Vantage Investment Advisors LLC Has $115,000 Position in Public Service Enterprise Group Incorporated (PEG)

Vantage Investment Advisors LLC increased its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 35.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,685 shares of the utilities provider’s stock after purchasing an additional 700 shares during the period. Vantage Investment Advisors LLC’s holdings in Public Service Enterprise Group were worth $115,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. FMR LLC grew its stake in shares of Public Service Enterprise Group by 1.9% during the first quarter. FMR LLC now owns 2,166,576 shares of the utilities provider’s stock worth $96,088,000 after purchasing an additional 40,125 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Public Service Enterprise Group by 3.4% during the first quarter. Vanguard Group Inc. now owns 35,042,083 shares of the utilities provider’s stock worth $1,554,116,000 after purchasing an additional 1,144,077 shares in the last quarter. Peapack Gladstone Financial Corp grew its stake in shares of Public Service Enterprise Group by 6.6% during the first quarter. Peapack Gladstone Financial Corp now owns 151,656 shares of the utilities provider’s stock worth $6,726,000 after purchasing an additional 9,338 shares in the last quarter. Airain ltd acquired a new position in shares of Public Service Enterprise Group during the second quarter worth $5,205,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Public Service Enterprise Group by 6.0% during the first quarter. Envestnet Asset Management Inc. now owns 65,400 shares of the utilities provider’s stock worth $2,900,000 after purchasing an additional 3,677 shares in the last quarter. Hedge funds and other institutional investors own 65.97% of the company’s stock.

A number of brokerages recently commented on PEG. Zacks Investment Research downgraded shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Morgan Stanley boosted their price target on shares of Public Service Enterprise Group from $50.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Wolfe Research raised shares of Public Service Enterprise Group from an “underperform” rating to a “market perform” rating in a research report on Monday, July 17th. Mizuho raised shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $44.50 to $50.00 in a research report on Friday, August 11th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $49.00 price target (up from $44.00) on shares of Public Service Enterprise Group in a research report on Thursday, August 10th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $48.38.

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Public Service Enterprise Group Incorporated (NYSE PEG) traded up 0.89% on Friday, reaching $46.45. 2,043,428 shares of the company traded hands. Public Service Enterprise Group Incorporated has a 12 month low of $39.28 and a 12 month high of $47.47. The company has a market capitalization of $23.50 billion, a P/E ratio of 52.19 and a beta of 0.39. The company has a 50-day moving average price of $45.94 and a 200-day moving average price of $44.61.

Public Service Enterprise Group (NYSE:PEG) last issued 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 firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.33 billion. Public Service Enterprise Group had a net margin of 4.88% and a return on equity of 11.46%. During the same period last year, the firm posted $0.57 EPS. Equities research analysts expect that Public Service Enterprise Group Incorporated will post $2.92 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.70%. Public Service Enterprise Group’s dividend payout ratio (DPR) is 193.26%.

In other Public Service Enterprise Group news, Chairman Ralph Izzo sold 23,400 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $45.23, for a total transaction of $1,058,382.00. Following the sale, the chairman now directly owns 748,474 shares in the company, valued at approximately $33,853,479.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Derek M. Dirisio sold 1,500 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $47.11, for a total transaction of $70,665.00. The disclosure for this sale can be found here. Insiders have sold a total of 54,900 shares of company stock worth $2,413,947 over the last 90 days. 0.61% of the stock is owned by insiders.

Public Service Enterprise Group 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.

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

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