Public Service Enterprise Group Incorporated (PEG) Chairman Sells $1,067,691.25 in Stock

Public Service Enterprise Group Incorporated (NYSE:PEG) Chairman Ralph Izzo sold 20,833 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $51.25, for a total transaction of $1,067,691.25. Following the completion of the transaction, the chairman now owns 645,934 shares of the company’s stock, valued at $33,104,117.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Friday, December 1st, Ralph Izzo sold 20,833 shares of Public Service Enterprise Group stock. The shares were sold at an average price of $52.90, for a total transaction of $1,102,065.70.
  • On Wednesday, November 1st, Ralph Izzo sold 60,793 shares of Public Service Enterprise Group stock. The shares were sold at an average price of $49.70, for a total transaction of $3,021,412.10.
  • On Thursday, October 26th, Ralph Izzo sold 6,427 shares of Public Service Enterprise Group stock. The shares were sold at an average price of $49.45, for a total transaction of $317,815.15.
  • On Friday, October 13th, Ralph Izzo sold 39,960 shares of Public Service Enterprise Group stock. The shares were sold at an average price of $49.20, for a total transaction 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 transaction of $3,902,493.60.

Public Service Enterprise Group Incorporated (NYSE:PEG) traded down $0.26 during mid-day trading on Wednesday, reaching $50.74. 2,553,693 shares of the company traded hands, compared to its average volume of 2,776,597. Public Service Enterprise Group Incorporated has a fifty-two week low of $41.67 and a fifty-two week high of $53.28. The firm has a market capitalization of $25,680.00, a price-to-earnings ratio of 49.75, a PEG ratio of 6.29 and a beta of 0.41. 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 (NYSE:PEG) last issued its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.02). The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Public Service Enterprise Group had a net margin of 5.73% and a return on equity of 11.33%. The firm’s revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 EPS. equities analysts forecast that Public Service Enterprise Group Incorporated will post 2.93 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were given a $0.43 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.72 annualized dividend and a dividend yield of 3.39%. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 168.63%.

Several research analysts have recently issued reports on PEG shares. Morgan Stanley increased their price objective on shares of Public Service Enterprise Group from $51.00 to $53.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. JPMorgan Chase & Co. increased their price objective on shares of Public Service Enterprise Group from $49.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. Zacks Investment Research raised shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Thursday, September 14th. Royal Bank of Canada reissued 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. Finally, Argus increased their target price on shares of Public Service Enterprise Group from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $51.32.

Several large investors have recently modified their holdings of PEG. Grove Bank & Trust lifted its position in shares of Public Service Enterprise Group by 209.4% in the 3rd quarter. Grove Bank & Trust now owns 2,274 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 1,539 shares in the last quarter. Vantage Investment Advisors LLC lifted its position in shares of Public Service Enterprise Group by 35.3% in the 2nd quarter. Vantage Investment Advisors LLC now owns 2,685 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 700 shares in the last quarter. IHT Wealth Management LLC lifted its position in shares of Public Service Enterprise Group by 45.9% in the 2nd quarter. IHT Wealth Management LLC now owns 642 shares of the utilities provider’s stock valued at $131,000 after acquiring an additional 202 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its position in shares of Public Service Enterprise Group by 13.8% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,489 shares of the utilities provider’s stock valued at $149,000 after acquiring an additional 424 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its position in shares of Public Service Enterprise Group by 66.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,854 shares of the utilities provider’s stock valued at $166,000 after acquiring an additional 1,540 shares in the last quarter. Institutional investors and hedge funds own 66.65% of the company’s stock.

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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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