Public Service Enterprise Group Incorporated (NYSE:PEG) Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC raised its stake in Public Service Enterprise Group Incorporated (NYSE:PEG) by 0.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 38,967 shares of the utilities provider’s stock after purchasing an additional 311 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Public Service Enterprise Group were worth $3,292,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC raised its holdings in Public Service Enterprise Group by 4.2% in the third quarter. CWM LLC now owns 21,653 shares of the utilities provider’s stock valued at $1,932,000 after acquiring an additional 867 shares in the last quarter. Retirement Planning Group LLC purchased a new stake in shares of Public Service Enterprise Group in the 3rd quarter valued at approximately $333,000. Douglas Lane & Associates LLC acquired a new stake in shares of Public Service Enterprise Group in the 3rd quarter valued at $207,000. Harrell Investment Partners LLC lifted its position in shares of Public Service Enterprise Group by 38.7% during the 3rd quarter. Harrell Investment Partners LLC now owns 29,319 shares of the utilities provider’s stock worth $2,616,000 after purchasing an additional 8,182 shares during the last quarter. Finally, Creative Planning grew its stake in shares of Public Service Enterprise Group by 5.2% during the third quarter. Creative Planning now owns 95,695 shares of the utilities provider’s stock worth $8,537,000 after purchasing an additional 4,710 shares in the last quarter. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Insider Buying and Selling at Public Service Enterprise Group

In other Public Service Enterprise Group news, COO Kim C. Hanemann sold 956 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $90.09, for a total value of $86,126.04. Following the transaction, the chief operating officer now directly owns 70,011 shares of the company’s stock, valued at approximately $6,307,290.99. The trade was a 1.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ralph A. Larossa sold 1,378 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $84.91, for a total transaction of $117,005.98. Following the transaction, the chief executive officer now owns 144,212 shares of the company’s stock, valued at approximately $12,245,040.92. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,712 shares of company stock valued at $317,644 in the last ninety days. Insiders own 0.57% of the company’s stock.

Public Service Enterprise Group Trading Up 0.3 %

Shares of Public Service Enterprise Group stock opened at $83.88 on Tuesday. The company’s fifty day moving average is $85.93 and its two-hundred day moving average is $85.54. Public Service Enterprise Group Incorporated has a 1 year low of $57.40 and a 1 year high of $95.22. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.48 and a current ratio of 0.68. The company has a market capitalization of $41.79 billion, a P/E ratio of 20.61, a PEG ratio of 2.77 and a beta of 0.64.

Public Service Enterprise Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Tuesday, December 10th. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 58.97%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Guggenheim restated a “buy” rating on shares of Public Service Enterprise Group in a research note on Wednesday, December 11th. Scotiabank raised their target price on Public Service Enterprise Group from $73.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. BMO Capital Markets upped their price target on Public Service Enterprise Group from $86.00 to $89.00 and gave the company a “market perform” rating in a report on Monday, October 21st. UBS Group increased their price target on shares of Public Service Enterprise Group from $94.00 to $98.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Barclays downgraded shares of Public Service Enterprise Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $88.00 to $84.00 in a research report on Monday, January 27th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Public Service Enterprise Group has an average rating of “Moderate Buy” and an average target price of $88.83.

Public Service Enterprise Group Company Profile

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.