O Shaughnessy Asset Management LLC Has $3.89 Million Stock Holdings in Public Service Enterprise Group Incorporated (NYSE:PEG)

O Shaughnessy Asset Management LLC grew its stake in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 10.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,079 shares of the utilities provider's stock after purchasing an additional 4,455 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Public Service Enterprise Group were worth $3,893,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Norges Bank bought a new position in Public Service Enterprise Group in the 4th quarter valued at about $445,005,000. Raymond James Financial Inc. acquired a new position in shares of Public Service Enterprise Group in the fourth quarter valued at approximately $376,209,000. Jennison Associates LLC increased its stake in shares of Public Service Enterprise Group by 125.3% during the fourth quarter. Jennison Associates LLC now owns 3,384,803 shares of the utilities provider's stock worth $285,982,000 after purchasing an additional 1,882,667 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Public Service Enterprise Group by 604.5% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,004,100 shares of the utilities provider's stock worth $169,404,000 after purchasing an additional 1,719,614 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in Public Service Enterprise Group by 234.1% in the 4th quarter. Schroder Investment Management Group now owns 2,117,411 shares of the utilities provider's stock valued at $178,900,000 after purchasing an additional 1,483,662 shares during the period. Institutional investors and hedge funds own 73.34% of the company's stock.

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Insider Buying and Selling

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,378 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $82.88, for a total transaction of $114,208.64. Following the sale, the chief executive officer now owns 221,670 shares of the company's stock, valued at approximately $18,372,009.60. The trade was a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on PEG shares. Scotiabank increased their price objective on Public Service Enterprise Group from $73.00 to $86.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. StockNews.com upgraded shares of Public Service Enterprise Group from a "sell" rating to a "hold" rating in a research note on Friday, March 14th. BMO Capital Markets lifted their price objective on shares of Public Service Enterprise Group from $85.00 to $86.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 26th. Barclays lowered shares of Public Service Enterprise Group from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $88.00 to $84.00 in a research report on Monday, January 27th. Finally, LADENBURG THALM/SH SH downgraded shares of Public Service Enterprise Group from a "buy" rating to a "neutral" rating and set a $82.50 price target for the company. in a research report on Wednesday, March 19th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.65.

Public Service Enterprise Group Price Performance

Shares of PEG stock traded down $0.70 during trading hours on Monday, reaching $77.03. The company's stock had a trading volume of 4,481,393 shares, compared to its average volume of 2,696,607. Public Service Enterprise Group Incorporated has a fifty-two week low of $64.03 and a fifty-two week high of $95.22. The firm's 50 day simple moving average is $82.24 and its 200-day simple moving average is $85.99. 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 company has a market capitalization of $38.40 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 2.78 and a beta of 0.52.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The utilities provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.01. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the company earned $0.54 EPS. Public Service Enterprise Group's revenue for the quarter was down 5.4% on a year-over-year basis. Sell-side analysts forecast that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current year.

Public Service Enterprise Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 3.27%. This is a boost from Public Service Enterprise Group's previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, March 10th. Public Service Enterprise Group's dividend payout ratio 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.