Shufro Rose & Co. LLC Has $438,000 Stake in Public Service Enterprise Group Incorporated (NYSE:PEG)

Shufro Rose & Co. LLC decreased its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 39.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,184 shares of the utilities provider's stock after selling 3,400 shares during the period. Shufro Rose & Co. LLC's holdings in Public Service Enterprise Group were worth $438,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PEG. Transce3nd LLC bought a new stake in shares of Public Service Enterprise Group during the fourth quarter worth $25,000. Chapman Financial Group LLC bought a new position in Public Service Enterprise Group in the fourth quarter valued at $25,000. Wingate Wealth Advisors Inc. bought a new position in Public Service Enterprise Group in the fourth quarter valued at $35,000. OFI Invest Asset Management bought a new position in Public Service Enterprise Group in the fourth quarter valued at $39,000. Finally, Optiver Holding B.V. bought a new position in Public Service Enterprise Group in the fourth quarter valued at $50,000. Institutional investors own 73.34% of the company's stock.

Insiders Place Their Bets

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,378 shares of Public Service Enterprise Group stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $79.26, for a total value of $109,220.28. Following the completion of the sale, the chief executive officer now owns 221,093 shares in the company, valued at $17,523,831.18. The trade was a 0.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.19% of the company's stock.

Public Service Enterprise Group Stock Performance

Shares of NYSE PEG traded up $1.43 during mid-day trading on Friday, reaching $80.98. 12,247,488 shares of the company were exchanged, compared to its average volume of 2,776,646. The company's 50-day simple moving average is $80.29 and its 200-day simple moving average is $83.65. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $40.41 billion, a P/E ratio of 19.90, a P/E/G ratio of 2.78 and a beta of 0.48. Public Service Enterprise Group Incorporated has a twelve month low of $71.89 and a twelve month high of $95.22.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $1.43. The company had revenue of $3.22 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.31 EPS. As a group, research analysts predict that Public Service Enterprise Group Incorporated will post 3.67 earnings per share 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. Shareholders of record on Monday, June 9th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Monday, June 9th. Public Service Enterprise Group's dividend payout ratio (DPR) is 68.85%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PEG shares. LADENBURG THALM/SH SH downgraded shares of Public Service Enterprise Group from a "buy" rating to a "neutral" rating and set a $82.50 target price for the company. in a research report on Wednesday, March 19th. Guggenheim decreased 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 research report on Thursday, May 1st. Bank of America decreased their target price on shares of Public Service Enterprise Group from $95.00 to $92.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Barclays decreased their price objective on shares of 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. Finally, Wall Street Zen downgraded shares of Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $89.63.

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.