Bowman & Co S.C. Has $960,000 Holdings in Public Service Enterprise Group Incorporated (NYSE:PEG)

Bowman & Co S.C. boosted its stake in Public Service Enterprise Group Incorporated (NYSE:PEG) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,362 shares of the utilities provider’s stock after purchasing an additional 609 shares during the period. Bowman & Co S.C.’s holdings in Public Service Enterprise Group were worth $960,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PEG. Dimensional Fund Advisors LP increased its stake in shares of Public Service Enterprise Group by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,734,257 shares of the utilities provider’s stock valued at $127,809,000 after buying an additional 163,333 shares during the period. Blair William & Co. IL boosted its holdings in Public Service Enterprise Group by 33.8% in the second quarter. Blair William & Co. IL now owns 18,004 shares of the utilities provider’s stock valued at $1,327,000 after acquiring an additional 4,546 shares during the last quarter. Seven Eight Capital LP bought a new position in Public Service Enterprise Group during the 2nd quarter worth approximately $214,000. Intech Investment Management LLC lifted its position in shares of Public Service Enterprise Group by 8.5% in the 2nd quarter. Intech Investment Management LLC now owns 18,502 shares of the utilities provider’s stock worth $1,364,000 after purchasing an additional 1,449 shares during the period. Finally, Brighton Jones LLC boosted its stake in shares of Public Service Enterprise Group by 1.8% in the 2nd quarter. Brighton Jones LLC now owns 7,430 shares of the utilities provider’s stock valued at $548,000 after purchasing an additional 131 shares during the last quarter. 73.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Evercore ISI boosted their target price on shares of Public Service Enterprise Group from $92.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Wells Fargo & Company upped their target price on Public Service Enterprise Group from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Scotiabank lifted their target price on Public Service Enterprise Group from $73.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley lifted their price objective on shares of Public Service Enterprise Group from $83.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Finally, Guggenheim reissued a “buy” rating on shares of Public Service Enterprise Group in a research note on Wednesday, December 11th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $89.17.

Public Service Enterprise Group Trading Down 0.3 %

Shares of Public Service Enterprise Group stock opened at $88.20 on Friday. The company has a market capitalization of $43.94 billion, a P/E ratio of 21.67, a price-to-earnings-growth ratio of 2.81 and a beta of 0.65. The stock has a fifty day simple moving average of $87.70 and a 200 day simple moving average of $84.36. Public Service Enterprise Group Incorporated has a 12-month low of $56.85 and a 12-month high of $95.22. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 1.18.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Monday, November 4th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Tuesday, December 10th. Public Service Enterprise Group’s dividend payout ratio is presently 58.97%.

Insider Activity at Public Service Enterprise Group

In other news, CEO Ralph A. Larossa sold 1,378 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $84.91, for a total transaction of $117,005.98. Following the completion of the sale, the chief executive officer now owns 144,212 shares in the company, valued at $12,245,040.92. This trade represents a 0.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Kim C. Hanemann sold 956 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $90.09, for a total value of $86,126.04. Following the completion of the transaction, the chief operating officer now owns 70,011 shares in the company, valued at approximately $6,307,290.99. The trade was a 1.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,234 shares of company stock valued at $722,037. 0.18% of the stock is owned by insiders.

Public Service Enterprise Group Company 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.