Andra AP fonden Raises Position in Public Service Enterprise Group Incorporated (NYSE:PEG)

Andra AP fonden raised its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 227,400 shares of the utilities provider's stock after acquiring an additional 5,200 shares during the quarter. Andra AP fonden's holdings in Public Service Enterprise Group were worth $19,213,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PEG. Ashton Thomas Securities LLC acquired a new stake in Public Service Enterprise Group in the third quarter valued at $35,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Public Service Enterprise Group in the 4th quarter valued at about $35,000. Stonebridge Financial Group LLC acquired a new stake in shares of Public Service Enterprise Group in the fourth quarter valued at about $54,000. Financial Life Planners bought a new position in shares of Public Service Enterprise Group during the fourth quarter worth about $56,000. Finally, Brown Lisle Cummings Inc. acquired a new position in shares of Public Service Enterprise Group in the fourth quarter worth approximately $57,000. Institutional investors own 73.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PEG shares. 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 report on Wednesday, February 26th. Bank of America lowered their target price on shares of Public Service Enterprise Group from $95.00 to $92.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. BMO Capital Markets upped their price target on shares of Public Service Enterprise Group from $85.00 to $86.00 and gave the company a "market perform" rating in a research report on Wednesday, February 26th. Barclays lowered Public Service Enterprise Group from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $88.00 to $84.00 in a research report on Monday, January 27th. Finally, Guggenheim reissued a "buy" rating and issued a $98.00 price objective on shares of Public Service Enterprise Group in a research note on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $89.83.

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Insider Activity

In other news, CEO Ralph A. Larossa sold 1,378 shares of the business'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 sale, the chief executive officer now owns 144,212 shares of the company's stock, valued at $12,245,040.92. The trade was a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.57% of the company's stock.

Public Service Enterprise Group Stock Up 1.1 %

Shares of Public Service Enterprise Group stock traded up $0.90 during trading hours on Friday, reaching $79.10. The company's stock had a trading volume of 4,391,970 shares, compared to its average volume of 2,671,094. Public Service Enterprise Group Incorporated has a one year low of $63.31 and a one year high of $95.22. The company has a market capitalization of $39.44 billion, a P/E ratio of 19.43, a P/E/G ratio of 2.78 and a beta of 0.60. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.48 and a current ratio of 0.68. The stock's fifty day simple moving average is $84.27 and its two-hundred day simple moving average is $86.03.

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

Public Service Enterprise Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $0.63 dividend. This is an increase from Public Service Enterprise Group's previous quarterly dividend of $0.60. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Monday, March 10th. Public Service Enterprise Group's payout ratio is 71.19%.

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.