Public Service Enterprise Group Incorporated (PEG) Shares Bought by CENTRAL TRUST Co

CENTRAL TRUST Co boosted its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 77.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,894 shares of the utilities provider’s stock after buying an additional 2,571 shares during the period. CENTRAL TRUST Co’s holdings in Public Service Enterprise Group were worth $253,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PEG. Bronfman E.L. Rothschild L.P. boosted its stake in Public Service Enterprise Group by 19.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,314 shares of the utilities provider’s stock valued at $103,000 after buying an additional 381 shares during the period. Parallel Advisors LLC boosted its stake in Public Service Enterprise Group by 0.8% in the first quarter. Parallel Advisors LLC now owns 2,615 shares of the utilities provider’s stock valued at $114,000 after buying an additional 20 shares during the period. Kistler Tiffany Companies LLC boosted its stake in Public Service Enterprise Group by 3.8% in the first quarter. Kistler Tiffany Companies LLC now owns 2,684 shares of the utilities provider’s stock valued at $119,000 after buying an additional 99 shares during the period. YorkBridge Wealth Partners LLC boosted its stake in Public Service Enterprise Group by 21.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,065 shares of the utilities provider’s stock valued at $134,000 after buying an additional 543 shares during the period. Finally, Barrett Asset Management LLC boosted its stake in Public Service Enterprise Group by 35.6% in the first quarter. Barrett Asset Management LLC now owns 3,525 shares of the utilities provider’s stock valued at $156,000 after buying an additional 925 shares during the period. 65.76% of the stock is owned by institutional investors and hedge funds.

Public Service Enterprise Group Incorporated (NYSE PEG) traded down 0.18% during mid-day trading on Friday, hitting $45.53. The company had a trading volume of 2,529,073 shares. Public Service Enterprise Group Incorporated has a one year low of $39.28 and a one year high of $46.14. The company has a market cap of $23.03 billion, a PE ratio of 51.16 and a beta of 0.38. The company’s 50 day moving average price is $43.92 and its 200-day moving average price is $44.18.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.05. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Public Service Enterprise Group had a return on equity of 11.46% and a net margin of 4.88%. During the same quarter last year, the company earned $0.57 EPS. Equities research analysts anticipate that Public Service Enterprise Group Incorporated will post $2.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, September 7th. Public Service Enterprise Group’s payout ratio is 193.26%.

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Several research firms have recently commented on PEG. Morgan Stanley upped their price target on Public Service Enterprise Group from $50.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday. Mizuho upgraded Public Service Enterprise Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $44.50 to $50.00 in a research note on Friday. Citigroup Inc. reiterated a “neutral” rating and issued a $49.00 price objective (up previously from $44.00) on shares of Public Service Enterprise Group in a research report on Thursday. Zacks Investment Research cut Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Barclays PLC increased their price objective on Public Service Enterprise Group from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $48.21.

In other news, COO Ralph A. Larossa sold 24,021 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $43.55, for a total value of $1,046,114.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Ralph Izzo sold 30,000 shares of Public Service Enterprise Group stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $42.83, for a total value of $1,284,900.00. Following the transaction, the chairman now owns 748,121 shares of the company’s stock, valued at approximately $32,042,022.43. The disclosure for this sale can be found here. Insiders sold a total of 77,421 shares of company stock valued at $3,389,397 in the last 90 days. 0.61% of the stock is owned by corporate insiders.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated (PSEG) is a holding company. The Company is an energy company with operations located primarily in the Northeastern and Mid-Atlantic United States. The Company’s segments include Public Service Electric and Gas Company (PSE&G), PSEG Power LLC (Power) and Other.

Institutional Ownership by Quarter for Public Service Enterprise Group (NYSE:PEG)

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