Natixis Advisors LLC Has $18.56 Million Holdings in Public Service Enterprise Group Incorporated (NYSE:PEG)

Natixis Advisors LLC decreased its position in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 26.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 208,063 shares of the utilities provider's stock after selling 73,044 shares during the quarter. Natixis Advisors LLC's holdings in Public Service Enterprise Group were worth $18,561,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Heritage Wealth Management Inc. acquired a new stake in Public Service Enterprise Group in the second quarter valued at approximately $422,000. QRG Capital Management Inc. increased its position in shares of Public Service Enterprise Group by 28.0% during the 2nd quarter. QRG Capital Management Inc. now owns 70,927 shares of the utilities provider's stock valued at $5,227,000 after purchasing an additional 15,505 shares during the last quarter. CWM LLC raised its position in Public Service Enterprise Group by 72.3% in the second quarter. CWM LLC now owns 20,786 shares of the utilities provider's stock worth $1,532,000 after acquiring an additional 8,723 shares during the period. Czech National Bank boosted its stake in Public Service Enterprise Group by 8.3% in the second quarter. Czech National Bank now owns 94,913 shares of the utilities provider's stock valued at $6,995,000 after acquiring an additional 7,235 shares during the last quarter. Finally, Colonial River Investments LLC purchased a new stake in shares of Public Service Enterprise Group during the 3rd quarter worth approximately $634,000. Institutional investors own 73.34% of the company's stock.

Public Service Enterprise Group Stock Performance

Shares of Public Service Enterprise Group stock traded up $0.19 during midday trading on Wednesday, hitting $90.28. The company had a trading volume of 461,129 shares, compared to its average volume of 2,765,853. The stock has a market cap of $44.98 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 3.27 and a beta of 0.61. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 1.18. Public Service Enterprise Group Incorporated has a 12-month low of $56.85 and a 12-month high of $92.20. The company has a fifty day simple moving average of $87.87 and a 200 day simple moving average of $80.31.

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 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.03. The firm had revenue of $2.64 billion during 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%. Public Service Enterprise Group's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. As a group, analysts predict that Public Service Enterprise Group Incorporated will post 3.66 earnings per share for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The firm 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 $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.66%. Public Service Enterprise Group's payout ratio is 58.97%.

Analyst Ratings Changes

Several equities research analysts have commented on PEG shares. Scotiabank upped their price objective on shares of Public Service Enterprise Group from $62.00 to $73.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. Jefferies Financial Group initiated coverage on shares of Public Service Enterprise Group in a report on Friday, September 13th. They issued a "hold" rating and a $85.00 price objective for the company. Bank of America boosted their price objective on Public Service Enterprise Group from $84.00 to $88.00 and gave the company a "buy" rating in a research report on Thursday, August 29th. Evercore ISI boosted their price target on Public Service Enterprise Group from $92.00 to $95.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. Finally, UBS Group upped their target price on Public Service Enterprise Group from $94.00 to $98.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $86.69.

Insiders Place Their Bets

In related news, EVP Tamara Louise Linde sold 9,563 shares of the business's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $79.54, for a total value of $760,641.02. Following the completion of the sale, the executive vice president now directly owns 57,961 shares of the company's stock, valued at $4,610,217.94. The trade was a 14.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ralph A. Larossa sold 1,378 shares of the firm's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $90.20, for a total value of $124,295.60. Following the transaction, the chief executive officer now directly owns 147,514 shares in the company, valued at approximately $13,305,762.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,783 shares of company stock valued at $2,381,626 over the last 90 days. 0.18% of the stock is owned by company insiders.

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.