Clarius Group LLC Purchases 6,197 Shares of Public Service Enterprise Group Incorporated (NYSE:PEG)

Clarius Group LLC lifted its position in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 204.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,222 shares of the utilities provider's stock after buying an additional 6,197 shares during the quarter. Clarius Group LLC's holdings in Public Service Enterprise Group were worth $759,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Transce3nd LLC bought a new stake in Public Service Enterprise Group during the fourth quarter worth approximately $25,000. Chapman Financial Group LLC bought a new stake in Public Service Enterprise Group during the fourth quarter worth approximately $25,000. REAP Financial Group LLC boosted its position in Public Service Enterprise Group by 105.9% during the fourth quarter. REAP Financial Group LLC now owns 315 shares of the utilities provider's stock worth $27,000 after purchasing an additional 162 shares during the period. OFI Invest Asset Management bought a new stake in Public Service Enterprise Group during the fourth quarter worth approximately $39,000. Finally, Optiver Holding B.V. bought a new stake in Public Service Enterprise Group during the fourth quarter worth approximately $50,000. Institutional investors own 73.34% of the company's stock.

Public Service Enterprise Group Stock Performance

Shares of NYSE PEG opened at $81.99 on Thursday. The business has a fifty day simple moving average of $80.34 and a 200 day simple moving average of $82.73. 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 firm has a market capitalization of $40.92 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 2.90 and a beta of 0.48. 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 earnings results on Wednesday, April 30th. The utilities provider reported $1.43 EPS for the quarter, meeting analysts' consensus estimates of $1.43. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates 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 was up 16.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.31 earnings per share. Sell-side analysts expect that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current year.

Public Service Enterprise Group Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Monday, June 9th. This represents a $2.52 annualized dividend and a yield of 3.07%. Public Service Enterprise Group's dividend payout ratio is currently 68.85%.

Insiders Place Their Bets

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,378 shares of the 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 completion of the transaction, the chief executive officer now directly owns 221,093 shares in the company, valued at $17,523,831.18. This represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.19% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wall Street Zen cut Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st. Bank of America cut their price target 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. Wells Fargo & Company cut their price target on Public Service Enterprise Group from $100.00 to $95.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Barclays cut their price target 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. Finally, Morgan Stanley cut their price target on Public Service Enterprise Group from $101.00 to $100.00 and set an "overweight" rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $89.54.

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.

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