Public Service Enterprise Group Incorporated (NYSE:PEG) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 26.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,545 shares of the utilities provider's stock after buying an additional 12,752 shares during the period. Quantinno Capital Management LP's holdings in Public Service Enterprise Group were worth $5,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Fifth Third Wealth Advisors LLC lifted its holdings in Public Service Enterprise Group by 6.0% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,248 shares of the utilities provider's stock valued at $359,000 after purchasing an additional 242 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Public Service Enterprise Group by 44.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 159,345 shares of the utilities provider's stock worth $13,463,000 after purchasing an additional 49,105 shares during the last quarter. Park Avenue Securities LLC lifted its stake in Public Service Enterprise Group by 4.3% in the 4th quarter. Park Avenue Securities LLC now owns 26,020 shares of the utilities provider's stock valued at $2,198,000 after buying an additional 1,065 shares in the last quarter. Avanza Fonder AB purchased a new position in Public Service Enterprise Group in the 4th quarter valued at about $4,736,000. Finally, Merit Financial Group LLC boosted its holdings in Public Service Enterprise Group by 35.0% in the 4th quarter. Merit Financial Group LLC now owns 10,747 shares of the utilities provider's stock worth $908,000 after buying an additional 2,787 shares during the last quarter. Hedge funds and other institutional investors own 73.34% of the company's stock.

Insider Buying and Selling at Public Service Enterprise Group

In other 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 approximately $17,523,831.18. This represents a 0.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.19% of the company's stock.

Public Service Enterprise Group Trading Up 0.9%

Shares of PEG stock traded up $0.68 on Friday, hitting $78.05. 496,188 shares of the stock traded hands, compared to its average volume of 2,740,462. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.48 and a current ratio of 0.68. Public Service Enterprise Group Incorporated has a twelve month low of $71.89 and a twelve month high of $95.22. The firm's 50-day moving average price is $80.70 and its two-hundred day moving average price is $83.92. The stock has a market capitalization of $38.94 billion, a PE ratio of 19.21, a PEG ratio of 2.78 and a beta of 0.48.

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, hitting analysts' consensus estimates of $1.43. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the previous year, the firm earned $1.31 earnings per share. Public Service Enterprise Group's quarterly revenue was up 16.7% compared to the same quarter last year. As a group, analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current year.

Public Service Enterprise Group Dividend Announcement

The firm also recently announced 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 3.23%. Public Service Enterprise Group's dividend payout ratio (DPR) is 68.85%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Evercore ISI reduced their target price on Public Service Enterprise Group from $99.00 to $92.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Barclays reduced their price objective on Public Service Enterprise Group from $84.00 to $83.00 and set an "equal weight" rating for the company in a research note 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. Wall Street Zen lowered shares of Public Service Enterprise Group from a "hold" rating to a "sell" rating in a report on Thursday, May 1st. Finally, BMO Capital Markets decreased their price target on shares of 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. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $88.88.

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.