Public Service Enterprise Group Incorporated (NYSE:PEG) Shares Bought by Natixis Advisors L.P.

Natixis Advisors L.P. raised its position in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 306,488 shares of the utilities provider's stock after buying an additional 18,195 shares during the quarter. Natixis Advisors L.P. owned about 0.06% of Public Service Enterprise Group worth $18,740,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PEG. Operose Advisors LLC grew its holdings in shares of Public Service Enterprise Group by 435.0% during the 3rd quarter. Operose Advisors LLC now owns 535 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 435 shares during the last quarter. Addison Advisors LLC bought a new stake in shares of Public Service Enterprise Group during the 4th quarter valued at approximately $31,000. CNB Bank bought a new stake in shares of Public Service Enterprise Group during the 3rd quarter valued at approximately $34,000. Bruce G. Allen Investments LLC bought a new stake in shares of Public Service Enterprise Group during the 4th quarter valued at approximately $36,000. Finally, Anchor Investment Management LLC bought a new stake in shares of Public Service Enterprise Group during the 4th quarter valued at approximately $37,000. 73.34% of the stock is owned by institutional investors.

Public Service Enterprise Group Trading Up 1.3 %

Shares of NYSE:PEG traded up $0.89 during trading on Monday, reaching $71.34. The stock had a trading volume of 2,061,921 shares, compared to its average volume of 2,884,931. The firm's fifty day moving average is $65.79 and its 200 day moving average is $62.71. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.62 and a current ratio of 0.79. Public Service Enterprise Group Incorporated has a 52 week low of $53.71 and a 52 week high of $71.41. The stock has a market cap of $35.53 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 3.08 and a beta of 0.56.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its earnings results on Tuesday, April 30th. The utilities provider reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.01). The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.99 billion. Public Service Enterprise Group had a return on equity of 11.10% and a net margin of 17.65%. The firm's revenue was down 26.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.39 earnings per share. As a group, equities analysts forecast that Public Service Enterprise Group Incorporated will post 3.66 EPS for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.40 annualized dividend and a yield of 3.36%. Public Service Enterprise Group's payout ratio is 66.48%.

Analyst Upgrades and Downgrades

PEG has been the topic of several research reports. Scotiabank decreased their price target on shares of Public Service Enterprise Group from $64.00 to $62.00 and set a "sector perform" rating on the stock in a report on Monday, April 22nd. TheStreet upgraded shares of Public Service Enterprise Group from a "c+" rating to a "b-" rating in a research report on Wednesday, March 6th. Wells Fargo & Company lifted their target price on shares of Public Service Enterprise Group from $68.00 to $70.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 19th. BMO Capital Markets cut their target price on shares of Public Service Enterprise Group from $64.00 to $63.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 27th. Finally, Barclays lifted their target price on shares of Public Service Enterprise Group from $68.00 to $71.00 and gave the stock an "overweight" rating in a research report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.15.

Insiders Place Their Bets

In other news, SVP Richard T. Thigpen sold 4,800 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $64.18, for a total value of $308,064.00. Following the completion of the sale, the senior vice president now owns 31,122 shares in the company, valued at $1,997,409.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Richard T. Thigpen sold 4,800 shares of the firm's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $64.18, for a total transaction of $308,064.00. Following the completion of the sale, the senior vice president now owns 31,122 shares in the company, valued at $1,997,409.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ralph A. Larossa sold 1,374 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $66.37, for a total transaction of $91,192.38. Following the transaction, the chief executive officer now owns 152,347 shares of the company's stock, valued at approximately $10,111,270.39. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,322 shares of company stock worth $607,376. Insiders own 0.18% of the company's stock.

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.