4,905 Shares in Public Service Enterprise Group Incorporated (NYSE:PEG) Purchased by GWN Securities Inc.

GWN Securities Inc. acquired a new position in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 4,905 shares of the utilities provider's stock, valued at approximately $432,000.

Other hedge funds have also recently made changes to their positions in the company. KBC Group NV increased its position in shares of Public Service Enterprise Group by 162.3% during the third quarter. KBC Group NV now owns 102,735 shares of the utilities provider's stock valued at $9,165,000 after buying an additional 63,565 shares during the period. OneDigital Investment Advisors LLC boosted its position in Public Service Enterprise Group by 2.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 19,382 shares of the utilities provider's stock valued at $1,729,000 after acquiring an additional 390 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Public Service Enterprise Group by 84.6% during the 3rd quarter. CIBC Asset Management Inc now owns 147,246 shares of the utilities provider's stock worth $13,136,000 after acquiring an additional 67,487 shares during the period. Empowered Funds LLC raised its position in shares of Public Service Enterprise Group by 7.7% in the 3rd quarter. Empowered Funds LLC now owns 8,362 shares of the utilities provider's stock worth $746,000 after acquiring an additional 597 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in shares of Public Service Enterprise Group by 5.2% in the 3rd quarter. Mutual of America Capital Management LLC now owns 125,618 shares of the utilities provider's stock valued at $11,206,000 after purchasing an additional 6,193 shares during the period. 73.34% of the stock is owned by hedge funds and other institutional investors.

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Public Service Enterprise Group Stock Performance

PEG traded up $0.19 during midday trading on Thursday, hitting $83.32. 3,080,905 shares of the company traded hands, compared to its average volume of 2,784,023. The company's 50-day moving average is $83.57 and its 200 day moving average is $86.02. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $41.54 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 2.78 and a beta of 0.60. Public Service Enterprise Group Incorporated has a 52 week low of $63.68 and a 52 week high of $95.22.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its earnings results on Tuesday, February 25th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.01. The company had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.03 billion. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The firm's quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the company posted $0.54 earnings per share. On average, research analysts expect that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current year.

Public Service Enterprise Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Monday, March 10th. This is a boost from Public Service Enterprise Group's previous quarterly dividend of $0.60. Public Service Enterprise Group's dividend payout ratio is 71.19%.

Insider Buying and Selling at Public Service Enterprise Group

In related news, CEO Ralph A. Larossa sold 1,378 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $84.91, for a total value of $117,005.98. Following the transaction, the chief executive officer now owns 144,212 shares of the company's stock, valued at approximately $12,245,040.92. This trade represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.57% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. LADENBURG THALM/SH SH cut Public Service Enterprise Group from a "buy" rating to a "neutral" rating and set a $82.50 price target on the stock. in a research note on Wednesday. Wells Fargo & Company lowered their price target on shares of Public Service Enterprise Group from $100.00 to $95.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. BMO Capital Markets upped their price objective on shares of Public Service Enterprise Group from $85.00 to $86.00 and gave the stock a "market perform" rating in a report on Wednesday, February 26th. StockNews.com raised Public Service Enterprise Group from a "sell" rating to a "hold" rating in a research report on Friday, March 14th. Finally, Guggenheim restated a "buy" rating and issued a $98.00 price target on shares of Public Service Enterprise Group in a research note on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $89.65.

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.