Public Service Enterprise Group Incorporated (NYSE:PEG) Chairman Ralph Izzo sold 20,833 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $52.90, for a total value of $1,102,065.70. Following the completion of the sale, the chairman now directly owns 687,600 shares of the company’s stock, valued at approximately $36,374,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Ralph Izzo also recently made the following trade(s):

  • On Wednesday, November 1st, Ralph Izzo sold 60,793 shares of Public Service Enterprise Group stock. The shares were sold at an average price of $49.70, for a total value of $3,021,412.10.
  • On Thursday, October 26th, Ralph Izzo sold 6,427 shares of Public Service Enterprise Group stock. The shares were sold at an average price of $49.45, for a total value of $317,815.15.
  • On Friday, October 13th, Ralph Izzo sold 39,960 shares of Public Service Enterprise Group stock. The shares were sold at an average price of $49.20, for a total value of $1,966,032.00.
  • On Thursday, October 12th, Ralph Izzo sold 79,920 shares of Public Service Enterprise Group stock. The shares were sold at an average price of $48.83, for a total value of $3,902,493.60.
  • On Monday, October 2nd, Ralph Izzo sold 20,833 shares of Public Service Enterprise Group stock. The shares were sold at an average price of $46.50, for a total value of $968,734.50.

Shares of Public Service Enterprise Group Incorporated (NYSE PEG) opened at $52.68 on Wednesday. Public Service Enterprise Group Incorporated has a one year low of $41.14 and a one year high of $53.28. The company has a market capitalization of $26,680.00, a P/E ratio of 18.30, a P/E/G ratio of 6.63 and a beta of 0.41. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.56 and a current ratio of 0.80.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.02). The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.62 billion. Public Service Enterprise Group had a return on equity of 11.33% and a net margin of 5.73%. The firm’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 EPS. analysts forecast that Public Service Enterprise Group Incorporated will post 2.92 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.72 annualized dividend and a yield of 3.26%. Public Service Enterprise Group’s payout ratio is currently 168.63%.

Several equities research analysts have recently weighed in on PEG shares. Zacks Investment Research raised Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Wednesday, September 20th. BidaskClub raised Public Service Enterprise Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Mizuho raised Public Service Enterprise Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $44.50 to $50.00 in a research note on Friday, August 11th. Argus raised their target price on Public Service Enterprise Group from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Morgan Stanley raised their target price on Public Service Enterprise Group from $50.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Public Service Enterprise Group has an average rating of “Buy” and an average price target of $50.42.

Large investors have recently made changes to their positions in the business. KBC Group NV boosted its holdings in Public Service Enterprise Group by 1.2% in the second quarter. KBC Group NV now owns 54,191 shares of the utilities provider’s stock worth $2,331,000 after acquiring an additional 617 shares in the last quarter. Advisory Services Network LLC boosted its holdings in Public Service Enterprise Group by 11.7% in the second quarter. Advisory Services Network LLC now owns 5,149 shares of the utilities provider’s stock worth $221,000 after acquiring an additional 541 shares in the last quarter. Rench Wealth Management Inc. boosted its holdings in Public Service Enterprise Group by 1.1% in the second quarter. Rench Wealth Management Inc. now owns 43,151 shares of the utilities provider’s stock worth $1,856,000 after acquiring an additional 470 shares in the last quarter. People s United Financial Inc. boosted its holdings in Public Service Enterprise Group by 174.1% in the second quarter. People s United Financial Inc. now owns 8,059 shares of the utilities provider’s stock worth $347,000 after acquiring an additional 5,119 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in Public Service Enterprise Group by 4.1% in the second quarter. Oppenheimer & Co. Inc. now owns 134,336 shares of the utilities provider’s stock worth $5,778,000 after acquiring an additional 5,263 shares in the last quarter. Institutional investors and hedge funds own 66.77% of the company’s stock.

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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.

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

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