Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Public Service Enterprise Group Incorporated (NYSE:PEG)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 388,298 shares of the utilities provider's stock, valued at approximately $32,807,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Public Service Enterprise Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. REAP Financial Group LLC lifted its position in Public Service Enterprise Group by 105.9% in the fourth quarter. REAP Financial Group LLC now owns 315 shares of the utilities provider's stock valued at $27,000 after buying an additional 162 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in Public Service Enterprise Group in the fourth quarter valued at about $1,690,000. LifeWealth Investments LLC acquired a new position in Public Service Enterprise Group in the fourth quarter valued at about $342,000. Integrated Advisors Network LLC lifted its position in Public Service Enterprise Group by 5.2% in the fourth quarter. Integrated Advisors Network LLC now owns 7,790 shares of the utilities provider's stock valued at $658,000 after buying an additional 383 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in Public Service Enterprise Group by 17.8% in the fourth quarter. Mackenzie Financial Corp now owns 61,691 shares of the utilities provider's stock valued at $5,212,000 after buying an additional 9,305 shares during the last quarter. Institutional investors and hedge funds own 73.34% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. 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 on the stock in a research report on Monday, March 3rd. LADENBURG THALM/SH SH cut shares of Public Service Enterprise Group from a "buy" rating to a "neutral" rating and set a $82.50 target price on the stock. in a research report on Wednesday, March 19th. Wells Fargo & Company decreased their target price on shares of Public Service Enterprise Group from $100.00 to $95.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Evercore ISI reduced 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 report on Thursday, May 1st. Finally, Barclays reduced their price target on shares of Public Service Enterprise Group from $84.00 to $83.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $89.63.

Insiders Place Their Bets

In other news, CEO Ralph A. Larossa sold 1,378 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $82.88, for a total value of $114,208.64. Following the completion of the sale, the chief executive officer now owns 221,670 shares in the company, valued at $18,372,009.60. This represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.19% of the stock is currently owned by insiders.

Public Service Enterprise Group Stock Up 1.8%

Public Service Enterprise Group stock traded up $1.43 during midday trading on Friday, hitting $80.98. 12,247,488 shares of the company were exchanged, compared to its average volume of 2,790,131. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.68 and a quick ratio of 0.48. Public Service Enterprise Group Incorporated has a fifty-two week low of $71.89 and a fifty-two week high of $95.22. The company's fifty day moving average price is $80.31 and its 200-day moving average price is $83.71. The company has a market cap of $40.41 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 2.78 and a beta of 0.48.

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 (EPS) for the quarter, hitting the consensus estimate of $1.43. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the previous year, the business earned $1.31 EPS. Public Service Enterprise Group's revenue for the quarter was up 16.7% compared to the same quarter last year. On average, research analysts predict that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $2.52 dividend on an annualized basis and a yield of 3.11%. Public Service Enterprise Group's dividend payout ratio (DPR) is presently 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.