Traders purchased shares of Public Service Enterprise Group Incorporated (NYSE:PEG) on weakness during trading hours on Tuesday. $65.50 million flowed into the stock on the tick-up and $26.78 million flowed out of the stock on the tick-down, for a money net flow of $38.72 million into the stock. Of all stocks tracked, Public Service Enterprise Group had the 12th highest net in-flow for the day. Public Service Enterprise Group traded down ($0.39) for the day and closed at $52.01

Several research analysts recently commented on the company. Morgan Stanley boosted their price target on Public Service Enterprise Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday. Zacks Investment Research cut Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Barclays upgraded Public Service Enterprise Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $49.00 to $51.00 in a research note on Friday, September 22nd. BidaskClub upgraded Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Jefferies Group reiterated a “hold” rating and issued a $46.50 price target on shares of Public Service Enterprise Group in a research note on Thursday, October 12th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Public Service Enterprise Group presently has an average rating of “Buy” and an average target price of $50.81.

The firm has a market cap of $26,319.58, a P/E ratio of 17.93, a PEG ratio of 6.50 and a beta of 0.41. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 0.86.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.02). Public Service Enterprise Group had a net margin of 5.73% and a return on equity of 11.33%. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the previous year, the company earned $0.88 EPS. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. analysts forecast that Public Service Enterprise Group Incorporated will post 2.92 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Thursday, December 7th. Public Service Enterprise Group’s payout ratio is currently 166.99%.

In other news, Chairman Ralph Izzo sold 20,833 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $46.50, for a total transaction of $968,734.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Derek M. Dirisio sold 2,185 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $51.50, for a total value of $112,527.50. The disclosure for this sale can be found here. Insiders have sold 263,951 shares of company stock worth $13,045,041 in the last 90 days. 0.61% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Public Service Enterprise Group by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 35,870,541 shares of the utilities provider’s stock worth $1,542,792,000 after purchasing an additional 828,458 shares during the period. Nordea Investment Management AB raised its position in shares of Public Service Enterprise Group by 1.8% during the 3rd quarter. Nordea Investment Management AB now owns 11,274,720 shares of the utilities provider’s stock worth $521,456,000 after purchasing an additional 199,441 shares during the period. Federated Investors Inc. PA raised its position in shares of Public Service Enterprise Group by 179.9% during the 2nd quarter. Federated Investors Inc. PA now owns 6,711,861 shares of the utilities provider’s stock worth $288,677,000 after purchasing an additional 4,314,015 shares during the period. Legal & General Group Plc raised its position in shares of Public Service Enterprise Group by 2.2% during the 3rd quarter. Legal & General Group Plc now owns 3,211,024 shares of the utilities provider’s stock worth $148,510,000 after purchasing an additional 70,089 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Public Service Enterprise Group by 16.3% during the 3rd quarter. Wells Fargo & Company MN now owns 2,681,594 shares of the utilities provider’s stock worth $124,024,000 after purchasing an additional 376,379 shares during the period. Institutional investors and hedge funds own 66.77% of the company’s stock.

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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.

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