Financial Life Planners Purchases Shares of 668 Public Service Enterprise Group Incorporated (NYSE:PEG)

Financial Life Planners bought a new stake in Public Service Enterprise Group Incorporated (NYSE:PEG) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 668 shares of the utilities provider’s stock, valued at approximately $56,000.

Other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC boosted its holdings in Public Service Enterprise Group by 125.3% during the fourth quarter. Jennison Associates LLC now owns 3,384,803 shares of the utilities provider’s stock valued at $285,982,000 after acquiring an additional 1,882,667 shares during the period. Abner Herrman & Brock LLC lifted its position in shares of Public Service Enterprise Group by 1.0% during the 4th quarter. Abner Herrman & Brock LLC now owns 16,816 shares of the utilities provider’s stock worth $1,421,000 after purchasing an additional 166 shares during the last quarter. CENTRAL TRUST Co grew its holdings in Public Service Enterprise Group by 25.5% in the 4th quarter. CENTRAL TRUST Co now owns 3,714 shares of the utilities provider’s stock valued at $314,000 after buying an additional 755 shares during the last quarter. Greenleaf Trust increased its position in Public Service Enterprise Group by 7.2% in the 4th quarter. Greenleaf Trust now owns 11,139 shares of the utilities provider’s stock worth $941,000 after buying an additional 749 shares during the period. Finally, Golden State Equity Partners lifted its holdings in shares of Public Service Enterprise Group by 20.6% during the fourth quarter. Golden State Equity Partners now owns 8,836 shares of the utilities provider’s stock worth $747,000 after buying an additional 1,507 shares during the last quarter. Institutional investors own 73.34% of the company’s stock.

Public Service Enterprise Group Stock Down 0.3 %

PEG opened at $83.57 on Monday. Public Service Enterprise Group Incorporated has a twelve month low of $57.24 and a twelve month high of $95.22. The firm has a market cap of $41.64 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 2.67 and a beta of 0.64. The firm’s 50-day simple moving average is $86.97 and its 200-day simple moving average is $85.24. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.48 and a current ratio of 0.68.

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

Public Service Enterprise Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.40 annualized dividend and a yield of 2.87%. Public Service Enterprise Group’s payout ratio is 58.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Public Service Enterprise Group from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Barclays lowered shares of Public Service Enterprise Group from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $88.00 to $84.00 in a research report on Monday, January 27th. UBS Group lifted their target price on Public Service Enterprise Group from $94.00 to $98.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Evercore ISI boosted their price target on Public Service Enterprise Group from $92.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Finally, Scotiabank lifted their price objective 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. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $88.83.

Insider Transactions at Public Service Enterprise Group

In other Public Service Enterprise Group news, COO Kim C. Hanemann sold 956 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $90.09, for a total value of $86,126.04. Following the transaction, the chief operating officer now directly owns 70,011 shares in the company, valued at approximately $6,307,290.99. This trade represents a 1.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Richard T. Thigpen sold 5,900 shares of Public Service Enterprise Group stock in a transaction on Monday, November 11th. The shares were sold at an average price of $87.95, for a total value of $518,905.00. Following the completion of the sale, the senior vice president now directly owns 25,829 shares of the company’s stock, valued at $2,271,660.55. This trade represents a 18.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,234 shares of company stock worth $722,037. Insiders own 0.18% of the company’s stock.

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.