Public Service Enterprise Group Incorporated (NYSE:PEG) Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 392,791 shares of the utilities provider's stock after acquiring an additional 4,493 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Public Service Enterprise Group worth $32,327,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of PEG. Centre Asset Management LLC boosted its stake in shares of Public Service Enterprise Group by 3.2% during the 1st quarter. Centre Asset Management LLC now owns 3,933 shares of the utilities provider's stock worth $324,000 after acquiring an additional 121 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in 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 purchasing an additional 130 shares in the last quarter. Apella Capital LLC grew its holdings in Public Service Enterprise Group by 2.7% in the first quarter. Apella Capital LLC now owns 5,418 shares of the utilities provider's stock valued at $443,000 after purchasing an additional 144 shares during the period. Net Worth Advisory Group increased its position in shares of Public Service Enterprise Group by 5.6% in the first quarter. Net Worth Advisory Group now owns 2,809 shares of the utilities provider's stock valued at $231,000 after buying an additional 148 shares in the last quarter. Finally, HM Payson & Co. increased its position in shares of Public Service Enterprise Group by 4.5% in the first quarter. HM Payson & Co. now owns 3,635 shares of the utilities provider's stock valued at $299,000 after buying an additional 158 shares in the last quarter. 73.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Ralph A. Larossa sold 1,387 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $83.12, for a total transaction of $115,287.44. Following the completion of the transaction, the chief executive officer directly owned 218,328 shares in the company, valued at approximately $18,147,423.36. This represents a 0.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is owned by corporate insiders.

Public Service Enterprise Group Price Performance

Shares of NYSE:PEG traded up $0.73 during midday trading on Friday, hitting $87.66. The company had a trading volume of 1,917,995 shares, compared to its average volume of 2,360,661. Public Service Enterprise Group Incorporated has a twelve month low of $74.20 and a twelve month high of $95.22. The stock has a market cap of $43.74 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 3.14 and a beta of 0.48. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.82 and a quick ratio of 0.65. The business's 50-day simple moving average is $81.79 and its 200-day simple moving average is $82.10.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued 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. Public Service Enterprise Group had a return on equity of 11.80% and a net margin of 17.01%. The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period last year, the company earned $1.31 EPS. The company's revenue for the quarter was up 16.7% on a year-over-year basis. On average, research analysts predict that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current year.

Public Service Enterprise Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th will be given a $0.63 dividend. The ex-dividend date is Tuesday, September 9th. This represents a $2.52 dividend on an annualized basis and a yield of 2.87%. Public Service Enterprise Group's dividend payout ratio is currently 68.85%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PEG shares. Guggenheim dropped 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. Morgan Stanley dropped their target price on shares of Public Service Enterprise Group from $101.00 to $100.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 18th. UBS Group upped their price target on shares of Public Service Enterprise Group from $97.00 to $103.00 and gave the stock a "buy" rating in a research report on Friday. BMO Capital Markets raised their price target on shares of Public Service Enterprise Group from $83.00 to $84.00 and gave the company a "market perform" rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen lowered Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research note on Sunday, July 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $90.50.

Public Service Enterprise Group Company 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.