Virtu KCG Holdings LLC reduced its position in Public Service Enterprise Group Incorporated (NYSE:PEG) by 76.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 18,227 shares of the utilities provider’s stock after selling 60,083 shares during the period. Virtu KCG Holdings LLC’s holdings in Public Service Enterprise Group were worth $784,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PEG. UBS Asset Management Americas Inc. lifted its holdings in shares of Public Service Enterprise Group by 9.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 1,975,717 shares of the utilities provider’s stock valued at $87,623,000 after purchasing an additional 163,629 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its holdings in shares of Public Service Enterprise Group by 17.5% in the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 506,319 shares of the utilities provider’s stock valued at $22,151,000 after purchasing an additional 75,571 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Public Service Enterprise Group in the 1st quarter valued at about $3,164,000. JPMorgan Chase & Co. lifted its holdings in shares of Public Service Enterprise Group by 76.6% in the 1st quarter. JPMorgan Chase & Co. now owns 1,183,837 shares of the utilities provider’s stock valued at $52,504,000 after purchasing an additional 513,382 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Public Service Enterprise Group by 22.8% in the 1st quarter. KBC Group NV now owns 53,574 shares of the utilities provider’s stock valued at $2,376,000 after purchasing an additional 9,951 shares during the last quarter. 65.88% of the stock is owned by institutional investors and hedge funds.

Public Service Enterprise Group Incorporated (PEG) opened at 46.99 on Thursday. The firm’s 50-day moving average price is $46.41 and its 200 day moving average price is $44.77. Public Service Enterprise Group Incorporated has a 52-week low of $39.28 and a 52-week high of $47.47. The firm has a market cap of $23.77 billion, a PE ratio of 52.80 and a beta of 0.38.

Public Service Enterprise Group (NYSE:PEG) last issued its earnings results on Friday, July 28th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter last year, the company posted $0.57 earnings per share. On average, equities analysts anticipate that Public Service Enterprise Group Incorporated will post $2.92 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were issued a $0.43 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.72 dividend on an annualized basis and a yield of 3.66%. Public Service Enterprise Group’s dividend payout ratio is currently 193.26%.

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In other news, insider Derek M. Dirisio sold 1,500 shares of Public Service Enterprise Group stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $47.11, for a total transaction of $70,665.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Ralph Izzo sold 23,400 shares of Public Service Enterprise Group stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $45.23, for a total value of $1,058,382.00. Following the sale, the chairman now directly owns 748,474 shares in the company, valued at approximately $33,853,479.02. The disclosure for this sale can be found here. Insiders sold 45,733 shares of company stock worth $2,097,782 in the last three months. 0.61% of the stock is currently owned by corporate insiders.

Several equities analysts recently issued reports on PEG shares. Zacks Investment Research cut Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Barclays PLC upgraded Public Service Enterprise Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $49.00 to $51.00 in a research report on Friday, September 22nd. Morgan Stanley boosted their price target on Public Service Enterprise Group from $50.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Wolfe Research upgraded Public Service Enterprise Group from an “underperform” rating to a “market perform” rating in a research report on Monday, July 17th. Finally, Mizuho upgraded Public Service Enterprise Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $44.50 to $50.00 in a research report on Friday, August 11th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Public Service Enterprise Group currently has a consensus rating of “Buy” and an average price target of $49.13.

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.

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

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