Toronto Dominion Bank Has $23.38 Million Stock Position in Public Service Enterprise Group Incorporated (NYSE:PEG)

Toronto Dominion Bank boosted its stake in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 25.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,773 shares of the utilities provider's stock after acquiring an additional 56,273 shares during the period. Toronto Dominion Bank owned 0.06% of Public Service Enterprise Group worth $23,384,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PEG. Transce3nd LLC bought a new stake in shares of Public Service Enterprise Group in the 4th quarter worth about $25,000. Chapman Financial Group LLC acquired a new position in Public Service Enterprise Group in the fourth quarter worth about $25,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Public Service Enterprise Group in the 4th quarter worth approximately $35,000. OFI Invest Asset Management acquired a new stake in shares of Public Service Enterprise Group during the 4th quarter valued at approximately $39,000. Finally, Optiver Holding B.V. bought a new position in Public Service Enterprise Group during the fourth quarter worth $50,000. 73.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Ralph A. Larossa sold 1,378 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were 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 owns 221,670 shares in the company, valued at approximately $18,372,009.60. This trade represents a 0.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on PEG. 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 research note on Thursday, April 10th. Bank of America lowered their price target 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. 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. LADENBURG THALM/SH SH lowered 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 note on Wednesday, March 19th. Finally, Evercore ISI dropped their price target on shares of Public Service Enterprise Group from $99.00 to $92.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $88.88.

Public Service Enterprise Group Price Performance

Shares of Public Service Enterprise Group stock traded down $0.55 on Thursday, hitting $77.34. The company had a trading volume of 3,148,687 shares, compared to its average volume of 2,748,246. Public Service Enterprise Group Incorporated has a 52 week low of $71.89 and a 52 week high of $95.22. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.68 and a quick ratio of 0.48. The company has a market cap of $38.59 billion, a PE ratio of 19.00, a PEG ratio of 2.78 and a beta of 0.48. The business has a 50-day simple moving average of $80.80 and a 200-day simple moving average of $83.95.

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

Public Service Enterprise Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $2.52 annualized dividend and a yield of 3.26%. Public Service Enterprise Group's dividend payout ratio is currently 68.85%.

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.