Mn Services Vermogensbeheer B.V. Has $14.37 Million Position in Public Service Enterprise Group Incorporated (NYSE:PEG)

Mn Services Vermogensbeheer B.V. cut its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG) by 3.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 235,017 shares of the utilities provider’s stock after selling 8,800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Public Service Enterprise Group were worth $14,371,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. D.A. Davidson & CO. lifted its position in Public Service Enterprise Group by 7.5% in the 1st quarter. D.A. Davidson & CO. now owns 3,657 shares of the utilities provider’s stock valued at $256,000 after acquiring an additional 256 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Public Service Enterprise Group by 6.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,318,721 shares of the utilities provider’s stock worth $92,310,000 after buying an additional 83,174 shares in the last quarter. Prudential PLC acquired a new stake in Public Service Enterprise Group in the 1st quarter valued at approximately $798,000. Cetera Investment Advisers lifted its stake in Public Service Enterprise Group by 1.3% in the 1st quarter. Cetera Investment Advisers now owns 25,619 shares of the utilities provider’s stock valued at $1,793,000 after acquiring an additional 332 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Public Service Enterprise Group during the 1st quarter worth approximately $214,000. 73.34% of the stock is owned by institutional investors.

Public Service Enterprise Group Price Performance

Public Service Enterprise Group stock opened at $65.87 on Monday. The company has a market capitalization of $32.84 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 2.88 and a beta of 0.58. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 1.15. Public Service Enterprise Group Incorporated has a 12 month low of $53.71 and a 12 month high of $67.51. The stock’s 50 day moving average is $63.19 and its 200-day moving average is $61.69.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings data on Monday, February 26th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. Public Service Enterprise Group had a return on equity of 11.53% and a net margin of 22.81%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter last year, the business earned $0.64 EPS. The company’s quarterly revenue was down 17.0% compared to the same quarter last year. Equities research analysts expect that Public Service Enterprise Group Incorporated will post 3.66 EPS for the current year.

Public Service Enterprise Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were given a dividend of $0.60 per share. This is a positive change from Public Service Enterprise Group’s previous quarterly dividend of $0.57. The ex-dividend date was Thursday, March 7th. This represents a $2.40 annualized dividend and a dividend yield of 3.64%. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently 46.78%.

Analyst Ratings Changes

A number of analysts have recently issued reports on PEG shares. TheStreet upgraded shares of Public Service Enterprise Group from a “c+” rating to a “b-” rating in a report on Wednesday, March 6th. Barclays increased their price objective on shares of Public Service Enterprise Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Morgan Stanley reiterated an “overweight” rating and set a $70.00 target price (up previously from $61.00) on shares of Public Service Enterprise Group in a report on Monday, March 25th. Bank of America raised their price target on Public Service Enterprise Group from $66.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Finally, Guggenheim cut Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.33.

Insider Activity at Public Service Enterprise Group

In related news, CEO Ralph A. Larossa sold 1,374 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $63.00, for a total value of $86,562.00. Following the completion of the transaction, the chief executive officer now owns 153,721 shares of the company’s stock, valued at approximately $9,684,423. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 4,800 shares of Public Service Enterprise Group stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $64.18, for a total transaction of $308,064.00. Following the transaction, the senior vice president now directly owns 31,122 shares of the company’s stock, valued at approximately $1,997,409.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ralph A. Larossa sold 1,374 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $63.00, for a total value of $86,562.00. Following the completion of the sale, the chief executive officer now owns 153,721 shares in the company, valued at approximately $9,684,423. The disclosure for this sale can be found here. Insiders have sold 7,948 shares of company stock valued at $510,300 over the last three months. 0.18% of the stock is owned by insiders.

Public Service Enterprise Group Profile

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.