23,788 Shares in Public Service Enterprise Group Incorporated (NYSE:PEG) Purchased by Entropy Technologies LP

Entropy Technologies LP acquired a new position in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 23,788 shares of the utilities provider's stock, valued at approximately $2,010,000.

Other large investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in Public Service Enterprise Group in the third quarter worth approximately $35,000. Northwest Investment Counselors LLC bought a new position in Public Service Enterprise Group in the third quarter worth approximately $48,000. Financial Life Planners bought a new position in Public Service Enterprise Group in the fourth quarter worth approximately $56,000. Legacy Investment Solutions LLC purchased a new position in Public Service Enterprise Group in the third quarter worth $59,000. Finally, Brown Lisle Cummings Inc. purchased a new position in Public Service Enterprise Group in the fourth quarter worth $57,000. Institutional investors own 73.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Public Service Enterprise Group from $85.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. UBS Group lifted their price target on shares of Public Service Enterprise Group from $94.00 to $98.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Barclays lowered shares of Public Service Enterprise Group from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $88.00 to $84.00 in a report on Monday, January 27th. Scotiabank boosted their price objective on shares of Public Service Enterprise Group from $73.00 to $86.00 and gave the company a "sector perform" rating in a report on Thursday, December 12th. Finally, BMO Capital Markets boosted their price objective on shares of Public Service Enterprise Group from $86.00 to $89.00 and gave the company a "market perform" rating in a report on Monday, October 21st. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $88.83.

Insider Buying and Selling at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,378 shares of the company's stock in a transaction 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 directly owns 144,212 shares of the company's stock, valued at approximately $12,245,040.92. This represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Kim C. Hanemann sold 956 shares of the company's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $90.09, for a total transaction of $86,126.04. Following the completion of the transaction, the chief operating officer now owns 70,011 shares of the company's stock, valued at approximately $6,307,290.99. This trade represents a 1.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,712 shares of company stock valued at $317,644. 0.57% of the stock is owned by insiders.

Public Service Enterprise Group Stock Performance

NYSE:PEG traded up $0.13 during mid-day trading on Thursday, hitting $83.93. The company's stock had a trading volume of 2,132,577 shares, compared to its average volume of 2,189,541. Public Service Enterprise Group Incorporated has a 1 year low of $58.45 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 stock has a market cap of $41.81 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.77 and a beta of 0.64. The business's fifty day moving average is $85.46 and its two-hundred day moving average is $85.65.

Public Service Enterprise Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 3.00%. This is a positive change from Public Service Enterprise Group's previous quarterly dividend of $0.60. The ex-dividend date is Monday, March 10th. Public Service Enterprise Group's dividend payout ratio is presently 61.92%.

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.