Public Service Enterprise Group Incorporated (NYSE:PEG) Stock Position Increased by Aurora Private Wealth Inc.

Aurora Private Wealth Inc. increased its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 2,415.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,475 shares of the utilities provider's stock after purchasing an additional 206,909 shares during the period. Public Service Enterprise Group makes up 0.5% of Aurora Private Wealth Inc.'s holdings, making the stock its 29th biggest position. Aurora Private Wealth Inc.'s holdings in Public Service Enterprise Group were worth $17,734,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Transce3nd LLC acquired a new position in shares of Public Service Enterprise Group during the 4th quarter worth approximately $25,000. Chapman Financial Group LLC purchased a new position in Public Service Enterprise Group during the fourth quarter valued at $25,000. REAP Financial Group LLC lifted its holdings in Public Service Enterprise Group by 105.9% during the fourth quarter. REAP Financial Group LLC now owns 315 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 162 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Public Service Enterprise Group in the fourth quarter valued at about $39,000. Finally, Optiver Holding B.V. purchased a new stake in shares of Public Service Enterprise Group during the fourth quarter worth about $50,000. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Ralph A. Larossa sold 1,378 shares of the company's 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 sale, the chief executive officer now directly owns 221,093 shares in the company, valued at $17,523,831.18. This represents a 0.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.19% of the stock is owned by corporate insiders.

Public Service Enterprise Group Stock Performance

Shares of Public Service Enterprise Group stock traded up $0.32 during trading on Thursday, reaching $83.07. The company's stock had a trading volume of 2,383,728 shares, compared to its average volume of 2,802,396. The company has a 50-day moving average price of $80.33 and a two-hundred day moving average price of $82.43. Public Service Enterprise Group Incorporated has a fifty-two week low of $72.82 and a fifty-two week high of $95.22. The firm has a market cap of $41.45 billion, a PE ratio of 22.70, a P/E/G ratio of 2.97 and a beta of 0.48. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 1.25.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $1.43 earnings per share for the quarter, meeting analysts' consensus estimates of $1.43. The firm 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 17.01% and a return on equity of 11.80%. Public Service Enterprise Group's quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the firm posted $1.31 EPS. On average, analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be given 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 3.03%. Public Service Enterprise Group's dividend payout ratio (DPR) is presently 68.85%.

Analyst Ratings Changes

Several research firms have recently weighed in on PEG. Evercore ISI decreased their target price on Public Service Enterprise Group from $99.00 to $92.00 and set an "outperform" rating on the stock in a research 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. Wells Fargo & Company dropped their target price on shares of Public Service Enterprise Group from $100.00 to $95.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. LADENBURG THALM/SH SH lowered shares of Public Service Enterprise Group from a "buy" rating to a "neutral" rating and set a $82.50 price target on the stock. in a research report on Wednesday, March 19th. Finally, Wall Street Zen cut shares of Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st. One equities 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 a consensus rating of "Hold" and a consensus price target of $89.54.

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.