3,823 Shares in Public Service Enterprise Group Incorporated (NYSE:PEG) Bought by HCR Wealth Advisors

HCR Wealth Advisors bought a new stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,823 shares of the utilities provider's stock, valued at approximately $315,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. grew its position in shares of Public Service Enterprise Group by 4.6% during the 4th quarter. Principal Securities Inc. now owns 6,021 shares of the utilities provider's stock valued at $509,000 after buying an additional 263 shares during the last quarter. Allworth Financial LP boosted its stake in Public Service Enterprise Group by 103.3% in the fourth quarter. Allworth Financial LP now owns 10,844 shares of the utilities provider's stock valued at $957,000 after acquiring an additional 5,509 shares during the period. Americana Partners LLC grew its holdings in shares of Public Service Enterprise Group by 10.9% during the fourth quarter. Americana Partners LLC now owns 4,635 shares of the utilities provider's stock valued at $392,000 after purchasing an additional 457 shares during the last quarter. Catalyst Capital Advisors LLC grew its holdings in shares of Public Service Enterprise Group by 129.6% during the fourth quarter. Catalyst Capital Advisors LLC now owns 1,093 shares of the utilities provider's stock valued at $92,000 after purchasing an additional 617 shares during the last quarter. Finally, Empower Advisory Group LLC boosted its position in Public Service Enterprise Group by 5.5% during the 4th quarter. Empower Advisory Group LLC now owns 5,839 shares of the utilities provider's stock valued at $493,000 after purchasing an additional 306 shares during the period. Institutional investors own 73.34% of the company's stock.

Insider Transactions at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,378 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $79.26, for a total value of $109,220.28. Following the completion of the transaction, the chief executive officer now directly owns 221,093 shares in the company, valued at $17,523,831.18. This trade represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.19% of the company's stock.

Public Service Enterprise Group Stock Up 1.2%

PEG opened at $81.99 on Thursday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.65 and a current ratio of 0.82. The company has a market capitalization of $40.92 billion, a PE ratio of 22.40, a P/E/G ratio of 2.90 and a beta of 0.48. The stock's fifty day moving average is $80.34 and its 200-day moving average is $82.73. Public Service Enterprise Group Incorporated has a one year low of $72.82 and a one year high of $95.22.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $1.43 EPS for the quarter, hitting the consensus estimate of $1.43. Public Service Enterprise Group had a net margin of 17.01% and a return on equity of 11.80%. The firm had revenue of $3.22 billion for the quarter, compared to analysts' expectations of $3.15 billion. During the same period in the previous year, the business earned $1.31 earnings per share. Public Service Enterprise Group's revenue for the quarter was up 16.7% compared to the same quarter last year. On average, equities analysts predict that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be given a dividend of $0.63 per share. The ex-dividend date is Monday, June 9th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.07%. Public Service Enterprise Group's dividend payout ratio (DPR) is presently 68.85%.

Analyst Upgrades and Downgrades

PEG has been the topic of a number of recent research reports. Wall Street Zen cut Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st. Guggenheim dropped their price objective on shares of Public Service Enterprise Group from $98.00 to $94.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. BMO Capital Markets cut their price objective on shares of Public Service Enterprise Group from $86.00 to $83.00 and set a "market perform" rating on the stock in a research report on Thursday, April 10th. Bank of America decreased 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, Morgan Stanley dropped their price target on shares of Public Service Enterprise Group from $101.00 to $100.00 and set an "overweight" rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Public Service Enterprise Group presently has an average rating of "Hold" and a consensus target price of $89.54.

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.

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