Public Service Enterprise Group Inc. (NYSE:PEG) COO Ralph A. Larossa sold 24,021 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $43.55, for a total transaction of $1,046,114.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Public Service Enterprise Group Inc. (NYSE:PEG) traded up 0.53% during trading on Friday, reaching $44.02. 2,831,674 shares of the company’s stock traded hands. Public Service Enterprise Group Inc. has a one year low of $39.28 and a one year high of $46.81. The stock has a market cap of $22.27 billion, a P/E ratio of 42.33 and a beta of 0.33. The firm’s 50 day moving average price is $44.17 and its 200-day moving average price is $43.49.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings results on Friday, April 28th. The utilities provider reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.08. Public Service Enterprise Group had a net margin of 13.99% and a return on equity of 10.91%. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the company posted $0.91 EPS. On average, equities analysts anticipate that Public Service Enterprise Group Inc. will post $2.90 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Public Service Enterprise Group (NYSE:PEG)

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be paid a dividend of $0.43 per share. The ex-dividend date is Wednesday, June 7th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.93%. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 64.57%.

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Several institutional investors have recently bought and sold shares of PEG. Bronfman E.L. Rothschild L.P. boosted its position in Public Service Enterprise Group by 19.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,314 shares of the utilities provider’s stock worth $103,000 after buying an additional 381 shares during the period. Mascoma Wealth Management LLC bought a new position in Public Service Enterprise Group during the fourth quarter worth $110,000. Parallel Advisors LLC bought a new position in Public Service Enterprise Group during the fourth quarter worth $114,000. Kistler Tiffany Companies LLC boosted its position in Public Service Enterprise Group by 3.8% in the first quarter. Kistler Tiffany Companies LLC now owns 2,684 shares of the utilities provider’s stock worth $119,000 after buying an additional 99 shares during the period. Finally, TLP Group LLC bought a new position in Public Service Enterprise Group during the third quarter worth $120,000. 63.26% of the stock is currently owned by institutional investors and hedge funds.

PEG has been the topic of several analyst reports. Barclays PLC raised their price target on shares of Public Service Enterprise Group from $46.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, January 20th. Wells Fargo & Co lowered shares of Public Service Enterprise Group from an “outperform” rating to a “market perform” rating in a research report on Monday, February 27th. Jefferies Group LLC restated a “hold” rating and set a $46.50 price target (up previously from $43.50) on shares of Public Service Enterprise Group in a research report on Monday, February 27th. Royal Bank of Canada dropped their price target on shares of Public Service Enterprise Group from $48.00 to $47.00 and set a “sector perform” rating on the stock in a research report on Friday, March 10th. Finally, Deutsche Bank AG dropped their price target on shares of Public Service Enterprise Group from $49.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $46.36.

About Public Service Enterprise Group

Public Service Enterprise Group Incorporated (PSEG) is a holding company. The Company is an energy company with operations located primarily in the Northeastern and Mid-Atlantic United States. The Company’s segments include Public Service Electric and Gas Company (PSE&G), PSEG Power LLC (Power) and Other.

5 Day Chart for NYSE:PEG

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