Czech National Bank Increases Stock Holdings in Public Service Enterprise Group Incorporated (NYSE:PEG)

Czech National Bank increased its position in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,434 shares of the utilities provider's stock after buying an additional 6,409 shares during the period. Czech National Bank's holdings in Public Service Enterprise Group were worth $9,418,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PEG. Center for Financial Planning Inc. lifted its stake in shares of Public Service Enterprise Group by 3.0% in the fourth quarter. Center for Financial Planning Inc. now owns 4,126 shares of the utilities provider's stock valued at $349,000 after buying an additional 120 shares in the last quarter. Spire Wealth Management boosted its stake in Public Service Enterprise Group by 2.4% during the 4th quarter. Spire Wealth Management now owns 5,207 shares of the utilities provider's stock valued at $440,000 after purchasing an additional 121 shares during the last quarter. Centre Asset Management LLC raised its stake in shares of Public Service Enterprise Group by 3.2% in the first quarter. Centre Asset Management LLC now owns 3,933 shares of the utilities provider's stock worth $324,000 after purchasing an additional 121 shares during the last quarter. Larson Financial Group LLC grew its holdings in Public Service Enterprise Group by 10.1% during the fourth quarter. Larson Financial Group LLC now owns 1,518 shares of the utilities provider's stock worth $128,000 after buying an additional 139 shares in the last quarter. Finally, Copperwynd Financial LLC raised its position in Public Service Enterprise Group by 1.4% in the 4th quarter. Copperwynd Financial LLC now owns 10,714 shares of the utilities provider's stock valued at $905,000 after buying an additional 145 shares during the last quarter. Institutional investors and hedge funds own 73.34% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on PEG shares. Wall Street Zen lowered shares of Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st. Wells Fargo & Company decreased their price target on Public Service Enterprise Group from $100.00 to $95.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Barclays decreased 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 research report on Tuesday, April 8th. LADENBURG THALM/SH SH cut 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 research note on Wednesday, March 19th. Finally, Bank of America dropped their price objective on Public Service Enterprise Group from $95.00 to $92.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $89.63.

Public Service Enterprise Group Price Performance

PEG traded down $0.60 during midday trading on Thursday, hitting $79.79. The stock had a trading volume of 2,076,791 shares, compared to its average volume of 2,784,467. Public Service Enterprise Group Incorporated has a 1 year low of $71.89 and a 1 year high of $95.22. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.48 and a current ratio of 0.68. The business has a fifty day moving average of $80.31 and a 200 day moving average of $83.55. The company has a market cap of $39.82 billion, a P/E ratio of 19.61, 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 posted its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.43. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the prior year, the business posted $1.31 earnings per share. The company's revenue was up 16.7% on a year-over-year basis. As a group, equities analysts forecast 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 will be paid on Monday, June 30th. Stockholders 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 dividend yield of 3.16%. The ex-dividend date of this dividend is Monday, June 9th. Public Service Enterprise Group's dividend payout ratio (DPR) is presently 68.85%.

Insider Transactions at Public Service Enterprise Group

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 shares were sold at an average price of $79.26, for a total transaction of $109,220.28. Following the completion of the sale, the chief executive officer now owns 221,093 shares of the company's stock, valued at $17,523,831.18. This represents a 0.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.19% of the company's stock.

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.