Public Service Enterprise Group Incorporated (NYSE:PEG) Shares Acquired by Mather Group LLC.

Mather Group LLC. grew its stake in Public Service Enterprise Group Incorporated (NYSE:PEG) by 4.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,208 shares of the utilities provider’s stock after acquiring an additional 178 shares during the period. Mather Group LLC.’s holdings in Public Service Enterprise Group were worth $356,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in PEG. Ashton Thomas Securities LLC purchased a new stake in Public Service Enterprise Group in the third quarter valued at approximately $35,000. Northwest Investment Counselors LLC acquired a new stake in shares of Public Service Enterprise Group in the third quarter valued at $48,000. Financial Life Planners purchased a new stake in shares of Public Service Enterprise Group in the 4th quarter valued at $56,000. Legacy Investment Solutions LLC acquired a new position in Public Service Enterprise Group during the 3rd quarter worth about $59,000. Finally, Brown Lisle Cummings Inc. purchased a new position in Public Service Enterprise Group during the 4th quarter valued at about $57,000. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Public Service Enterprise Group Stock Performance

Shares of Public Service Enterprise Group stock opened at $83.93 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 1.18. Public Service Enterprise Group Incorporated has a 52 week low of $57.40 and a 52 week high of $95.22. The firm’s 50 day moving average is $86.35 and its two-hundred day moving average is $85.36. The firm has a market capitalization of $41.81 billion, a P/E ratio of 20.62, a P/E/G ratio of 2.67 and a beta of 0.64.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. Public Service Enterprise Group’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 earnings per share. Research analysts forecast that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Ralph A. Larossa sold 1,378 shares of Public Service Enterprise Group stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $83.10, for a total value of $114,511.80. Following the transaction, the chief executive officer now directly owns 126,791 shares of the company’s stock, valued at $10,536,332.10. The trade was a 1.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Richard T. Thigpen sold 5,900 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $87.95, for a total transaction of $518,905.00. Following the sale, the senior vice president now owns 25,829 shares of the company’s stock, valued at approximately $2,271,660.55. This represents a 18.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,612 shares of company stock valued at $836,549 over the last quarter. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

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

Public Service Enterprise Group 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.