Sentry Investment Management LLC Has $171,000 Stock Position in Public Service Enterprise Group Incorporated (NYSE:PEG)

Sentry Investment Management LLC lowered its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 14.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,020 shares of the utilities provider’s stock after selling 329 shares during the quarter. Sentry Investment Management LLC’s holdings in Public Service Enterprise Group were worth $171,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. IFP Advisors Inc raised its stake in Public Service Enterprise Group by 14.3% during the 4th quarter. IFP Advisors Inc now owns 17,341 shares of the utilities provider’s stock valued at $1,465,000 after purchasing an additional 2,171 shares during the period. RWC Asset Management LLP lifted its stake in Public Service Enterprise Group by 230.0% in the 4th quarter. RWC Asset Management LLP now owns 219,967 shares of the utilities provider’s stock worth $18,585,000 after acquiring an additional 153,318 shares in the last quarter. Colonial River Investments LLC boosted its position in Public Service Enterprise Group by 5.4% during the 4th quarter. Colonial River Investments LLC now owns 7,497 shares of the utilities provider’s stock worth $633,000 after acquiring an additional 386 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Public Service Enterprise Group during the 4th quarter valued at about $4,925,000. Finally, Delta Financial Group Inc. acquired a new position in shares of Public Service Enterprise Group in the 4th quarter valued at about $1,590,000. Institutional investors and hedge funds own 73.34% of the company’s stock.

Insider Activity at Public Service Enterprise Group

In other news, CEO Ralph A. Larossa sold 1,378 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $84.91, for a total transaction of $117,005.98. Following the completion of the transaction, the chief executive officer now directly owns 144,212 shares in the company, valued at $12,245,040.92. The trade was a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.57% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PEG. UBS Group boosted their price target on shares of Public Service Enterprise Group from $94.00 to $98.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Scotiabank raised their price target on Public Service Enterprise Group from $73.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Guggenheim reissued a “buy” rating on shares of Public Service Enterprise Group in a research note on Wednesday, December 11th. Finally, Barclays downgraded Public Service Enterprise Group from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $88.00 to $84.00 in a report on Monday, January 27th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $88.83.

Public Service Enterprise Group Stock Down 1.3 %

Shares of Public Service Enterprise Group stock opened at $83.23 on Wednesday. Public Service Enterprise Group Incorporated has a 12-month low of $59.29 and a 12-month high of $95.22. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 1.18. The stock has a 50 day moving average price of $84.91 and a two-hundred day moving average price of $86.05. The stock has a market capitalization of $41.47 billion, a P/E ratio of 20.45, a PEG ratio of 2.78 and a beta of 0.64.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings data on Tuesday, February 25th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.01. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the firm earned $0.54 EPS. Public Service Enterprise Group’s quarterly revenue was down 5.4% compared to the same quarter last year. Equities analysts expect that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current year.

Public Service Enterprise Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Monday, March 10th. This is a boost from Public Service Enterprise Group’s previous quarterly dividend of $0.60. Public Service Enterprise Group’s payout ratio is currently 61.92%.

Public Service Enterprise Group Profile

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.