Public Service Enterprise Group Incorporated (NYSE:PEG) VP Rose M. Chernick Sells 200 Shares

Public Service Enterprise Group Incorporated (NYSE:PEGGet Free Report) VP Rose M. Chernick sold 200 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $64.20, for a total transaction of $12,840.00. Following the completion of the sale, the vice president now owns 34,716 shares in the company, valued at $2,228,767.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Public Service Enterprise Group Stock Performance

Public Service Enterprise Group stock opened at $65.03 on Friday. The company has a market capitalization of $32.42 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 3.52 and a beta of 0.57. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.67 and a quick ratio of 0.46. Public Service Enterprise Group Incorporated has a 12-month low of $53.71 and a 12-month high of $65.59. The firm’s fifty day moving average price is $60.67 and its 200 day moving average price is $60.99.

Public Service Enterprise Group (NYSE:PEGGet Free Report) last posted its quarterly earnings results on Monday, February 26th. The utilities provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.45 billion. Public Service Enterprise Group had a net margin of 22.81% and a return on equity of 11.53%. The company’s quarterly revenue was down 17.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 EPS. On average, research analysts forecast that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

Public Service Enterprise Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 8th will be given a $0.60 dividend. This is an increase from Public Service Enterprise Group’s previous quarterly dividend of $0.57. This represents a $2.40 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Thursday, March 7th. Public Service Enterprise Group’s dividend payout ratio (DPR) is 46.78%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Bank of America lifted their price target on shares of Public Service Enterprise Group from $66.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday. BMO Capital Markets reduced their price objective on shares of Public Service Enterprise Group from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Tuesday, February 27th. Guggenheim lowered shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research note on Monday, January 22nd. Barclays upped their price objective on shares of Public Service Enterprise Group from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. Finally, Wells Fargo & Company boosted their target price on shares of Public Service Enterprise Group from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $65.71.

View Our Latest Research Report on Public Service Enterprise Group

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Union Savings Bank bought a new stake in shares of Public Service Enterprise Group during the 2nd quarter worth $28,000. Operose Advisors LLC boosted its holdings in Public Service Enterprise Group by 435.0% in the 3rd quarter. Operose Advisors LLC now owns 535 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 435 shares during the period. Addison Advisors LLC bought a new stake in Public Service Enterprise Group in the 4th quarter valued at $31,000. ICA Group Wealth Management LLC bought a new position in shares of Public Service Enterprise Group during the 4th quarter worth about $31,000. Finally, Clear Street Markets LLC bought a new position in shares of Public Service Enterprise Group during the 4th quarter worth about $31,000. 72.28% of the stock is owned by hedge funds and other institutional investors.

About Public Service Enterprise Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Public Service Enterprise Group (NYSE:PEG)

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