ST Germain D J Co. Inc. Sells 1,100 Shares of Public Service Enterprise Group Incorporated (NYSE:PEG)

ST Germain D J Co. Inc. decreased its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 17.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,226 shares of the utilities provider’s stock after selling 1,100 shares during the period. ST Germain D J Co. Inc.’s holdings in Public Service Enterprise Group were worth $442,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its position in shares of Public Service Enterprise Group by 5.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 82,575 shares of the utilities provider’s stock valued at $7,367,000 after acquiring an additional 4,072 shares during the last quarter. Douglas Lane & Associates LLC grew its holdings in shares of Public Service Enterprise Group by 6.2% in the 4th quarter. Douglas Lane & Associates LLC now owns 2,468 shares of the utilities provider’s stock valued at $208,000 after buying an additional 144 shares during the period. Innova Wealth Partners acquired a new position in shares of Public Service Enterprise Group in the 4th quarter valued at $304,000. Fortem Financial Group LLC grew its holdings in shares of Public Service Enterprise Group by 2.0% in the 4th quarter. Fortem Financial Group LLC now owns 8,392 shares of the utilities provider’s stock valued at $709,000 after buying an additional 164 shares during the period. Finally, Pensionfund Sabic grew its holdings in shares of Public Service Enterprise Group by 26.3% in the 4th quarter. Pensionfund Sabic now owns 19,200 shares of the utilities provider’s stock valued at $1,622,000 after buying an additional 4,000 shares during the period. Institutional investors own 73.34% of the company’s stock.

Public Service Enterprise Group Trading Down 1.2 %

Shares of NYSE:PEG opened at $84.28 on Friday. The company’s 50-day moving average price is $87.44 and its two-hundred day moving average price is $83.91. 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 $41.99 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 3.18 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 Dividend Announcement

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 was Tuesday, December 10th. This represents a $2.40 annualized dividend and a yield of 2.85%. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 58.97%.

Wall Street Analysts Forecast Growth

PEG has been the subject of several research analyst reports. 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. Jefferies Financial Group initiated coverage on shares of Public Service Enterprise Group in a report on Friday, September 13th. They issued a “hold” rating and a $85.00 price target for the company. 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. Guggenheim reissued a “buy” rating on shares of Public Service Enterprise Group in a report on Wednesday, December 11th. Finally, 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. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Public Service Enterprise Group presently has an average rating of “Moderate Buy” and a consensus target price of $89.17.

Insider Activity

In related news, SVP Richard T. Thigpen sold 5,900 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $87.95, for a total value of $518,905.00. Following the completion of the sale, the senior vice president now directly owns 25,829 shares in the company, valued at approximately $2,271,660.55. This trade represents a 18.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ralph A. Larossa sold 1,378 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $84.91, for a total transaction of $117,005.98. Following the completion of the sale, the chief executive officer now owns 144,212 shares of the company’s stock, valued at $12,245,040.92. This trade represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,234 shares of company stock valued at $722,037. 0.57% of the stock is owned by company 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.