Public Service Enterprise Group Incorporated (NYSE:PEG) COO Ralph A. Larossa sold 33,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $50.12, for a total transaction of $1,653,960.00. Following the sale, the chief operating officer now directly owns 81,241 shares of the company’s stock, valued at approximately $4,071,798.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Public Service Enterprise Group Incorporated (NYSE PEG) traded up $0.11 during trading hours on Monday, reaching $50.38. The company’s stock had a trading volume of 3,589,900 shares, compared to its average volume of 2,740,350. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 0.86. Public Service Enterprise Group Incorporated has a fifty-two week low of $39.28 and a fifty-two week high of $50.56. The company has a market cap of $25,760.00, a PE ratio of 17.37, a PEG ratio of 6.59 and a beta of 0.39.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.02). Public Service Enterprise Group had a net margin of 5.73% and a return on equity of 11.33%. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter last year, the business posted $0.88 earnings per share. Public Service Enterprise Group’s revenue was down 7.6% on a year-over-year basis. equities research analysts forecast that Public Service Enterprise Group Incorporated will post 2.92 earnings per share for the current year.

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A number of analysts have weighed in on PEG shares. BidaskClub raised shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Morgan Stanley raised their price objective on shares of Public Service Enterprise Group from $51.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Zacks Investment Research raised shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Tuesday, August 1st. Mizuho upgraded Public Service Enterprise Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $44.50 to $50.00 in a report on Friday, August 11th. Finally, J P Morgan Chase & Co increased their target price on Public Service Enterprise Group from $49.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Public Service Enterprise Group presently 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 business. Commerzbank Aktiengesellschaft FI bought a new position in Public Service Enterprise Group during the 3rd quarter valued at $340,000. Shufro Rose & Co. LLC lifted its stake in Public Service Enterprise Group by 15.9% during the 3rd quarter. Shufro Rose & Co. LLC now owns 19,892 shares of the utilities provider’s stock valued at $920,000 after acquiring an additional 2,726 shares in the last quarter. Welch & Forbes LLC raised its stake in shares of Public Service Enterprise Group by 23.5% during the 3rd quarter. Welch & Forbes LLC now owns 6,712 shares of the utilities provider’s stock worth $310,000 after purchasing an additional 1,276 shares during the period. KBC Group NV raised its stake in shares of Public Service Enterprise Group by 19.1% during the 3rd quarter. KBC Group NV now owns 64,546 shares of the utilities provider’s stock worth $2,985,000 after purchasing an additional 10,355 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Public Service Enterprise Group by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 916,445 shares of the utilities provider’s stock worth $42,384,000 after purchasing an additional 5,299 shares during the period. Institutional investors and hedge funds own 65.03% of the company’s stock.

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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