Schnieders Capital Management LLC continued to hold its stake in Public Service Enterprise Group Incorporated (NYSE:PEG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,060 shares of the utilities provider’s stock at the end of the second quarter. Schnieders Capital Management LLC’s holdings in Public Service Enterprise Group were worth $218,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Welch & Forbes LLC increased its position in Public Service Enterprise Group by 0.3% in the first quarter. Welch & Forbes LLC now owns 5,451 shares of the utilities provider’s stock worth $242,000 after buying an additional 15 shares during the last quarter. Parallel Advisors LLC increased its position in Public Service Enterprise Group by 0.8% in the first quarter. Parallel Advisors LLC now owns 2,615 shares of the utilities provider’s stock worth $114,000 after buying an additional 20 shares during the last quarter. Cutter & CO Brokerage Inc. increased its position in Public Service Enterprise Group by 0.5% in the first quarter. Cutter & CO Brokerage Inc. now owns 8,304 shares of the utilities provider’s stock worth $368,000 after buying an additional 38 shares during the last quarter. Trustmark National Bank Trust Department increased its position in Public Service Enterprise Group by 0.9% in the first quarter. Trustmark National Bank Trust Department now owns 6,176 shares of the utilities provider’s stock worth $274,000 after buying an additional 57 shares during the last quarter. Finally, Alpha Cubed Investments LLC increased its position in Public Service Enterprise Group by 1.0% in the first quarter. Alpha Cubed Investments LLC now owns 5,955 shares of the utilities provider’s stock worth $264,000 after buying an additional 58 shares during the last quarter. Institutional investors own 65.76% of the company’s stock.

Shares of Public Service Enterprise Group Incorporated (PEG) traded down 0.18% during trading on Friday, hitting $45.53. 2,529,073 shares of the company’s stock were exchanged. The stock has a market cap of $23.03 billion, a PE ratio of 51.16 and a beta of 0.38. The stock’s 50-day moving average price is $43.92 and its 200-day moving average price is $44.18. Public Service Enterprise Group Incorporated has a 1-year low of $39.28 and a 1-year high of $46.14.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Friday, July 28th. The utilities provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Public Service Enterprise Group had a net margin of 4.88% and a return on equity of 11.46%. During the same quarter in the prior year, the business earned $0.57 earnings per share. On average, equities analysts expect that Public Service Enterprise Group Incorporated will post $2.92 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.78%. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently 193.26%.

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PEG has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Public Service Enterprise Group in a report on Tuesday, June 27th. Mizuho raised shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $44.50 to $50.00 in a report on Friday. Morgan Stanley lifted their price target on shares of Public Service Enterprise Group from $50.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Barclays PLC lifted their price target on shares of Public Service Enterprise Group from $43.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $48.21.

In other news, COO Ralph A. Larossa sold 24,021 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $43.55, for a total value of $1,046,114.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Ralph Izzo sold 23,400 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $45.23, for a total transaction of $1,058,382.00. Following the completion of the transaction, the chairman now directly owns 748,474 shares of the company’s stock, valued at approximately $33,853,479.02. The disclosure for this sale can be found here. Insiders sold 77,421 shares of company stock valued at $3,389,397 in the last three months. Company insiders own 0.61% of the company’s stock.

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.

Institutional Ownership by Quarter for Public Service Enterprise Group (NYSE:PEG)

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