Public Service Enterprise Group Incorporated (NYSE:PEG) Chairman Ralph Izzo sold 23,400 shares of Public Service Enterprise Group stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $45.23, for a total transaction of $1,058,382.00. Following the sale, the chairman now owns 748,474 shares in the company, valued at $33,853,479.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Monday, July 3rd, Ralph Izzo sold 30,000 shares of Public Service Enterprise Group stock. The shares were sold at an average price of $42.83, for a total transaction of $1,284,900.00.

Shares of Public Service Enterprise Group Incorporated (PEG) traded down 0.361% during midday trading on Friday, reaching $45.605. 898,972 shares of the company’s stock traded hands. The stock has a market cap of $23.07 billion, a P/E ratio of 51.242 and a beta of 0.38. Public Service Enterprise Group Incorporated has a 52-week low of $39.28 and a 52-week high of $46.14. The stock has a 50-day moving average price of $43.59 and a 200-day moving average price of $44.08.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.43 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.72 annualized dividend and a yield of 3.76%. Public Service Enterprise Group’s payout ratio is 193.26%.

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A number of research firms have commented on PEG. Mizuho began coverage on shares of Public Service Enterprise Group in a research report on Wednesday, April 19th. They issued a “neutral” rating and a $44.50 price target on the stock. Deutsche Bank AG reduced their price target on shares of Public Service Enterprise Group from $49.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, April 11th. Zacks Investment Research lowered shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Barclays PLC boosted 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 research report on Tuesday, April 25th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Public Service Enterprise Group in a research report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $47.30.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its stake in Public Service Enterprise Group by 19.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,314 shares of the utilities provider’s stock valued at $103,000 after buying an additional 381 shares in the last quarter. Parallel Advisors LLC raised its stake 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 valued at $114,000 after buying an additional 20 shares in the last quarter. Kistler Tiffany Companies LLC raised its stake in Public Service Enterprise Group by 3.8% in the first quarter. Kistler Tiffany Companies LLC now owns 2,684 shares of the utilities provider’s stock valued at $119,000 after buying an additional 99 shares in the last quarter. YorkBridge Wealth Partners LLC raised its stake in Public Service Enterprise Group by 21.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,065 shares of the utilities provider’s stock valued at $134,000 after buying an additional 543 shares in the last quarter. Finally, Gradient Investments LLC raised its stake in Public Service Enterprise Group by 331.2% in the second quarter. Gradient Investments LLC now owns 3,234 shares of the utilities provider’s stock valued at $139,000 after buying an additional 2,484 shares in the last quarter. Hedge funds and other institutional investors own 65.98% of the company’s stock.

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.

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

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