Public Service Enterprise Group Incorporated (NYSE:PEG) Stock Holdings Increased by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC grew its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,892 shares of the utilities provider’s stock after buying an additional 210 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Public Service Enterprise Group were worth $836,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PEG. Patton Albertson Miller Group LLC boosted its holdings in Public Service Enterprise Group by 2.7% in the fourth quarter. Patton Albertson Miller Group LLC now owns 83,544 shares of the utilities provider’s stock worth $7,059,000 after purchasing an additional 2,192 shares during the period. Flagship Harbor Advisors LLC acquired a new position in shares of Public Service Enterprise Group in the 4th quarter valued at about $375,000. Stewardship Advisors LLC grew its position in shares of Public Service Enterprise Group by 6.8% during the 4th quarter. Stewardship Advisors LLC now owns 3,091 shares of the utilities provider’s stock valued at $261,000 after buying an additional 198 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in Public Service Enterprise Group by 6.3% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 47,076 shares of the utilities provider’s stock worth $3,977,000 after acquiring an additional 2,803 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in Public Service Enterprise Group by 0.4% in the fourth quarter. Fifth Third Bancorp now owns 35,384 shares of the utilities provider’s stock worth $2,990,000 after acquiring an additional 139 shares during the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Richard T. Thigpen sold 5,900 shares of the company’s 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 completion of the sale, the senior vice president now directly owns 25,829 shares of the company’s stock, valued at $2,271,660.55. This represents a 18.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ralph A. Larossa sold 1,378 shares of Public Service Enterprise Group stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $84.91, for a total value of $117,005.98. Following the completion of the transaction, the chief executive officer now directly owns 144,212 shares in the company, valued at $12,245,040.92. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,234 shares of company stock worth $722,037. 0.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PEG. Guggenheim reiterated a “buy” rating on shares of Public Service Enterprise Group in a research report on Wednesday, December 11th. UBS Group increased their target price 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. Barclays lowered 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 research report on Tuesday, November 5th. BMO Capital Markets lifted their price objective on shares of Public Service Enterprise Group from $86.00 to $89.00 and gave the company a “market perform” rating in a research report on Monday, October 21st. Finally, Scotiabank upped their target price on shares of 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. Four investment 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.17.

Public Service Enterprise Group Stock Performance

PEG opened at $88.04 on Friday. Public Service Enterprise Group Incorporated has a 1-year low of $56.91 and a 1-year high of $95.22. The company has a market capitalization of $43.86 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 2.82 and a beta of 0.65. The business has a 50 day moving average price of $87.80 and a two-hundred day moving average price of $84.86. 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 (NYSE:PEG) last announced its earnings results on Monday, November 4th. The utilities provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.03. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter last year, the business posted $0.85 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. Research analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Tuesday, December 10th. Public Service Enterprise Group’s payout ratio is 58.97%.

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.