Janus Henderson Group PLC Increases Position in Public Service Enterprise Group Incorporated (NYSE:PEG)

Janus Henderson Group PLC grew its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 12.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,082 shares of the utilities provider's stock after purchasing an additional 11,864 shares during the period. Janus Henderson Group PLC's holdings in Public Service Enterprise Group were worth $9,553,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PEG. Erste Asset Management GmbH purchased a new position in shares of Public Service Enterprise Group during the 3rd quarter worth approximately $8,693,000. Edgestream Partners L.P. bought a new stake in shares of Public Service Enterprise Group during the third quarter valued at approximately $372,000. Verition Fund Management LLC grew its stake in Public Service Enterprise Group by 179.5% in the third quarter. Verition Fund Management LLC now owns 706,884 shares of the utilities provider's stock worth $63,061,000 after purchasing an additional 453,985 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Public Service Enterprise Group by 5.4% in the third quarter. Rockefeller Capital Management L.P. now owns 195,564 shares of the utilities provider's stock worth $17,436,000 after purchasing an additional 9,989 shares in the last quarter. Finally, Vinva Investment Management Ltd purchased a new position in Public Service Enterprise Group during the third quarter valued at $528,000. 73.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Public Service Enterprise Group

In other news, SVP Richard T. Thigpen sold 5,900 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $87.95, for a total value of $518,905.00. Following the completion of the sale, the senior vice president now directly owns 25,829 shares in the company, valued at $2,271,660.55. This represents a 18.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Tamara Louise Linde sold 9,564 shares of Public Service Enterprise Group stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $90.61, for a total value of $866,594.04. Following the transaction, the executive vice president now owns 48,397 shares in the company, valued at $4,385,252.17. This trade represents a 16.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,798 shares of company stock valued at $1,595,921. 0.18% of the stock is owned by company insiders.

Public Service Enterprise Group Stock Performance

PEG traded down $2.11 during midday trading on Monday, hitting $87.89. 2,638,558 shares of the company traded hands, compared to its average volume of 2,749,938. The company's 50-day moving average is $89.63 and its 200 day moving average is $82.13. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $43.79 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 3.30 and a beta of 0.62. Public Service Enterprise Group Incorporated has a 52 week low of $56.85 and a 52 week high of $95.22.

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

Public Service Enterprise Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Tuesday, December 10th. Public Service Enterprise Group's dividend payout ratio (DPR) is presently 58.97%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Scotiabank upped their target price on shares of Public Service Enterprise Group from $62.00 to $73.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 20th. Wells Fargo & Company raised their target price on shares of Public Service Enterprise Group from $85.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. UBS Group upped their price target on Public Service Enterprise Group from $94.00 to $98.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Evercore ISI raised their price objective on Public Service Enterprise Group from $92.00 to $95.00 and gave the company an "outperform" rating in a research report on Tuesday, October 8th. Finally, Bank of America boosted their target price on Public Service Enterprise Group from $84.00 to $88.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Four equities 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 data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $88.08.

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.