Aviva PLC Grows Stock Holdings in Public Service Enterprise Group Incorporated (NYSE:PEG)

Aviva PLC boosted its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 7.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,027,470 shares of the utilities provider's stock after acquiring an additional 67,147 shares during the quarter. Aviva PLC owned 0.21% of Public Service Enterprise Group worth $86,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Foundations Investment Advisors LLC increased its stake in shares of Public Service Enterprise Group by 27.0% in the fourth quarter. Foundations Investment Advisors LLC now owns 87,621 shares of the utilities provider's stock worth $7,403,000 after buying an additional 18,627 shares during the period. Cullen Investment Group LTD. increased its position in shares of Public Service Enterprise Group by 65.3% in the fourth quarter. Cullen Investment Group LTD. now owns 26,867 shares of the utilities provider's stock valued at $2,270,000 after acquiring an additional 10,610 shares during the period. Arvest Bank Trust Division bought a new position in shares of Public Service Enterprise Group during the third quarter valued at about $2,860,000. Parsons Capital Management Inc. RI purchased a new stake in shares of Public Service Enterprise Group during the fourth quarter worth about $2,565,000. Finally, Czech National Bank grew its stake in shares of Public Service Enterprise Group by 6.4% in the fourth quarter. Czech National Bank now owns 108,025 shares of the utilities provider's stock worth $9,127,000 after purchasing an additional 6,545 shares during the last quarter. 73.34% of the stock is currently owned by institutional investors.

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Public Service Enterprise Group Stock Down 1.1 %

NYSE:PEG traded down $0.91 during trading hours on Thursday, reaching $80.92. 1,642,138 shares of the company traded hands, compared to its average volume of 2,712,216. Public Service Enterprise Group Incorporated has a 1 year low of $64.03 and a 1 year high of $95.22. The stock has a market capitalization of $40.34 billion, a P/E ratio of 19.94, a P/E/G ratio of 2.78 and a beta of 0.52. The business's 50-day moving average price is $82.01 and its two-hundred day moving average price is $85.81. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 1.18.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The utilities provider reported $0.84 earnings per share (EPS) 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 firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. Public Service Enterprise Group's quarterly revenue was down 5.4% compared to the same quarter last year. Analysts predict that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current year.

Public Service Enterprise Group Increases Dividend

The company also recently declared 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. The ex-dividend date was Monday, March 10th. This represents a $2.52 annualized dividend and a dividend yield of 3.11%. This is an increase from Public Service Enterprise Group's previous quarterly dividend of $0.60. Public Service Enterprise Group's dividend payout ratio (DPR) is 71.19%.

Insider Buying and Selling

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,378 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $82.88, for a total transaction of $114,208.64. Following the sale, the chief executive officer now directly owns 221,670 shares in the company, valued at approximately $18,372,009.60. This trade represents a 0.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.19% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PEG shares. Guggenheim reiterated a "buy" rating and issued a $98.00 price objective on shares of Public Service Enterprise Group in a report on Wednesday, February 26th. StockNews.com lowered Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research note on Tuesday. Scotiabank boosted their price objective on shares of Public Service Enterprise Group from $73.00 to $86.00 and gave the company a "sector perform" rating in a research report on Thursday, December 12th. Bank of America dropped their target price on shares of Public Service Enterprise Group from $95.00 to $92.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Finally, Barclays decreased their price target on shares of Public Service Enterprise Group from $84.00 to $83.00 and set an "equal weight" rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Public Service Enterprise Group presently has an average rating of "Hold" and an average target price of $89.35.

Public Service Enterprise Group 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.