Public Service Enterprise Group Incorporated (NYSE:PEG) Chairman Ralph Izzo sold 60,793 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $49.70, for a total value of $3,021,412.10. Following the completion of the transaction, the chairman now owns 748,778 shares of the company’s stock, valued at approximately $37,214,266.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Thursday, October 26th, Ralph Izzo sold 6,427 shares of Public Service Enterprise Group stock. The stock was sold at an average price of $49.45, for a total value of $317,815.15.
  • On Friday, October 13th, Ralph Izzo sold 39,960 shares of Public Service Enterprise Group stock. The stock was sold at an average price of $49.20, for a total value of $1,966,032.00.
  • On Thursday, October 12th, Ralph Izzo sold 79,920 shares of Public Service Enterprise Group stock. The shares were sold at an average price of $48.83, for a total value of $3,902,493.60.
  • On Monday, October 2nd, Ralph Izzo sold 20,833 shares of Public Service Enterprise Group stock. The shares were sold at an average price of $46.50, for a total value of $968,734.50.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Tuesday, October 31st. The utilities provider reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.62 billion. Public Service Enterprise Group had a return on equity of 11.35% and a net margin of 5.73%. Public Service Enterprise Group’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS.

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Several research firms have recently commented on PEG. Zacks Investment Research cut Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and set a $46.50 target price on shares of Public Service Enterprise Group in a research note on Thursday, October 12th. Barclays PLC upgraded Public Service Enterprise Group from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $49.00 to $51.00 in a research note on Friday, September 22nd. Morgan Stanley increased their target price on Public Service Enterprise Group from $50.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $47.00 target price on shares of Public Service Enterprise Group in a research note on Tuesday, October 10th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $50.42.

A number of large investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund grew its position in Public Service Enterprise Group by 1.8% during the third quarter. Oregon Public Employees Retirement Fund now owns 191,449 shares of the utilities provider’s stock worth $8,855,000 after buying an additional 3,340 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Public Service Enterprise Group by 7.1% during the third quarter. Daiwa Securities Group Inc. now owns 15,476 shares of the utilities provider’s stock worth $716,000 after buying an additional 1,026 shares in the last quarter. State of Wisconsin Investment Board grew its position in Public Service Enterprise Group by 4.1% during the third quarter. State of Wisconsin Investment Board now owns 700,789 shares of the utilities provider’s stock worth $32,411,000 after buying an additional 27,345 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its position in Public Service Enterprise Group by 1.6% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 83,417 shares of the utilities provider’s stock worth $3,858,000 after buying an additional 1,300 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Public Service Enterprise Group by 4.1% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 76,179 shares of the utilities provider’s stock worth $3,523,000 after buying an additional 2,977 shares in the last quarter. 64.85% of the stock is currently owned by institutional investors and hedge funds.

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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