Janus Henderson Group PLC Decreases Holdings in Public Service Enterprise Group Incorporated (NYSE:PEG)

Janus Henderson Group PLC cut its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 21.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,581 shares of the utilities provider’s stock after selling 22,501 shares during the quarter. Janus Henderson Group PLC’s holdings in Public Service Enterprise Group were worth $7,150,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC grew its holdings in shares of Public Service Enterprise Group by 6.0% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,248 shares of the utilities provider’s stock worth $359,000 after purchasing an additional 242 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Public Service Enterprise Group by 44.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 159,345 shares of the utilities provider’s stock worth $13,463,000 after purchasing an additional 49,105 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of Public Service Enterprise Group by 4.3% in the fourth quarter. Park Avenue Securities LLC now owns 26,020 shares of the utilities provider’s stock worth $2,198,000 after purchasing an additional 1,065 shares during the last quarter. Avanza Fonder AB bought a new position in shares of Public Service Enterprise Group in the fourth quarter worth approximately $4,736,000. Finally, Merit Financial Group LLC grew its holdings in shares of Public Service Enterprise Group by 35.0% in the fourth quarter. Merit Financial Group LLC now owns 10,747 shares of the utilities provider’s stock worth $908,000 after purchasing an additional 2,787 shares during the last quarter. 73.34% of the stock is owned by hedge funds and other institutional investors.

Public Service Enterprise Group Stock Performance

Shares of PEG stock opened at $79.33 on Friday. Public Service Enterprise Group Incorporated has a 12 month low of $71.89 and a 12 month high of $95.22. The stock has a market cap of $39.58 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 2.78 and a beta of 0.48. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 1.18. The company’s fifty day moving average price is $80.87 and its 200-day moving average price is $84.12.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Wednesday, April 30th. The utilities provider reported $1.43 EPS for the quarter, meeting analysts’ consensus estimates of $1.43. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The firm had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the previous year, the business posted $1.31 EPS. The company’s quarterly revenue was up 16.7% on a year-over-year basis. On average, equities analysts expect that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Monday, June 9th. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 68.85%.

Analyst Ratings Changes

PEG has been the topic of several recent analyst reports. LADENBURG THALM/SH SH cut shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $82.50 target price on the stock. in a report on Wednesday, March 19th. Guggenheim cut their target price on shares of Public Service Enterprise Group from $98.00 to $94.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. StockNews.com cut shares of Public Service Enterprise Group from a “hold” rating to a “sell” rating in a report on Thursday, May 1st. Wells Fargo & Company cut their price target on shares of Public Service Enterprise Group from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Finally, Barclays cut their price target on shares of Public Service Enterprise Group from $84.00 to $83.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $88.81.

Insider Transactions at Public Service Enterprise Group

In other news, CEO Ralph A. Larossa sold 1,378 shares of Public Service Enterprise Group stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $79.26, for a total value of $109,220.28. Following the completion of the transaction, the chief executive officer now owns 221,093 shares of the company’s stock, valued at $17,523,831.18. The trade was a 0.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is owned by insiders.

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.