Aptus Capital Advisors LLC Has $307,000 Stock Position in Public Service Enterprise Group Incorporated (NYSE:PEG)

Aptus Capital Advisors LLC raised its holdings in Public Service Enterprise Group Incorporated (NYSE:PEGFree Report) by 17.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,393 shares of the utilities provider’s stock after purchasing an additional 812 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Public Service Enterprise Group were worth $307,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PEG. Union Savings Bank acquired a new position in shares of Public Service Enterprise Group during the second quarter valued at $28,000. ICA Group Wealth Management LLC acquired a new position in shares of Public Service Enterprise Group during the fourth quarter valued at $31,000. Clear Street Markets LLC acquired a new position in shares of Public Service Enterprise Group during the fourth quarter valued at $31,000. CNB Bank acquired a new position in shares of Public Service Enterprise Group during the third quarter valued at $34,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Public Service Enterprise Group by 84.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 628 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 287 shares during the period. Institutional investors own 72.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PEG. Guggenheim lowered Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research note on Monday, January 22nd. TheStreet lowered Public Service Enterprise Group from a “b-” rating to a “c+” rating in a research note on Wednesday, January 24th. Morgan Stanley increased their target price on Public Service Enterprise Group from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, November 21st. JPMorgan Chase & Co. increased their target price on Public Service Enterprise Group from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, December 1st. Finally, Barclays increased their target price on Public Service Enterprise Group from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $63.95.

Get Our Latest Stock Analysis on PEG

Public Service Enterprise Group Stock Up 0.4 %

NYSE:PEG opened at $58.42 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.45 and a current ratio of 0.63. The company has a market cap of $29.11 billion, a PE ratio of 10.41, a PEG ratio of 3.22 and a beta of 0.57. Public Service Enterprise Group Incorporated has a 52-week low of $53.71 and a 52-week high of $65.46. The stock has a 50-day simple moving average of $60.42 and a 200 day simple moving average of $60.77.

Public Service Enterprise Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were given a dividend of $0.57 per share. The ex-dividend date was Thursday, December 7th. This represents a $2.28 annualized dividend and a yield of 3.90%. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 40.64%.

Insider Activity at Public Service Enterprise Group

In other news, CEO Ralph A. Larossa sold 1,374 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $63.01, for a total value of $86,575.74. Following the completion of the sale, the chief executive officer now directly owns 110,702 shares of the company’s stock, valued at $6,975,333.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 1,974 shares of company stock valued at $123,226. Insiders own 0.57% of the company’s stock.

Public Service Enterprise Group Profile

(Free Report)

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in Mid-Atlantic United States. The company operates through PSE&G and PSEG Power. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs.

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

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