Public Service Enterprise Group Incorporated (NYSE:PEG) Chairman Ralph Izzo sold 20,833 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $46.50, for a total value of $968,734.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Ralph Izzo also recently made the following trade(s):

  • On Tuesday, August 1st, Ralph Izzo sold 23,400 shares of Public Service Enterprise Group stock. The stock was sold at an average price of $45.23, for a total value of $1,058,382.00.

Shares of Public Service Enterprise Group Incorporated (NYSE PEG) traded up 1.60% on Wednesday, reaching $46.99. The company had a trading volume of 1,888,547 shares. The company has a 50 day moving average of $46.39 and a 200-day moving average of $44.76. The company has a market capitalization of $23.77 billion, a P/E ratio of 52.80 and a beta of 0.38. Public Service Enterprise Group Incorporated has a 52 week low of $39.28 and a 52 week high of $47.47.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.05. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.33 billion. Public Service Enterprise Group had a return on equity of 11.46% and a net margin of 4.88%. During the same period in the previous year, the business earned $0.57 EPS. Analysts predict that Public Service Enterprise Group Incorporated will post $2.92 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Thursday, September 7th. Public Service Enterprise Group’s dividend payout ratio (DPR) is 193.26%.

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PEG has been the subject of a number of analyst reports. BidaskClub upgraded Public Service Enterprise Group from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Wednesday, September 20th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Public Service Enterprise Group in a research note on Tuesday, June 27th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Public Service Enterprise Group presently has an average rating of “Buy” and a consensus target price of $49.13.

Hedge funds and other institutional investors have recently made changes to their positions in the business. KBC Group NV lifted its holdings in Public Service Enterprise Group by 1.2% during the 2nd quarter. KBC Group NV now owns 54,191 shares of the utilities provider’s stock worth $2,331,000 after buying an additional 617 shares during the last quarter. FMR LLC lifted its holdings in Public Service Enterprise Group by 1.9% during the 1st quarter. FMR LLC now owns 2,166,576 shares of the utilities provider’s stock worth $96,088,000 after buying an additional 40,125 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Public Service Enterprise Group by 4.1% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 134,336 shares of the utilities provider’s stock worth $5,778,000 after buying an additional 5,263 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Public Service Enterprise Group by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 35,042,083 shares of the utilities provider’s stock worth $1,554,116,000 after buying an additional 1,144,077 shares during the last quarter. Finally, Airain ltd purchased a new stake in Public Service Enterprise Group during the 2nd quarter worth about $5,205,000. 65.88% of the stock is owned by institutional investors.

Public Service Enterprise Group Company Profile

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.

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

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