41,880 Shares in Public Service Enterprise Group Incorporated (NYSE:PEG) Purchased by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 41,880 shares of the utilities provider's stock, valued at approximately $3,538,000.

A number of other large investors also recently made changes to their positions in PEG. Pine Valley Investments Ltd Liability Co increased its stake in Public Service Enterprise Group by 8.5% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 8,527 shares of the utilities provider's stock valued at $761,000 after buying an additional 670 shares during the period. World Investment Advisors LLC acquired a new position in shares of Public Service Enterprise Group in the third quarter worth $4,403,000. Arvest Bank Trust Division purchased a new stake in shares of Public Service Enterprise Group during the third quarter worth $2,860,000. Wilmington Savings Fund Society FSB boosted its position in Public Service Enterprise Group by 30.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 10,189 shares of the utilities provider's stock valued at $909,000 after purchasing an additional 2,384 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in Public Service Enterprise Group by 26.9% in the third quarter. Tidal Investments LLC now owns 16,306 shares of the utilities provider's stock valued at $1,455,000 after purchasing an additional 3,461 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company's stock.

Insider Activity at Public Service Enterprise Group

In related news, CEO Ralph A. Larossa sold 1,378 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $82.88, for a total transaction of $114,208.64. Following the completion of the sale, the chief executive officer now directly owns 221,670 shares of the company's stock, valued at approximately $18,372,009.60. This represents a 0.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is owned by corporate insiders.

Public Service Enterprise Group Trading Up 0.4 %

Shares of PEG stock traded up $0.30 during trading hours on Friday, reaching $83.33. The company had a trading volume of 2,125,183 shares, compared to its average volume of 2,722,446. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.68 and a quick ratio of 0.48. Public Service Enterprise Group Incorporated has a 1-year low of $64.81 and a 1-year high of $95.22. The company has a 50 day moving average of $81.90 and a 200 day moving average of $85.60. The firm has a market cap of $41.55 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 2.78 and a beta of 0.52.

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 analysts' consensus estimates of $0.83 by $0.01. The firm had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.03 billion. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The company's revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 earnings per share. On average, equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a $0.63 dividend. This is a positive change from Public Service Enterprise Group's previous quarterly dividend of $0.60. The ex-dividend date was Monday, March 10th. This represents a $2.52 annualized dividend and a dividend yield of 3.02%. Public Service Enterprise Group's payout ratio is 71.19%.

Analyst Upgrades and Downgrades

PEG has been the subject of several recent research reports. Barclays lowered their price target on Public Service Enterprise Group from $84.00 to $83.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. LADENBURG THALM/SH SH downgraded shares of Public Service Enterprise Group from a "buy" rating to a "neutral" rating and set a $82.50 target price for the company. in a research report on Wednesday, March 19th. BMO Capital Markets cut their price target on shares of Public Service Enterprise Group from $86.00 to $83.00 and set a "market perform" rating on the stock in a report on Thursday, April 10th. Morgan Stanley upped their price objective on shares of Public Service Enterprise Group from $96.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Finally, Wells Fargo & Company cut their target price on Public Service Enterprise Group from $100.00 to $95.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $89.35.

About Public Service Enterprise Group

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.