Public Service Enterprise Group Incorporated (NYSE:PEG) Holdings Raised by National Bank of Canada FI

National Bank of Canada FI grew its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 376.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 810,694 shares of the utilities provider's stock after acquiring an additional 640,485 shares during the quarter. National Bank of Canada FI owned about 0.16% of Public Service Enterprise Group worth $72,321,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Family Firm Inc. acquired a new position in Public Service Enterprise Group during the second quarter worth approximately $33,000. OFI Invest Asset Management acquired a new stake in shares of Public Service Enterprise Group during the 2nd quarter worth $35,000. Ashton Thomas Securities LLC purchased a new position in shares of Public Service Enterprise Group in the 3rd quarter worth $35,000. Northwest Investment Counselors LLC acquired a new position in Public Service Enterprise Group in the third quarter valued at $48,000. Finally, Friedenthal Financial purchased a new stake in Public Service Enterprise Group during the second quarter valued at about $52,000. 73.34% of the stock is currently owned by hedge funds and other institutional investors.

Public Service Enterprise Group Stock Down 1.7 %

Shares of NYSE:PEG traded down $1.52 during midday trading on Friday, reaching $90.00. The company had a trading volume of 1,646,754 shares, compared to its average volume of 2,252,659. Public Service Enterprise Group Incorporated has a one year low of $56.85 and a one year 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 stock has a market capitalization of $44.84 billion, a P/E ratio of 22.11, a PEG ratio of 3.37 and a beta of 0.62. The stock's fifty day moving average price is $89.65 and its 200-day moving average price is $82.03.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its earnings results on Monday, November 4th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.03. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The company's revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts expect that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Tuesday, December 10th. Public Service Enterprise Group's dividend payout ratio (DPR) is presently 58.97%.

Analysts Set New Price Targets

PEG has been the topic of several research analyst reports. Scotiabank lifted their price objective on Public Service Enterprise Group from $62.00 to $73.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. Evercore ISI boosted their price objective on shares of Public Service Enterprise Group from $92.00 to $95.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 8th. Bank of America raised their target price on shares of Public Service Enterprise Group from $84.00 to $88.00 and gave the company a "buy" rating in a research note on Thursday, August 29th. Barclays lowered their price target on Public Service Enterprise Group from $98.00 to $88.00 and set an "overweight" rating for the company in a report on Tuesday, November 5th. Finally, Jefferies Financial Group assumed coverage on Public Service Enterprise Group in a research note on Friday, September 13th. They set a "hold" rating and a $85.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Public Service Enterprise Group currently has an average rating of "Moderate Buy" and an average price target of $88.08.

Insider Transactions at Public Service Enterprise Group

In other news, COO Kim C. Hanemann sold 956 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $90.09, for a total transaction of $86,126.04. Following the completion of the transaction, the chief operating officer now owns 70,011 shares in the company, valued at approximately $6,307,290.99. This represents a 1.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tamara Louise Linde sold 9,564 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $90.61, for a total transaction of $866,594.04. Following the completion of the sale, the executive vice president now directly owns 48,397 shares in the company, valued at approximately $4,385,252.17. This trade represents a 16.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,361 shares of company stock worth $2,356,562. 0.57% of the stock is currently 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.