LVW Advisors LLC Has $728,000 Stock Holdings in Public Service Enterprise Group Incorporated (NYSE:PEG)

LVW Advisors LLC lessened its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 6.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,617 shares of the utilities provider’s stock after selling 635 shares during the period. LVW Advisors LLC’s holdings in Public Service Enterprise Group were worth $728,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. My Legacy Advisors LLC grew its holdings in Public Service Enterprise Group by 4.9% during the 4th quarter. My Legacy Advisors LLC now owns 8,403 shares of the utilities provider’s stock worth $725,000 after acquiring an additional 394 shares during the period. Bowman & Co S.C. grew its holdings in shares of Public Service Enterprise Group by 5.7% in the 4th quarter. Bowman & Co S.C. now owns 11,362 shares of the utilities provider’s stock valued at $960,000 after buying an additional 609 shares during the period. Ameritas Advisory Services LLC grew its holdings in shares of Public Service Enterprise Group by 63.4% in the 4th quarter. Ameritas Advisory Services LLC now owns 4,591 shares of the utilities provider’s stock valued at $388,000 after buying an additional 1,781 shares during the period. HB Wealth Management LLC grew its holdings in shares of Public Service Enterprise Group by 53.7% in the 4th quarter. HB Wealth Management LLC now owns 12,235 shares of the utilities provider’s stock valued at $1,034,000 after buying an additional 4,276 shares during the period. Finally, Premier Path Wealth Partners LLC grew its holdings in shares of Public Service Enterprise Group by 5.0% in the 4th quarter. Premier Path Wealth Partners LLC now owns 14,884 shares of the utilities provider’s stock valued at $1,258,000 after buying an additional 715 shares during the period. Institutional investors and hedge funds own 73.34% of the company’s stock.

Public Service Enterprise Group Trading Down 0.3 %

Shares of NYSE:PEG opened at $88.20 on Monday. The company’s 50-day moving average price is $87.70 and its two-hundred day moving average price is $84.43. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.68 and a quick ratio of 0.48. Public Service Enterprise Group Incorporated has a one year low of $56.85 and a one year high of $95.22. The stock has a market capitalization of $43.94 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 2.81 and a beta of 0.65.

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

Public Service Enterprise Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.40 annualized dividend and a yield of 2.72%. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 58.97%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PEG shares. BMO Capital Markets boosted their price target on shares of 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. Morgan Stanley boosted their price target on shares of Public Service Enterprise Group from $83.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Barclays decreased their price target on shares of Public Service Enterprise Group from $98.00 to $88.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Evercore ISI boosted their price target on shares of Public Service Enterprise Group from $92.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Finally, UBS Group boosted 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 report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.17.

Insiders Place Their Bets

In other news, CEO Ralph A. Larossa sold 1,378 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $84.91, for a total value of $117,005.98. Following the sale, the chief executive officer now directly owns 144,212 shares of the company’s stock, valued at approximately $12,245,040.92. This represents a 0.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Kim C. Hanemann sold 956 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $90.09, for a total transaction of $86,126.04. Following the completion of the sale, the chief operating officer now directly owns 70,011 shares in the company, valued at approximately $6,307,290.99. The trade was a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,234 shares of company stock valued at $722,037 in the last three months. 0.18% of the stock is currently owned by corporate insiders.

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.