Guyasuta Investment Advisors Inc. Invests $210,000 in Public Service Enterprise Group Incorporated (NYSE:PEG)

Guyasuta Investment Advisors Inc. purchased a new position in Public Service Enterprise Group Incorporated (NYSE:PEG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,436 shares of the utilities provider’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PEG. Choreo LLC lifted its holdings in shares of Public Service Enterprise Group by 262.1% in the 4th quarter. Choreo LLC now owns 14,666 shares of the utilities provider’s stock worth $897,000 after buying an additional 10,616 shares during the period. Gilbert & Cook Inc. boosted its stake in shares of Public Service Enterprise Group by 5.4% during the fourth quarter. Gilbert & Cook Inc. now owns 7,327 shares of the utilities provider’s stock valued at $448,000 after purchasing an additional 373 shares in the last quarter. Eagle Wealth Strategies LLC purchased a new position in Public Service Enterprise Group during the fourth quarter valued at approximately $334,000. Convergence Investment Partners LLC increased its holdings in Public Service Enterprise Group by 13.3% during the fourth quarter. Convergence Investment Partners LLC now owns 4,265 shares of the utilities provider’s stock valued at $261,000 after buying an additional 501 shares during the period. Finally, Little House Capital LLC raised its stake in Public Service Enterprise Group by 56.9% in the fourth quarter. Little House Capital LLC now owns 12,526 shares of the utilities provider’s stock worth $766,000 after buying an additional 4,545 shares in the last quarter. Institutional investors own 73.34% of the company’s stock.

Insider Buying and Selling

In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 4,800 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $64.18, for a total value of $308,064.00. Following the transaction, the senior vice president now owns 31,122 shares in the company, valued at approximately $1,997,409.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Richard T. Thigpen sold 4,800 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $64.18, for a total transaction of $308,064.00. Following the completion of the sale, the senior vice president now owns 31,122 shares of the company’s stock, valued at approximately $1,997,409.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ralph A. Larossa sold 1,374 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $63.00, for a total transaction of $86,562.00. Following the completion of the transaction, the chief executive officer now directly owns 153,721 shares in the company, valued at $9,684,423. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,948 shares of company stock worth $511,814. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on PEG shares. Barclays lifted their price target on Public Service Enterprise Group from $68.00 to $71.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Scotiabank decreased their target price on shares of Public Service Enterprise Group from $64.00 to $62.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Royal Bank of Canada upped their target price on Public Service Enterprise Group from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Guggenheim cut Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $61.00 price target for the company. in a research report on Monday, January 22nd. Finally, TheStreet upgraded Public Service Enterprise Group from a “c+” rating to a “b-” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $67.15.

Public Service Enterprise Group Stock Down 1.2 %

PEG stock opened at $67.80 on Tuesday. Public Service Enterprise Group Incorporated has a one year low of $53.71 and a one year high of $68.87. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.46 and a current ratio of 0.67. The firm’s fifty day moving average is $64.82 and its 200 day moving average is $62.37. The firm has a market cap of $33.80 billion, a PE ratio of 13.38, a P/E/G ratio of 2.97 and a beta of 0.58.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Monday, February 26th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. Public Service Enterprise Group had a return on equity of 11.53% and a net margin of 22.81%. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the prior year, the company posted $0.64 EPS. The business’s quarterly revenue was down 17.0% on a year-over-year basis. On average, research analysts forecast that Public Service Enterprise Group Incorporated will post 3.66 EPS for the current year.

Public Service Enterprise Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.54%. Public Service Enterprise Group’s dividend payout ratio is currently 46.78%.

About Public Service Enterprise Group

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.