Public Service Enterprise Group Incorporated (NYSE:PEG) Position Increased by Choreo LLC

Choreo LLC increased its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 71.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,643 shares of the utilities provider's stock after purchasing an additional 17,352 shares during the period. Choreo LLC's holdings in Public Service Enterprise Group were worth $3,535,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PEG. Ashton Thomas Securities LLC acquired a new position in shares of Public Service Enterprise Group during the 3rd quarter valued at about $35,000. Northwest Investment Counselors LLC purchased a new stake in Public Service Enterprise Group in the third quarter valued at approximately $48,000. Financial Life Planners acquired a new position in Public Service Enterprise Group during the fourth quarter worth approximately $56,000. Legacy Investment Solutions LLC purchased a new position in Public Service Enterprise Group during the third quarter worth approximately $59,000. Finally, Brown Lisle Cummings Inc. acquired a new position in shares of Public Service Enterprise Group in the 4th quarter valued at $57,000. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Public Service Enterprise Group

In other news, COO Kim C. Hanemann sold 956 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $90.09, for a total value of $86,126.04. Following the sale, the chief operating officer now owns 70,011 shares in the company, valued at approximately $6,307,290.99. This represents a 1.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Richard T. Thigpen sold 5,900 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $87.95, for a total transaction of $518,905.00. Following the transaction, the senior vice president now directly owns 25,829 shares in the company, valued at $2,271,660.55. The trade was a 18.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,612 shares of company stock valued at $836,549. Insiders own 0.57% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PEG. UBS Group increased their target price on Public Service Enterprise Group from $94.00 to $98.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their price objective on Public Service Enterprise Group from $85.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Guggenheim reiterated a "buy" rating on shares of Public Service Enterprise Group in a report on Wednesday, December 11th. Barclays downgraded shares of Public Service Enterprise Group from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $88.00 to $84.00 in a research report on Monday, January 27th. Finally, BMO Capital Markets lifted their price target on shares of Public Service Enterprise Group from $86.00 to $89.00 and gave the company a "market perform" rating in a research report on Monday, October 21st. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.83.

Public Service Enterprise Group Stock Down 0.4 %

Public Service Enterprise Group stock traded down $0.32 during midday trading on Friday, hitting $83.61. 1,544,159 shares of the stock were exchanged, compared to its average volume of 2,227,200. Public Service Enterprise Group Incorporated has a 1 year low of $57.40 and a 1 year high of $95.22. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.68 and a quick ratio of 0.48. The firm has a market cap of $41.66 billion, a P/E ratio of 20.54, a P/E/G ratio of 2.77 and a beta of 0.64. The company has a 50 day moving average price of $85.93 and a two-hundred day moving average price of $85.47.

Public Service Enterprise Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Tuesday, December 10th. Public Service Enterprise Group's dividend payout ratio (DPR) is 58.97%.

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.