Janus Henderson Group PLC Decreases Stake in Public Service Enterprise Group Incorporated (NYSE:PEG)

Janus Henderson Group PLC trimmed its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 21.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,581 shares of the utilities provider's stock after selling 22,501 shares during the quarter. Janus Henderson Group PLC's holdings in Public Service Enterprise Group were worth $7,150,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Transce3nd LLC bought a new stake in shares of Public Service Enterprise Group during the 4th quarter valued at $25,000. Chapman Financial Group LLC purchased a new position in Public Service Enterprise Group during the fourth quarter valued at $25,000. Wingate Wealth Advisors Inc. bought a new stake in Public Service Enterprise Group during the fourth quarter valued at about $35,000. OFI Invest Asset Management bought a new stake in Public Service Enterprise Group during the fourth quarter valued at about $39,000. Finally, Optiver Holding B.V. purchased a new stake in Public Service Enterprise Group in the fourth quarter worth about $50,000. 73.34% of the stock is currently owned by institutional investors.

Insider Transactions at Public Service Enterprise Group

In related news, CEO Ralph A. Larossa sold 1,378 shares of the stock in a transaction that occurred 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.19% of the company's stock.

Public Service Enterprise Group Stock Up 2.1%

Shares of PEG stock traded up $1.62 on Friday, hitting $78.99. The stock had a trading volume of 2,572,133 shares, compared to its average volume of 2,750,858. Public Service Enterprise Group Incorporated has a one year low of $71.89 and a one year high of $95.22. The business has a 50 day moving average price of $80.64 and a 200 day moving average price of $83.89. The company has a market cap of $39.41 billion, a PE ratio of 19.41, a P/E/G ratio of 2.78 and a beta of 0.48. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 1.18.

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 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 quarter in the previous year, the business posted $1.31 EPS. The company's quarterly revenue was up 16.7% compared to the same quarter last year. Research analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be issued a $0.63 dividend. The ex-dividend date is Monday, June 9th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.19%. Public Service Enterprise Group's dividend payout ratio is presently 68.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Guggenheim reduced their target price on shares of Public Service Enterprise Group from $98.00 to $94.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Bank of America reduced their price objective on shares of Public Service Enterprise Group from $95.00 to $92.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. 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. BMO Capital Markets cut their price target on Public Service Enterprise Group from $86.00 to $83.00 and set a "market perform" rating for the company in a research note on Thursday, April 10th. Finally, Wells Fargo & Company dropped 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 note on Wednesday, February 26th. One 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's stock. According to data from MarketBeat, Public Service Enterprise Group currently has a consensus rating of "Hold" and an average price target of $88.88.

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.