Public Service Enterprise Group Inc. (NYSE:PEG) COO Ralph A. Larossa sold 1,650 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $58.55, for a total transaction of $96,607.50. Following the completion of the sale, the chief operating officer now directly owns 76,069 shares of the company’s stock, valued at $4,453,839.95. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Ralph A. Larossa also recently made the following trade(s):

  • On Friday, November 1st, Ralph A. Larossa sold 1,650 shares of Public Service Enterprise Group stock. The stock was sold at an average price of $63.05, for a total transaction of $104,032.50.

Shares of Public Service Enterprise Group stock opened at $58.49 on Wednesday. The firm has a market cap of $29.99 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 4.95 and a beta of 0.25. The firm’s 50-day simple moving average is $61.34 and its 200-day simple moving average is $60.35. Public Service Enterprise Group Inc. has a twelve month low of $49.22 and a twelve month high of $63.88. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.52 and a current ratio of 0.75.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.03. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.55 billion. Public Service Enterprise Group had a net margin of 14.45% and a return on equity of 11.01%. During the same quarter in the prior year, the business posted $0.95 earnings per share. On average, equities analysts forecast that Public Service Enterprise Group Inc. will post 3.25 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $0.47 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.88 annualized dividend and a dividend yield of 3.21%. Public Service Enterprise Group’s dividend payout ratio is currently 60.26%.

A number of research analysts have recently commented on PEG shares. Wolfe Research lowered shares of Public Service Enterprise Group from an “outperform” rating to a “peer perform” rating and set a $64.00 price objective for the company. in a research report on Thursday, November 14th. Royal Bank of Canada lifted their target price on Public Service Enterprise Group from $60.00 to $62.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. Barclays lowered Public Service Enterprise Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Mizuho boosted their price target on Public Service Enterprise Group from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, UBS Group upped their price target on Public Service Enterprise Group from $67.00 to $71.00 and gave the company a “buy” rating in a report on Friday, September 6th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Public Service Enterprise Group has a consensus rating of “Hold” and an average target price of $63.38.

Several hedge funds have recently added to or reduced their stakes in the company. Bank of Nova Scotia grew its position in Public Service Enterprise Group by 0.4% in the second quarter. Bank of Nova Scotia now owns 340,044 shares of the utilities provider’s stock valued at $20,001,000 after acquiring an additional 1,505 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Public Service Enterprise Group by 3.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 20,177 shares of the utilities provider’s stock worth $1,187,000 after purchasing an additional 700 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in shares of Public Service Enterprise Group during the 2nd quarter worth about $90,000. Elkfork Partners LLC lifted its holdings in Public Service Enterprise Group by 44.4% during the 2nd quarter. Elkfork Partners LLC now owns 44,200 shares of the utilities provider’s stock valued at $2,600,000 after purchasing an additional 13,600 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Public Service Enterprise Group by 0.8% during the 2nd quarter. First Trust Advisors LP now owns 1,177,977 shares of the utilities provider’s stock valued at $69,289,000 after purchasing an additional 9,824 shares during the last quarter. Institutional investors own 69.34% of the company’s stock.

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

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