Public Service Enterprise Group Incorporated (NYSE:PEG) Holdings Raised by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp grew its stake in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 20.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,774 shares of the utilities provider's stock after acquiring an additional 3,504 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Public Service Enterprise Group were worth $1,755,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PEG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Public Service Enterprise Group by 37.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,350 shares of the utilities provider's stock worth $5,352,000 after purchasing an additional 17,388 shares during the period. Lionshead Wealth Management LLC acquired a new position in Public Service Enterprise Group in the fourth quarter valued at approximately $4,450,000. Jacobs Levy Equity Management Inc. grew its position in Public Service Enterprise Group by 13.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 430,164 shares of the utilities provider's stock worth $36,345,000 after acquiring an additional 49,332 shares during the period. Jefferies Financial Group Inc. acquired a new stake in Public Service Enterprise Group during the fourth quarter worth $1,690,000. Finally, Focus Partners Wealth raised its position in Public Service Enterprise Group by 97.1% in the fourth quarter. Focus Partners Wealth now owns 32,237 shares of the utilities provider's stock valued at $2,728,000 after purchasing an additional 15,885 shares during the period. Hedge funds and other institutional investors own 73.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on PEG shares. Morgan Stanley increased their price target on Public Service Enterprise Group from $96.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Guggenheim dropped their price target on shares of Public Service Enterprise Group from $98.00 to $94.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. StockNews.com lowered shares of Public Service Enterprise Group from a "hold" rating to a "sell" rating in a report on Thursday, May 1st. Evercore ISI dropped their target price on shares of Public Service Enterprise Group from $99.00 to $92.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Finally, BMO Capital Markets cut their target price on Public Service Enterprise Group from $86.00 to $83.00 and set a "market perform" rating on the stock in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $88.81.

Insider Activity

In related news, CEO Ralph A. Larossa sold 1,378 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $79.26, for a total value of $109,220.28. Following the sale, the chief executive officer now directly owns 221,093 shares in the company, valued at $17,523,831.18. The trade was a 0.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.19% of the company's stock.

Public Service Enterprise Group Stock Performance

Shares of NYSE PEG traded up $0.47 during midday trading on Monday, hitting $79.76. 3,010,178 shares of the company's stock were exchanged, compared to its average volume of 2,736,536. Public Service Enterprise Group Incorporated has a twelve month low of $71.89 and a twelve month high of $95.22. The firm has a market cap of $39.80 billion, a P/E ratio of 19.60, a PEG ratio of 2.78 and a beta of 0.48. The stock's 50 day moving average price is $80.87 and its 200-day moving average price is $84.08. 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 (NYSE:PEG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.43. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The firm had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the company posted $1.31 EPS. The firm's quarterly revenue was up 16.7% on a year-over-year basis. Equities research analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current 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 issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Monday, June 9th. Public Service Enterprise Group's payout ratio is 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.