Wealth Enhancement Advisory Services LLC Grows Stock Holdings in Public Service Enterprise Group Incorporated (NYSE:PEG)

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 86,525 shares of the utilities provider's stock after buying an additional 8,022 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Public Service Enterprise Group were worth $7,310,000 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 purchased a new position in Public Service Enterprise Group during the fourth quarter valued at $25,000. Chapman Financial Group LLC purchased a new position in shares of Public Service Enterprise Group during the 4th quarter valued at $25,000. REAP Financial Group LLC lifted its stake 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. Wingate Wealth Advisors Inc. bought a new position in Public Service Enterprise Group in the 4th quarter worth $35,000. Finally, OFI Invest Asset Management purchased a new stake in Public Service Enterprise Group in the 4th quarter worth $39,000. 73.34% of the stock is currently owned by institutional investors.

Public Service Enterprise Group Price Performance

PEG stock traded down $0.60 during mid-day trading on Thursday, reaching $79.79. The company's stock had a trading volume of 2,112,607 shares, compared to its average volume of 2,785,938. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 1.18. The company's 50 day moving average is $80.26 and its two-hundred day moving average is $83.48. Public Service Enterprise Group Incorporated has a fifty-two week low of $71.89 and a fifty-two week high of $95.22. The stock has a market cap of $39.82 billion, a PE ratio of 19.61, a P/E/G ratio of 2.78 and a beta of 0.48.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its earnings results on Wednesday, April 30th. The utilities provider reported $1.43 earnings per share for the quarter, meeting the consensus estimate of $1.43. The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.15 billion. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. Public Service Enterprise Group's revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.31 EPS. Equities research analysts expect that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current year.

Public Service Enterprise Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be issued a $0.63 dividend. 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 currently 68.85%.

Insider Buying and Selling

In other news, CEO Ralph A. Larossa sold 1,378 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $82.88, for a total transaction of $114,208.64. Following the completion of the transaction, the chief executive officer now directly owns 221,670 shares of the company's stock, valued at approximately $18,372,009.60. This represents a 0.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PEG. Guggenheim decreased their target price on Public Service Enterprise Group from $98.00 to $94.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Morgan Stanley reduced their price objective on shares of Public Service Enterprise Group from $102.00 to $101.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. Evercore ISI lowered their target price on shares of Public Service Enterprise Group from $99.00 to $92.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Wall Street Zen lowered shares of Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st. Finally, Wells Fargo & Company reduced their price target on shares of Public Service Enterprise Group from $100.00 to $95.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $89.63.

Public Service Enterprise Group 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.