Toronto Dominion Bank decreased its stake in shares of Public Service Enterprise Group Inc. (NYSE:PEG) by 9.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 297,130 shares of the utilities provider’s stock after selling 31,356 shares during the quarter. Toronto Dominion Bank owned about 0.06% of Public Service Enterprise Group worth $17,472,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Zions Bancorporation N.A. purchased a new position in Public Service Enterprise Group during the first quarter worth approximately $25,000. Berman Capital Advisors LLC lifted its position in Public Service Enterprise Group by 79.0% during the second quarter. Berman Capital Advisors LLC now owns 460 shares of the utilities provider’s stock worth $27,000 after buying an additional 203 shares in the last quarter. Thor Advisors LLC purchased a new position in Public Service Enterprise Group during the first quarter worth approximately $45,000. Executive Wealth Management LLC lifted its position in Public Service Enterprise Group by 137.4% during the second quarter. Executive Wealth Management LLC now owns 781 shares of the utilities provider’s stock worth $46,000 after buying an additional 452 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA raised its position in Public Service Enterprise Group by 357.4% in the second quarter. San Francisco Sentry Investment Group CA now owns 956 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 747 shares during the period. Hedge funds and other institutional investors own 69.38% of the company’s stock.

In related news, Chairman Ralph Izzo sold 52,407 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $58.26, for a total transaction of $3,053,231.82. Following the completion of the transaction, the chairman now directly owns 396,403 shares of the company’s stock, valued at approximately $23,094,438.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Daniel J. Cregg sold 625 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $60.92, for a total value of $38,075.00. Following the transaction, the vice president now directly owns 60,833 shares of the company’s stock, valued at $3,705,946.36. The disclosure for this sale can be found here. Insiders sold 113,815 shares of company stock valued at $6,583,065 over the last ninety days. Insiders own 0.51% of the company’s stock.

A number of equities research analysts have commented on the company. Morgan Stanley lifted their target price on Public Service Enterprise Group from $67.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, June 14th. ValuEngine downgraded Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Citigroup downgraded Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research report on Monday, July 29th. Mizuho lifted their target price on Public Service Enterprise Group from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Finally, UBS Group lifted their target price on Public Service Enterprise Group from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $62.61.

Shares of NYSE PEG traded down $0.70 during trading on Friday, reaching $60.75. The stock had a trading volume of 926,918 shares, compared to its average volume of 1,873,281. Public Service Enterprise Group Inc. has a fifty-two week low of $49.22 and a fifty-two week high of $62.22. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.59 and a current ratio of 0.79. The business’s 50-day moving average price is $58.87 and its 200-day moving average price is $59.38. The company has a market cap of $30.92 billion, a P/E ratio of 19.47, a PEG ratio of 8.35 and a beta of 0.29.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings data on Tuesday, July 30th. The utilities provider reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.04). Public Service Enterprise Group had a net margin of 14.41% and a return on equity of 11.02%. The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the previous year, the firm posted $0.64 earnings per share. Analysts forecast that Public Service Enterprise Group Inc. will post 3.23 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 9th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.09%. Public Service Enterprise Group’s payout ratio is presently 60.26%.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid- Atlantic United States. It operates through two segments, PSE&G and Power. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs to customers.

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

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