’s stock, valued at $12,014,095.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Ralph A. Larossa sold 1,378 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $80.69, for a total value of $111,190.82. Following the completion of the transaction, the chief executive officer now owns 148,892 shares of the company’s stock, valued at $12,014,095.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Tamara Louise Linde sold 9,563 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $79.54, for a total transaction of $760,641.02. Following the completion of the transaction, the executive vice president now directly owns 57,961 shares of the company’s stock, valued at $4,610,217.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,446 shares of company stock valued at $2,531,260. Insiders own 0.57% of the company’s stock.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.