Vise Technologies Inc. Acquires New Shares in Public Service Enterprise Group Incorporated (NYSE:PEG)

Vise Technologies Inc. acquired a new stake in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,487 shares of the utilities provider's stock, valued at approximately $379,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Transce3nd LLC bought a new stake in Public Service Enterprise Group in the fourth quarter valued at approximately $25,000. Chapman Financial Group LLC acquired a new position in shares of Public Service Enterprise Group in the fourth quarter valued at approximately $25,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Public Service Enterprise Group in the fourth quarter valued at approximately $35,000. OFI Invest Asset Management acquired a new position in shares of Public Service Enterprise Group in the fourth quarter valued at approximately $39,000. Finally, Optiver Holding B.V. acquired a new position in shares of Public Service Enterprise Group in the fourth quarter valued at approximately $50,000. Institutional investors own 73.34% of the company's stock.

Public Service Enterprise Group Price Performance

Public Service Enterprise Group stock traded up $1.43 during mid-day trading on Friday, reaching $80.98. 12,247,488 shares of the company were exchanged, compared to its average volume of 2,776,646. The company has a fifty day simple moving average of $80.29 and a 200-day simple moving average of $83.65. Public Service Enterprise Group Incorporated has a 12 month low of $71.89 and a 12 month 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 firm has a market cap of $40.41 billion, a PE ratio of 19.90, a PEG ratio of 2.78 and a beta of 0.48.

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 for the quarter, meeting analysts' consensus estimates of $1.43. The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.15 billion. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The company's revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.31 EPS. As a group, equities research analysts expect that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Monday, June 9th. Public Service Enterprise Group's dividend payout ratio is presently 68.85%.

Insider Buying and Selling at Public Service Enterprise Group

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

Analysts Set New Price Targets

PEG has been the topic of several research reports. 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. Wall Street Zen downgraded Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st. LADENBURG THALM/SH SH downgraded 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. Bank of America decreased their target price on 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. Finally, Barclays decreased their target price on 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 equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $89.63.

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.