Natixis Boosts Stock Position in Public Service Enterprise Group Incorporated (NYSE:PEG)

Natixis boosted its position in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 24.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,990 shares of the utilities provider's stock after purchasing an additional 12,470 shares during the quarter. Natixis' holdings in Public Service Enterprise Group were worth $5,407,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEG. Norinchukin Bank The increased its position in shares of Public Service Enterprise Group by 11.8% during the fourth quarter. Norinchukin Bank The now owns 23,597 shares of the utilities provider's stock valued at $1,994,000 after acquiring an additional 2,491 shares in the last quarter. Ossiam grew its position in Public Service Enterprise Group by 308.1% in the 4th quarter. Ossiam now owns 139,083 shares of the utilities provider's stock worth $11,751,000 after purchasing an additional 105,006 shares during the period. Capital International Inc. CA grew its holdings in shares of Public Service Enterprise Group by 3.8% in the fourth quarter. Capital International Inc. CA now owns 44,955 shares of the utilities provider's stock worth $3,798,000 after acquiring an additional 1,643 shares during the period. Capital Research Global Investors lifted its stake in shares of Public Service Enterprise Group by 0.3% in the 4th quarter. Capital Research Global Investors now owns 4,756,965 shares of the utilities provider's stock worth $401,916,000 after purchasing an additional 15,332 shares during the period. Finally, Covalis Capital LLP grew its position in Public Service Enterprise Group by 105.7% during the fourth quarter. Covalis Capital LLP now owns 689,278 shares of the utilities provider's stock valued at $58,237,000 after buying an additional 354,204 shares during the period. Hedge funds and other institutional investors own 73.34% of the company's stock.

Analyst Ratings Changes

PEG has been the topic of a number of research analyst reports. Bank of America lowered their price target on Public Service Enterprise Group from $95.00 to $92.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. StockNews.com raised Public Service Enterprise Group from a "sell" rating to a "hold" rating in a research note on Wednesday, April 16th. Barclays lowered their target price on Public Service Enterprise Group from $84.00 to $83.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. 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 objective on the stock. in a research note on Wednesday, March 19th. Finally, Guggenheim reiterated a "buy" rating and issued a $98.00 target price on shares of Public Service Enterprise Group in a research note on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $89.35.

Insider Buying and Selling

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

Public Service Enterprise Group Price Performance

Shares of NYSE PEG traded down $0.73 during mid-day trading on Friday, reaching $80.99. The company's stock had a trading volume of 2,886,115 shares, compared to its average volume of 2,717,892. The stock has a market capitalization of $40.38 billion, a P/E ratio of 19.90, a P/E/G ratio of 2.78 and a beta of 0.52. Public Service Enterprise Group Incorporated has a 1-year low of $66.57 and a 1-year high of $95.22. The stock has a 50-day moving average of $81.70 and a two-hundred day moving average of $85.28. 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 released its earnings results on Tuesday, February 25th. The utilities provider reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.01. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.03 billion. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The business's revenue was down 5.4% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. On average, equities research analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Monday, June 9th. 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.