Guggenheim Capital LLC decreased its holdings in Public Service Enterprise Group Inc. (NYSE:PEG) by 4.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 259,006 shares of the utilities provider’s stock after selling 12,331 shares during the period. Guggenheim Capital LLC owned approximately 0.05% of Public Service Enterprise Group worth $11,632,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in PEG. Quadrant Capital Group LLC boosted its stake in shares of Public Service Enterprise Group by 9.8% in the 4th quarter. Quadrant Capital Group LLC now owns 4,101 shares of the utilities provider’s stock valued at $235,000 after purchasing an additional 365 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Public Service Enterprise Group by 1.4% during the 4th quarter. Victory Capital Management Inc. now owns 503,836 shares of the utilities provider’s stock valued at $29,752,000 after buying an additional 6,776 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Public Service Enterprise Group by 68.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 6,094 shares of the utilities provider’s stock valued at $360,000 after buying an additional 2,475 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in Public Service Enterprise Group during the 4th quarter valued at $1,194,000. Finally, Bank of Montreal Can raised its holdings in Public Service Enterprise Group by 3.1% during the 4th quarter. Bank of Montreal Can now owns 532,682 shares of the utilities provider’s stock valued at $31,456,000 after buying an additional 15,962 shares during the last quarter. 67.83% of the stock is owned by institutional investors.

Shares of Public Service Enterprise Group stock traded down $1.10 during trading on Friday, hitting $46.87. The company’s stock had a trading volume of 373,317 shares, compared to its average volume of 2,638,349. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.57 and a current ratio of 0.72. The company has a fifty day simple moving average of $49.64 and a two-hundred day simple moving average of $53.06. The company has a market capitalization of $24.35 billion, a PE ratio of 17.04, a P/E/G ratio of 4.21 and a beta of 0.58. Public Service Enterprise Group Inc. has a 52 week low of $34.75 and a 52 week high of $63.88.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings results on Monday, May 4th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.02. The company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $3.25 billion. Public Service Enterprise Group had a net margin of 14.59% and a return on equity of 10.92%. Public Service Enterprise Group’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period last year, the business earned $1.08 EPS. As a group, analysts predict that Public Service Enterprise Group Inc. will post 3.36 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Monday, June 8th. Public Service Enterprise Group’s dividend payout ratio (DPR) is 59.76%.

A number of equities research analysts recently commented on the stock. UBS Group lowered their price target on shares of Public Service Enterprise Group from $65.00 to $64.00 and set a “buy” rating for the company in a report on Monday. Seaport Global Securities initiated coverage on shares of Public Service Enterprise Group in a report on Wednesday, May 20th. They issued a “neutral” rating for the company. Mizuho lowered shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $54.00 to $53.00 in a report on Monday, April 20th. They noted that the move was a valuation call. Royal Bank of Canada restated a “buy” rating and issued a $54.00 price objective on shares of Public Service Enterprise Group in a report on Thursday, April 30th. Finally, Wolfe Research upgraded shares of Public Service Enterprise Group from a “market perform” rating to an “outperform” rating and set a $58.00 price objective for the company in a report on Tuesday, March 31st. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Public Service Enterprise Group currently has an average rating of “Buy” and a consensus price target of $60.92.

In related news, CFO Daniel J. Cregg sold 625 shares of the stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $50.00, for a total transaction of $31,250.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Rose M. Chernick sold 600 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $55.00, for a total transaction of $33,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,607 shares of company stock worth $407,773 over the last three months. 0.48% of the stock is currently owned by insiders.

Public Service Enterprise Group 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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