Yaupon Capital Management LP Grows Stock Position in Public Service Enterprise Group Incorporated (NYSE:PEG)

Yaupon Capital Management LP grew its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 111.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 285,363 shares of the utilities provider's stock after buying an additional 150,611 shares during the period. Public Service Enterprise Group accounts for 1.0% of Yaupon Capital Management LP's portfolio, making the stock its 27th biggest holding. Yaupon Capital Management LP owned 0.06% of Public Service Enterprise Group worth $24,110,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Center for Financial Planning Inc. lifted its stake in Public Service Enterprise Group by 3.0% in the 4th quarter. Center for Financial Planning Inc. now owns 4,126 shares of the utilities provider's stock worth $349,000 after purchasing an additional 120 shares in the last quarter. Spire Wealth Management increased its holdings in shares of Public Service Enterprise Group by 2.4% in the fourth quarter. Spire Wealth Management now owns 5,207 shares of the utilities provider's stock worth $440,000 after purchasing an additional 121 shares during the last quarter. United Asset Strategies Inc. lifted its position in shares of Public Service Enterprise Group by 2.6% in the fourth quarter. United Asset Strategies Inc. now owns 4,921 shares of the utilities provider's stock worth $416,000 after buying an additional 127 shares in the last quarter. Fifth Third Bancorp boosted its stake in Public Service Enterprise Group by 0.4% during the fourth quarter. Fifth Third Bancorp now owns 35,384 shares of the utilities provider's stock valued at $2,990,000 after buying an additional 139 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in Public Service Enterprise Group by 10.1% during the 4th quarter. Larson Financial Group LLC now owns 1,518 shares of the utilities provider's stock valued at $128,000 after buying an additional 139 shares in the last quarter. 73.34% of the stock is currently owned by institutional investors.

Insider Activity at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,378 shares of the business's stock in a transaction dated 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 owns 221,670 shares in the company, valued at approximately $18,372,009.60. The trade was a 0.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is currently owned by insiders.

Public Service Enterprise Group Stock Down 0.9 %

Public Service Enterprise Group stock traded down $0.73 during midday trading on Friday, hitting $80.99. 2,886,115 shares of the company's stock were exchanged, compared to its average volume of 2,718,655. The firm has a 50-day moving average of $81.70 and a two-hundred day moving average of $85.28. Public Service Enterprise Group Incorporated has a 12 month low of $66.57 and a 12 month high of $95.22. The company has a market cap of $40.38 billion, a PE ratio of 19.90, a P/E/G ratio of 2.78 and a beta of 0.52. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.48 and a current ratio of 0.68.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The utilities provider reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.01. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Public Service Enterprise Group's revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, 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 firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Monday, June 9th. Public Service Enterprise Group's dividend payout ratio (DPR) is presently 71.19%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Guggenheim restated a "buy" rating and issued a $98.00 price target on shares of Public Service Enterprise Group in a research report on Wednesday, February 26th. Morgan Stanley increased their price target on shares of Public Service Enterprise Group from $96.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. StockNews.com raised Public Service Enterprise Group from a "sell" rating to a "hold" rating in a research note on Wednesday, April 16th. Bank of America dropped their target price on Public Service Enterprise Group from $95.00 to $92.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Finally, Barclays cut their price target on shares of Public Service Enterprise Group from $84.00 to $83.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.35.

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.