Public Service Enterprise Group Incorporated (NYSE:PEG) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC reduced its position in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 98.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,257 shares of the utilities provider's stock after selling 400,681 shares during the quarter. International Assets Investment Management LLC's holdings in Public Service Enterprise Group were worth $362,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in shares of Public Service Enterprise Group during the third quarter worth $35,000. Northwest Investment Counselors LLC purchased a new position in shares of Public Service Enterprise Group during the 3rd quarter valued at about $48,000. Legacy Investment Solutions LLC acquired a new position in shares of Public Service Enterprise Group in the 3rd quarter valued at about $59,000. Kimelman & Baird LLC purchased a new stake in shares of Public Service Enterprise Group in the second quarter worth about $66,000. Finally, Fortitude Family Office LLC grew its holdings in Public Service Enterprise Group by 325.0% during the third quarter. Fortitude Family Office LLC now owns 799 shares of the utilities provider's stock worth $71,000 after acquiring an additional 611 shares during the period. 73.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Public Service Enterprise Group

In related news, CEO Ralph A. Larossa sold 1,378 shares of Public Service Enterprise Group 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 completion of the transaction, the chief executive officer now owns 144,212 shares in the company, valued at approximately $12,245,040.92. The trade was a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Richard T. Thigpen sold 5,900 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $87.95, for a total transaction of $518,905.00. Following the completion of the transaction, the senior vice president now directly owns 25,829 shares of the company's stock, valued at $2,271,660.55. This represents a 18.59 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,234 shares of company stock worth $722,037. 0.57% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on PEG. Evercore ISI upped their price objective on Public Service Enterprise Group from $92.00 to $95.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. Barclays lowered their price target on shares of Public Service Enterprise Group from $98.00 to $88.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. Morgan Stanley lifted their price objective on shares of Public Service Enterprise Group from $83.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, September 23rd. Guggenheim reissued a "buy" rating on shares of Public Service Enterprise Group in a research note on Wednesday, December 11th. Finally, BMO Capital Markets lifted their price target on Public Service Enterprise Group from $86.00 to $89.00 and gave the company a "market perform" rating in a research note on Monday, October 21st. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $89.17.

Public Service Enterprise Group Trading Down 1.2 %

PEG traded down $1.00 during trading hours on Friday, reaching $84.28. The company's stock had a trading volume of 2,524,879 shares, compared to its average volume of 2,036,363. The stock has a market cap of $41.99 billion, a PE ratio of 20.71, a P/E/G ratio of 3.18 and a beta of 0.65. Public Service Enterprise Group Incorporated has a fifty-two week low of $56.85 and a fifty-two week 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 business's 50-day moving average is $87.44 and its 200-day moving average is $84.05.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.44 billion. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The company's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. As a group, equities research analysts predict that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.85%. 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 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.