Oakbrook Investments LLC trimmed its holdings in shares of Public Service Enterprise Group Inc. (NYSE:PEG) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,931 shares of the utilities provider’s stock after selling 1,900 shares during the period. Oakbrook Investments LLC’s holdings in Public Service Enterprise Group were worth $1,026,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Grove Bank & Trust raised its holdings in shares of Public Service Enterprise Group by 209.4% during the third quarter. Grove Bank & Trust now owns 2,274 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 1,539 shares during the period. IHT Wealth Management LLC raised its holdings in shares of Public Service Enterprise Group by 45.9% during the second quarter. IHT Wealth Management LLC now owns 642 shares of the utilities provider’s stock worth $131,000 after purchasing an additional 202 shares during the period. YorkBridge Wealth Partners LLC raised its holdings in shares of Public Service Enterprise Group by 13.8% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,489 shares of the utilities provider’s stock worth $149,000 after purchasing an additional 424 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in shares of Public Service Enterprise Group during the third quarter worth $185,000. Finally, Evercore Wealth Management LLC raised its holdings in shares of Public Service Enterprise Group by 5.0% during the second quarter. Evercore Wealth Management LLC now owns 4,323 shares of the utilities provider’s stock worth $186,000 after purchasing an additional 205 shares during the period. 66.68% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on PEG shares. JPMorgan Chase & Co. increased their target price on shares of Public Service Enterprise Group from $49.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Zacks Investment Research cut shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Guggenheim reissued a “buy” rating and set a $58.00 target price on shares of Public Service Enterprise Group in a report on Wednesday, January 3rd. Morgan Stanley increased their target price on shares of Public Service Enterprise Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Finally, Wells Fargo & Co raised shares of Public Service Enterprise Group from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 1st. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $51.32.

Public Service Enterprise Group Inc. (NYSE PEG) opened at $49.80 on Friday. The company has a market cap of $25,200.74, a PE ratio of 17.17, a PEG ratio of 5.94 and a beta of 0.41. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 0.86. Public Service Enterprise Group Inc. has a 12-month low of $41.67 and a 12-month high of $53.28.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.02). The firm had revenue of $2.26 billion for 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 prior year, the company posted $0.88 EPS. research analysts expect that Public Service Enterprise Group Inc. will post 2.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 8th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, December 7th. This represents a $1.72 annualized dividend and a dividend yield of 3.45%. Public Service Enterprise Group’s dividend payout ratio is currently 166.99%.

In other news, Chairman Ralph Izzo sold 20,833 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $51.25, for a total transaction of $1,067,691.25. Following the completion of the transaction, the chairman now owns 645,934 shares in the company, valued at $33,104,117.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Ralph A. Larossa sold 33,000 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $50.12, for a total transaction of $1,653,960.00. Following the completion of the transaction, the chief operating officer now owns 81,241 shares of the company’s stock, valued at approximately $4,071,798.92. The disclosure for this sale can be found here. Insiders have sold 144,071 shares of company stock valued at $7,275,472 in the last 90 days. Insiders own 0.61% of the company’s stock.

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About Public Service Enterprise Group

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.

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

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