Nomura Holdings Inc. lifted its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG) by 146.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 238,320 shares of the utilities provider’s stock after acquiring an additional 141,443 shares during the period. Nomura Holdings Inc.’s holdings in Public Service Enterprise Group were worth $10,275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hudock Capital Group LLC boosted its stake in shares of Public Service Enterprise Group by 38.8% in the second quarter. Hudock Capital Group LLC now owns 2,629 shares of the utilities provider’s stock worth $113,000 after acquiring an additional 735 shares during the period. Parallel Advisors LLC boosted its stake in shares of 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 worth $114,000 after acquiring an additional 20 shares during the period. Vantage Investment Advisors LLC boosted its stake in shares of Public Service Enterprise Group by 35.3% in the second quarter. Vantage Investment Advisors LLC now owns 2,685 shares of the utilities provider’s stock worth $115,000 after acquiring an additional 700 shares during the period. IHT Wealth Management LLC boosted its stake in shares of Public Service Enterprise Group by 45.9% in the second quarter. IHT Wealth Management LLC now owns 642 shares of the utilities provider’s stock worth $131,000 after acquiring an additional 202 shares during the period. Finally, Gradient Investments LLC boosted its stake in shares of 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 worth $139,000 after acquiring an additional 2,484 shares during the period. 65.88% of the stock is owned by hedge funds and other institutional investors.

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Shares of Public Service Enterprise Group Incorporated (PEG) traded up 0.010% during trading on Wednesday, reaching $48.215. The company had a trading volume of 913,082 shares. The stock’s 50-day moving average price is $46.54 and its 200-day moving average price is $44.86. The company has a market capitalization of $24.39 billion, a PE ratio of 53.572 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 $48.31.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.05. Public Service Enterprise Group had a return on equity of 11.46% and a net margin of 4.88%. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the previous year, the firm posted $0.57 EPS. On average, equities analysts expect that Public Service Enterprise Group Incorporated will post $2.92 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend was Thursday, September 7th. Public Service Enterprise Group’s payout ratio is 193.26%.

A number of research firms have recently weighed in on PEG. Morgan Stanley upped their price objective on Public Service Enterprise Group from $50.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $49.00 price objective (up previously from $44.00) on shares of Public Service Enterprise Group in a research note on Thursday, August 10th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $47.00 price objective on shares of Public Service Enterprise Group in a research note on Tuesday. Zacks Investment Research raised Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Tuesday, August 1st. Finally, Mizuho raised Public Service Enterprise Group from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $44.50 to $50.00 in a research note on Friday, August 11th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $49.29.

In other news, insider Derek M. Dirisio sold 1,500 shares of the business’s 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Ralph Izzo sold 23,400 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $45.23, for a total value of $1,058,382.00. Following the transaction, the chairman now owns 748,474 shares in the company, valued at $33,853,479.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,733 shares of company stock worth $2,097,782. 0.61% of the stock is currently owned by insiders.

Public Service Enterprise Group 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.

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

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