Silver Oak Securities Incorporated Has $207,000 Stock Holdings in Public Service Enterprise Group Incorporated (NYSE:PEG)

Silver Oak Securities Incorporated lessened its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 58.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,540 shares of the utilities provider's stock after selling 3,555 shares during the period. Silver Oak Securities Incorporated's holdings in Public Service Enterprise Group were worth $207,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Calamos Advisors LLC increased its holdings in shares of Public Service Enterprise Group by 1.1% during the first quarter. Calamos Advisors LLC now owns 139,111 shares of the utilities provider's stock worth $11,449,000 after buying an additional 1,549 shares in the last quarter. Sterling Financial Planning Inc. acquired a new stake in shares of Public Service Enterprise Group during the first quarter worth approximately $283,000. Checchi Capital Advisers LLC increased its holdings in shares of Public Service Enterprise Group by 3.4% during the first quarter. Checchi Capital Advisers LLC now owns 7,629 shares of the utilities provider's stock worth $628,000 after buying an additional 251 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Public Service Enterprise Group by 0.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 42,803 shares of the utilities provider's stock worth $3,523,000 after buying an additional 130 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of Public Service Enterprise Group by 226.6% during the first quarter. Teacher Retirement System of Texas now owns 95,959 shares of the utilities provider's stock worth $7,897,000 after buying an additional 66,575 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company's stock.

Insider Buying and Selling

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,387 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $83.12, for a total transaction of $115,287.44. Following the transaction, the chief executive officer owned 218,328 shares in the company, valued at $18,147,423.36. This represents a 0.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.19% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PEG. 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. LADENBURG THALM/SH SH cut 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 note on Wednesday, March 19th. Guggenheim decreased their price target on shares of 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. Barclays lowered their target price on shares of Public Service Enterprise Group from $84.00 to $83.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, BMO Capital Markets lowered their target price on shares of Public Service Enterprise Group from $86.00 to $83.00 and set a "market perform" rating for the company in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $89.46.

Public Service Enterprise Group Trading Up 1.4%

PEG opened at $82.30 on Tuesday. The stock has a market capitalization of $41.07 billion, a P/E ratio of 22.49, a P/E/G ratio of 2.91 and a beta of 0.48. Public Service Enterprise Group Incorporated has a 12 month low of $73.72 and a 12 month high of $95.22. The firm's fifty day simple moving average is $80.46 and its 200 day simple moving average is $82.22. 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 issued its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $1.43 EPS for the quarter, hitting the consensus estimate of $1.43. Public Service Enterprise Group had a net margin of 17.01% and a return on equity of 11.80%. The firm had revenue of $3.22 billion for the quarter, compared to analysts' expectations of $3.15 billion. During the same period in the previous year, the firm posted $1.31 EPS. The company's revenue for the quarter was up 16.7% on a year-over-year basis. As a group, research analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 9th were paid a $0.63 dividend. The ex-dividend date was Monday, June 9th. This represents a $2.52 dividend on an annualized basis and a yield of 3.06%. Public Service Enterprise Group's dividend payout ratio (DPR) is currently 68.85%.

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.

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