Capital Advisors Inc. OK Purchases New Position in Public Service Enterprise Group Incorporated (NYSE:PEG)

Capital Advisors Inc. OK bought a new position in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,504 shares of the utilities provider's stock, valued at approximately $288,000.

Several other large investors have also added to or reduced their stakes in PEG. Transce3nd LLC purchased a new stake in shares of Public Service Enterprise Group in the 4th quarter valued at about $25,000. Chapman Financial Group LLC purchased a new position in shares of Public Service Enterprise Group during the 4th quarter valued at about $25,000. REAP Financial Group LLC raised its holdings in shares of Public Service Enterprise Group by 105.9% during the 4th quarter. REAP Financial Group LLC now owns 315 shares of the utilities provider's stock valued at $27,000 after buying an additional 162 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Public Service Enterprise Group during the 4th quarter valued at about $39,000. Finally, Optiver Holding B.V. purchased a new position in shares of Public Service Enterprise Group during the 4th quarter valued at about $50,000. Institutional investors own 73.34% of the company's stock.

Insider Activity

In related news, CEO Ralph A. Larossa sold 1,387 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $83.12, for a total transaction of $115,287.44. Following the completion of the sale, the chief executive officer directly owned 218,328 shares of the company's stock, valued at approximately $18,147,423.36. This trade represents a 0.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.19% of the stock is owned by insiders.

Public Service Enterprise Group Stock Up 0.4%

Public Service Enterprise Group stock traded up $0.36 during mid-day trading on Friday, hitting $82.52. The company had a trading volume of 1,870,718 shares, compared to its average volume of 2,771,431. Public Service Enterprise Group Incorporated has a 12 month low of $73.72 and a 12 month high of $95.22. The stock's 50 day moving average price is $80.63 and its two-hundred day moving average price is $82.17. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $41.18 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 2.94 and a beta of 0.48.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $1.43 EPS for the quarter, meeting analysts' consensus estimates of $1.43. The company had revenue of $3.22 billion during the quarter, compared to analysts' expectations of $3.15 billion. Public Service Enterprise Group had a return on equity of 11.80% and a net margin of 17.01%. Public Service Enterprise Group's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.31 earnings per share. As a group, sell-side analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 9th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Monday, June 9th. Public Service Enterprise Group's payout ratio is 68.85%.

Wall Street Analysts Forecast Growth

PEG has been the topic of a number of analyst reports. BMO Capital Markets decreased their price target on Public Service Enterprise Group from $86.00 to $83.00 and set a "market perform" rating on the stock in a research note on Thursday, April 10th. Barclays decreased their price target on Public Service Enterprise Group from $83.00 to $82.00 and set an "equal weight" rating on the stock in a research note on Thursday. Morgan Stanley decreased their price target on Public Service Enterprise Group from $101.00 to $100.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. LADENBURG THALM/SH SH cut Public Service Enterprise Group from a "buy" rating to a "neutral" rating and set a $82.50 price target on the stock. in a research note on Wednesday, March 19th. Finally, UBS Group raised Public Service Enterprise Group from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $86.00 to $97.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $89.38.

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.