Mizuho Securities USA LLC Has $3.99 Million Position in Public Service Enterprise Group Incorporated (NYSE:PEG)

Mizuho Securities USA LLC grew its stake in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 46.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,220 shares of the utilities provider's stock after purchasing an additional 14,917 shares during the quarter. Mizuho Securities USA LLC's holdings in Public Service Enterprise Group were worth $3,990,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of PEG. Raymond James Financial Inc. bought a new position in Public Service Enterprise Group during the 4th quarter worth approximately $376,209,000. Jennison Associates LLC lifted its position in shares of Public Service Enterprise Group by 125.3% in the 4th quarter. Jennison Associates LLC now owns 3,384,803 shares of the utilities provider's stock worth $285,982,000 after buying an additional 1,882,667 shares during the last quarter. FMR LLC boosted its holdings in shares of Public Service Enterprise Group by 19.4% in the 3rd quarter. FMR LLC now owns 5,401,024 shares of the utilities provider's stock valued at $481,825,000 after buying an additional 877,345 shares during the period. National Bank of Canada FI grew its position in shares of Public Service Enterprise Group by 376.3% during the 3rd quarter. National Bank of Canada FI now owns 810,694 shares of the utilities provider's stock valued at $72,321,000 after buying an additional 640,485 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Public Service Enterprise Group by 103.6% in the fourth quarter. Van ECK Associates Corp now owns 950,556 shares of the utilities provider's stock worth $80,313,000 after acquiring an additional 483,795 shares during the last quarter. Institutional investors own 73.34% of the company's stock.

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Wall Street Analysts Forecast Growth

PEG has been the subject of several recent research reports. LADENBURG THALM/SH SH lowered Public Service Enterprise Group from a "buy" rating to a "neutral" rating and set a $82.50 target price for the company. in a report on Wednesday, March 19th. Wells Fargo & Company lowered their price objective on Public Service Enterprise Group from $100.00 to $95.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Bank of America cut their target price on Public Service Enterprise Group from $95.00 to $92.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Morgan Stanley upped their price target on shares of Public Service Enterprise Group from $96.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $98.00 price objective on shares of Public Service Enterprise Group in a report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $89.65.

Insider Activity at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,378 shares of Public Service Enterprise Group stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $83.10, for a total transaction of $114,511.80. Following the completion of the sale, the chief executive officer now owns 126,791 shares of the company's stock, valued at $10,536,332.10. This trade represents a 1.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.19% of the stock is currently owned by insiders.

Public Service Enterprise Group Trading Down 1.0 %

Public Service Enterprise Group stock traded down $0.82 during midday trading on Thursday, reaching $80.72. The stock had a trading volume of 2,519,299 shares, compared to its average volume of 2,534,130. Public Service Enterprise Group Incorporated has a twelve month low of $64.03 and a twelve month 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 $40.24 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 2.78 and a beta of 0.60. The firm's fifty day simple moving average is $83.31 and its two-hundred day simple moving average is $86.09.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its earnings results on Tuesday, February 25th. The utilities provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.83 by $0.01. The business had revenue of $2.47 billion during 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%. Public Service Enterprise Group's revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share. Equities analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

Public Service Enterprise Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $0.63 per share. This is a boost from Public Service Enterprise Group's previous quarterly dividend of $0.60. This represents a $2.52 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Monday, March 10th. Public Service Enterprise Group's dividend payout ratio (DPR) is currently 71.19%.

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.