Yaupon Capital Management LP Has $24.11 Million Position in Public Service Enterprise Group Incorporated (NYSE:PEG)

Yaupon Capital Management LP lifted its stake in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 111.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 285,363 shares of the utilities provider's stock after buying an additional 150,611 shares during the period. Public Service Enterprise Group makes up approximately 1.0% of Yaupon Capital Management LP's investment portfolio, making the stock its 27th biggest position. Yaupon Capital Management LP owned about 0.06% of Public Service Enterprise Group worth $24,110,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PEG. Stifel Financial Corp grew its holdings in shares of Public Service Enterprise Group by 8.3% during the 4th quarter. Stifel Financial Corp now owns 167,628 shares of the utilities provider's stock worth $14,163,000 after purchasing an additional 12,817 shares in the last quarter. State of Tennessee Department of Treasury grew its stake in Public Service Enterprise Group by 6.9% during the fourth quarter. State of Tennessee Department of Treasury now owns 212,816 shares of the utilities provider's stock worth $17,981,000 after buying an additional 13,802 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in Public Service Enterprise Group by 76.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,275 shares of the utilities provider's stock worth $192,000 after buying an additional 988 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Public Service Enterprise Group by 16.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 31,521 shares of the utilities provider's stock valued at $2,663,000 after buying an additional 4,403 shares during the period. Finally, Transce3nd LLC acquired a new position in shares of Public Service Enterprise Group in the 4th quarter valued at approximately $25,000. Institutional investors and hedge funds own 73.34% of the company's stock.

Insider Buying and Selling

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,378 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $82.88, for a total transaction of $114,208.64. Following the completion of the sale, the chief executive officer now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.19% of the stock is owned by insiders.

Public Service Enterprise Group Trading Down 0.9 %

Shares of NYSE:PEG traded down $0.73 during mid-day trading on Friday, reaching $80.99. 2,886,115 shares of the company's stock were exchanged, compared to its average volume of 2,717,634. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.48 and a current ratio of 0.68. Public Service Enterprise Group Incorporated has a twelve month low of $66.57 and a twelve month high of $95.22. The firm has a market capitalization of $40.38 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 2.78 and a beta of 0.52. The business's fifty day moving average price is $81.62 and its 200-day moving average price is $85.15.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The utilities provider reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.01. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the company posted $0.54 EPS. The business's revenue was down 5.4% on a year-over-year basis. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend 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 (DPR) is presently 71.19%.

Analyst Ratings Changes

PEG has been the topic of a number of recent analyst reports. StockNews.com raised shares of Public Service Enterprise Group from a "sell" rating to a "hold" rating in a research note on Wednesday, April 16th. LADENBURG THALM/SH SH downgraded Public Service Enterprise Group from a "buy" rating to a "neutral" rating and set a $82.50 price objective for the company. in a research report on Wednesday, March 19th. Wells Fargo & Company decreased their target price on 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. Morgan Stanley increased their target price on shares of Public Service Enterprise Group from $96.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Finally, Bank of America decreased their price target on shares of Public Service Enterprise Group from $95.00 to $92.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $89.35.

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.