Ralph Izzo Sells 30,000 Shares of Public Service Enterprise Group Inc. (PEG) Stock

Public Service Enterprise Group Inc. (NYSE:PEG) Chairman Ralph Izzo sold 30,000 shares of the company’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $44.14, for a total value of $1,324,200.00. Following the sale, the chairman now owns 741,932 shares of the company’s stock, valued at approximately $32,748,878.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ralph Izzo also recently made the following trade(s):

  • On Wednesday, February 1st, Ralph Izzo sold 24,108 shares of Public Service Enterprise Group stock. The shares were sold at an average price of $43.79, for a total value of $1,055,689.32.

Public Service Enterprise Group Inc. (NYSE:PEG) traded up 0.552% during midday trading on Friday, hitting $44.615. The stock had a trading volume of 2,536,414 shares. The stock has a market cap of $22.58 billion, a price-to-earnings ratio of 25.494 and a beta of 0.33. Public Service Enterprise Group Inc. has a 12 month low of $39.28 and a 12 month high of $47.11. The stock has a 50 day moving average of $44.76 and a 200 day moving average of $43.10.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings data on Friday, February 24th. The utilities provider reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. Public Service Enterprise Group had a net margin of 13.99% and a return on equity of 10.91%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. Analysts expect that Public Service Enterprise Group Inc. will post $2.90 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Public Service Enterprise Group (NYSE:PEG)

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 9th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Wednesday, June 7th. Public Service Enterprise Group’s payout ratio is presently 64.57%.

TRADEMARK VIOLATION NOTICE: “Ralph Izzo Sells 30,000 Shares of Public Service Enterprise Group Inc. (PEG) Stock” was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://sportsperspectives.com/2017/04/21/public-service-enterprise-group-inc-peg-chairman-sells-1324200-00-in-stock-2-updated.html.

PEG has been the subject of a number of research analyst reports. Jefferies Group LLC restated a “hold” rating and issued a $46.50 target price (up previously from $43.50) on shares of Public Service Enterprise Group in a research note on Monday, February 27th. Wells Fargo & Co lowered Public Service Enterprise Group from an “outperform” rating to a “market perform” rating in a research note on Monday, February 27th. Royal Bank of Canada cut their price target on Public Service Enterprise Group from $48.00 to $47.00 and set a “sector perform” rating on the stock in a research report on Friday, March 10th. Barclays PLC cut their price target on Public Service Enterprise Group from $49.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 4th. Finally, Deutsche Bank AG cut their price target on Public Service Enterprise Group from $49.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $46.55.

A number of hedge funds have recently bought and sold shares of PEG. State Street Corp increased its stake in shares of Public Service Enterprise Group by 2.4% in the fourth quarter. State Street Corp now owns 26,757,165 shares of the utilities provider’s stock worth $1,174,104,000 after buying an additional 617,452 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in Public Service Enterprise Group by 1.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 13,577,211 shares of the utilities provider’s stock worth $568,478,000 after buying an additional 148,158 shares in the last quarter. AQR Capital Management LLC boosted its position in Public Service Enterprise Group by 6.1% in the fourth quarter. AQR Capital Management LLC now owns 9,408,592 shares of the utilities provider’s stock worth $412,849,000 after buying an additional 543,296 shares in the last quarter. Nordea Investment Management AB boosted its position in Public Service Enterprise Group by 67.0% in the third quarter. Nordea Investment Management AB now owns 9,042,998 shares of the utilities provider’s stock worth $378,630,000 after buying an additional 3,629,004 shares in the last quarter. Finally, Norges Bank acquired a new position in Public Service Enterprise Group during the fourth quarter worth approximately $230,771,000. Hedge funds and other institutional investors own 63.26% of the company’s stock.

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.

5 Day Chart for NYSE:PEG

Receive News & Ratings for Public Service Enterprise Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Service Enterprise Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply