Public Service Enterprise Group Incorporated (NYSE:PEG) Holdings Raised by National Pension Service

National Pension Service boosted its stake in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 8.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 673,031 shares of the utilities provider's stock after buying an additional 53,432 shares during the quarter. National Pension Service owned approximately 0.14% of Public Service Enterprise Group worth $60,041,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Raymond James & Associates lifted its holdings in Public Service Enterprise Group by 315.2% in the 2nd quarter. Raymond James & Associates now owns 2,206,101 shares of the utilities provider's stock valued at $162,590,000 after purchasing an additional 1,674,827 shares in the last quarter. Sound Shore Management Inc. CT purchased a new position in shares of Public Service Enterprise Group during the second quarter valued at approximately $71,298,000. Hsbc Holdings PLC lifted its stake in shares of Public Service Enterprise Group by 43.2% during the second quarter. Hsbc Holdings PLC now owns 2,426,170 shares of the utilities provider's stock valued at $178,763,000 after buying an additional 732,443 shares during the period. Reaves W H & Co. Inc. boosted its position in Public Service Enterprise Group by 73.9% during the first quarter. Reaves W H & Co. Inc. now owns 1,572,001 shares of the utilities provider's stock worth $104,978,000 after acquiring an additional 667,773 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in Public Service Enterprise Group by 381.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 800,848 shares of the utilities provider's stock valued at $59,023,000 after acquiring an additional 634,587 shares during the last quarter. Institutional investors and hedge funds own 73.34% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PEG. Wells Fargo & Company increased their target price on Public Service Enterprise Group from $85.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. UBS Group increased their price objective 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 their target price on shares of Public Service Enterprise Group from $98.00 to $88.00 and set an "overweight" rating for the company in a report on Tuesday. LADENBURG THALM/SH SH raised shares of Public Service Enterprise Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 5th. Finally, Morgan Stanley boosted 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 research note on Monday, September 23rd. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $86.69.

Insider Buying and Selling at Public Service Enterprise Group

In related news, EVP Tamara Louise Linde sold 19,127 shares of the business's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $80.26, for a total value of $1,535,133.02. Following the transaction, the executive vice president now owns 67,524 shares in the company, valued at approximately $5,419,476.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Tamara Louise Linde sold 19,127 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $80.26, for a total transaction of $1,535,133.02. Following the completion of the sale, the executive vice president now owns 67,524 shares of the company's stock, valued at approximately $5,419,476.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ralph A. Larossa sold 1,378 shares of the company's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $90.20, for a total transaction of $124,295.60. Following the completion of the sale, the chief executive officer now directly owns 147,514 shares in the company, valued at $13,305,762.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,010 shares of company stock valued at $3,397,855 in the last ninety days. Insiders own 0.18% of the company's stock.

Public Service Enterprise Group Stock Up 0.0 %

Shares of NYSE:PEG traded up $0.03 during mid-day trading on Wednesday, hitting $83.81. 2,736,158 shares of the company traded hands, compared to its average volume of 2,792,141. The firm's 50 day simple moving average is $86.62 and its 200 day simple moving average is $79.03. The firm has a market cap of $41.75 billion, a P/E ratio of 20.59, a PEG ratio of 2.69 and a beta of 0.61. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.46 and a current ratio of 0.65. Public Service Enterprise Group Incorporated has a 52-week low of $56.85 and a 52-week high of $92.20.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its earnings results on Monday, November 4th. The utilities provider reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.03. The business had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.44 billion. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.78%. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 earnings per share. On average, equities analysts anticipate that Public Service Enterprise Group Incorporated will post 3.66 EPS for the current year.

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.