American National Registered Investment Advisor Inc. Has $452,000 Position in Public Service Enterprise Group Inc. (PEG)

American National Registered Investment Advisor Inc. maintained its stake in shares of Public Service Enterprise Group Inc. (NYSE:PEG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,200 shares of the utilities provider’s stock at the end of the first quarter. American National Registered Investment Advisor Inc.’s holdings in Public Service Enterprise Group were worth $452,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Mascoma Wealth Management LLC purchased a new position in shares of Public Service Enterprise Group during the fourth quarter valued at approximately $110,000. Parallel Advisors LLC bought a new position in Public Service Enterprise Group during the fourth quarter valued at about $114,000. TLP Group LLC bought a new position in Public Service Enterprise Group during the third quarter valued at about $120,000. First Bank & Trust bought a new position in Public Service Enterprise Group during the fourth quarter valued at about $137,000. Finally, CENTRAL TRUST Co raised its stake in shares of Public Service Enterprise Group by 10.4% in the first quarter. CENTRAL TRUST Co now owns 3,323 shares of the utilities provider’s stock valued at $147,000 after buying an additional 314 shares during the period. Institutional investors own 63.26% of the company’s stock.

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

Public Service Enterprise Group Inc. (NYSE:PEG) traded up 0.30% during trading on Friday, hitting $43.92. The stock had a trading volume of 1,594,092 shares. The company’s 50 day moving average is $44.17 and its 200-day moving average is $43.49. The company has a market cap of $22.22 billion, a PE ratio of 42.23 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 $46.81.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Friday, April 28th. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.08. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Public Service Enterprise Group had a return on equity of 10.91% and a net margin of 13.99%. During the same quarter last year, the firm earned $0.91 earnings per share. On average, equities research analysts predict that Public Service Enterprise Group Inc. will post $2.90 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 9th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $1.72 annualized dividend and a yield of 3.93%. Public Service Enterprise Group’s dividend payout ratio (DPR) is 64.57%.

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PEG has been the topic of a number of recent analyst reports. Deutsche Bank AG reduced their price target on shares of 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. Barclays PLC lowered their target price on shares of Public Service Enterprise Group from $49.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $46.50 price target (up previously from $43.50) on shares of Public Service Enterprise Group in a research note on Monday, February 27th. Wells Fargo & Co lowered shares of Public Service Enterprise Group from an “outperform” rating to a “market perform” rating in a research report on Monday, February 27th. Finally, Mizuho began coverage on shares of Public Service Enterprise Group in a report on Wednesday, April 19th. They issued a “neutral” rating and a $44.50 target price on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $46.36.

In related news, insider Derek M. Dirisio sold 2,000 shares of Public Service Enterprise Group stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $43.86, for a total value of $87,720.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Ralph Izzo sold 30,000 shares of Public Service Enterprise Group stock in a transaction dated 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 in the company, valued at approximately $32,748,878.48. The disclosure for this sale can be found here. Insiders sold 92,000 shares of company stock valued at $4,058,520 over the last ninety days. Insiders own 0.71% 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

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