Tilson Financial Group Inc. Buys Shares of 10,456 Public Service Enterprise Group Incorporated (NYSE:PEG)

Tilson Financial Group Inc. bought a new position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,456 shares of the utilities provider's stock, valued at approximately $933,000.

Several other institutional investors and hedge funds have also made changes to their positions in PEG. Norden Group LLC acquired a new position in Public Service Enterprise Group in the first quarter valued at approximately $510,000. First Trust Direct Indexing L.P. lifted its holdings in Public Service Enterprise Group by 1.1% in the first quarter. First Trust Direct Indexing L.P. now owns 17,483 shares of the utilities provider's stock valued at $1,167,000 after acquiring an additional 183 shares during the last quarter. FORVIS Wealth Advisors LLC lifted its holdings in Public Service Enterprise Group by 2.7% in the first quarter. FORVIS Wealth Advisors LLC now owns 45,376 shares of the utilities provider's stock valued at $3,030,000 after acquiring an additional 1,208 shares during the last quarter. Maryland State Retirement & Pension System lifted its holdings in Public Service Enterprise Group by 2.8% in the first quarter. Maryland State Retirement & Pension System now owns 39,029 shares of the utilities provider's stock valued at $2,522,000 after acquiring an additional 1,055 shares during the last quarter. Finally, Edge Financial Advisors LLC acquired a new position in Public Service Enterprise Group in the first quarter valued at approximately $203,000. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Public Service Enterprise Group

In other news, EVP Tamara Louise Linde sold 19,127 shares of the stock in a transaction dated 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 in the company, valued at approximately $5,419,476.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Ralph A. Larossa sold 1,378 shares of the firm's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $90.20, for a total value of $124,295.60. Following the completion of the sale, the chief executive officer now owns 147,514 shares in the company, valued at $13,305,762.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Tamara Louise Linde sold 19,127 shares of the firm's stock in a transaction dated 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,010 shares of company stock worth $3,397,855. Company insiders own 0.57% of the company's stock.

Public Service Enterprise Group Stock Performance

NYSE PEG traded up $1.05 during trading hours on Thursday, hitting $89.41. The company had a trading volume of 2,932,405 shares, compared to its average volume of 2,781,563. Public Service Enterprise Group Incorporated has a 1-year low of $56.85 and a 1-year high of $92.20. The company has a market cap of $44.54 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 2.73 and a beta of 0.61. The business has a 50 day moving average of $86.19 and a 200-day moving average of $78.32. 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 (NYSE:PEG - Get Free Report) last announced its earnings results on Tuesday, July 30th. The utilities provider reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). Public Service Enterprise Group had a return on equity of 10.72% and a net margin of 16.12%. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the company posted $0.70 EPS. Public Service Enterprise Group's quarterly revenue was up .1% on a year-over-year basis. As a group, equities research analysts expect that Public Service Enterprise Group Incorporated will post 3.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Evercore ISI upped their price objective 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. 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. BMO Capital Markets upped their price target on Public Service Enterprise Group from $86.00 to $89.00 and gave the stock a "market perform" rating in a research note on Monday, October 21st. Bank of America upped their price target on Public Service Enterprise Group from $84.00 to $88.00 and gave the stock a "buy" rating in a research note on Thursday, August 29th. Finally, LADENBURG THALM/SH SH upgraded Public Service Enterprise Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $87.46.

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.