Public Service Enterprise Group Incorporated (NYSE:PEG) Position Reduced by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec decreased its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 7.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 422,342 shares of the utilities provider's stock after selling 35,300 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.08% of Public Service Enterprise Group worth $35,684,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PEG. Gallo Partners LP acquired a new position in Public Service Enterprise Group in the fourth quarter valued at $2,793,000. Soros Fund Management LLC acquired a new position in shares of Public Service Enterprise Group in the 4th quarter valued at $2,535,000. Schonfeld Strategic Advisors LLC boosted its holdings in Public Service Enterprise Group by 417.0% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 48,032 shares of the utilities provider's stock valued at $4,058,000 after acquiring an additional 38,742 shares during the last quarter. AQR Capital Management LLC increased its position in Public Service Enterprise Group by 62.3% during the 4th quarter. AQR Capital Management LLC now owns 332,457 shares of the utilities provider's stock worth $28,089,000 after purchasing an additional 127,642 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in Public Service Enterprise Group by 0.9% in the fourth quarter. California State Teachers Retirement System now owns 984,274 shares of the utilities provider's stock valued at $83,161,000 after buying an additional 8,536 shares during the period. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,378 shares of Public Service Enterprise Group stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $79.26, for a total transaction of $109,220.28. Following the sale, the chief executive officer now owns 221,093 shares of the company's stock, valued at $17,523,831.18. The trade was a 0.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.19% of the company's stock.

Public Service Enterprise Group Stock Performance

PEG stock traded up $0.07 during trading on Wednesday, hitting $79.77. 2,449,293 shares of the company's stock traded hands, compared to its average volume of 2,869,986. Public Service Enterprise Group Incorporated has a 52 week low of $71.49 and a 52 week high of $95.22. The stock has a fifty day moving average price of $81.09 and a two-hundred day moving average price of $84.73. 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 stock has a market capitalization of $39.81 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 2.78 and a beta of 0.48.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.43. The business had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.15 billion. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The business's revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the business posted $1.31 EPS. As a group, equities analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Monday, June 9th. Public Service Enterprise Group's payout ratio is 68.85%.

Wall Street Analysts Forecast Growth

PEG has been the topic of several recent research reports. LADENBURG THALM/SH SH lowered shares of Public Service Enterprise Group from a "buy" rating to a "neutral" rating and set a $82.50 target price on the stock. in a report on Wednesday, March 19th. Bank of America dropped their target price 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. Guggenheim reduced their price target on Public Service Enterprise Group from $98.00 to $94.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. BMO Capital Markets lowered their price objective on shares of Public Service Enterprise Group from $86.00 to $83.00 and set a "market perform" rating for the company in a research report on Thursday, April 10th. Finally, Evercore ISI dropped their price target on shares of Public Service Enterprise Group from $99.00 to $92.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $88.81.

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.