Public Service Enterprise Group Incorporated (PEG) Holdings Boosted by Voya Investment Management LLC

Voya Investment Management LLC raised its position in Public Service Enterprise Group Incorporated (NYSE:PEG) by 7.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 336,075 shares of the utilities provider’s stock after buying an additional 22,109 shares during the quarter. Voya Investment Management LLC owned about 0.07% of Public Service Enterprise Group worth $14,455,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Hudock Capital Group LLC increased its holdings in Public Service Enterprise Group by 38.8% in the 2nd quarter. Hudock Capital Group LLC now owns 2,629 shares of the utilities provider’s stock valued at $113,000 after buying an additional 735 shares during the period. Parallel Advisors LLC increased its holdings in Public Service Enterprise Group by 0.8% in the 1st quarter. Parallel Advisors LLC now owns 2,615 shares of the utilities provider’s stock valued at $114,000 after buying an additional 20 shares during the period. Vantage Investment Advisors LLC increased its holdings in Public Service Enterprise Group by 35.3% in the 2nd quarter. Vantage Investment Advisors LLC now owns 2,685 shares of the utilities provider’s stock valued at $115,000 after buying an additional 700 shares during the period. Gradient Investments LLC increased its holdings in Public Service Enterprise Group by 331.2% in the 2nd quarter. Gradient Investments LLC now owns 3,234 shares of the utilities provider’s stock valued at $139,000 after buying an additional 2,484 shares during the period. Finally, Paradigm Asset Management Co. LLC increased its holdings in Public Service Enterprise Group by 217.4% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 3,650 shares of the utilities provider’s stock valued at $157,000 after buying an additional 2,500 shares during the period. 65.88% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on PEG shares. BidaskClub downgraded shares of Public Service Enterprise Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Public Service Enterprise Group in a research note on Tuesday, June 27th. Zacks Investment Research upgraded shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Tuesday, July 4th. Wolfe Research upgraded shares of Public Service Enterprise Group from an “underperform” rating to a “market perform” rating in a research note on Monday, July 17th. Finally, Citigroup Inc. restated a “neutral” rating and issued a $49.00 price target (up from $44.00) on shares of Public Service Enterprise Group in a research note on Thursday, August 10th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $49.13.

In other Public Service Enterprise Group news, insider Derek M. Dirisio sold 1,500 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $47.11, for a total transaction of $70,665.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Ralph Izzo sold 23,400 shares of the stock in a transaction that occurred on 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 transaction, the chairman now owns 748,474 shares in the company, valued at $33,853,479.02. The disclosure for this sale can be found here. Insiders have sold 45,733 shares of company stock worth $2,097,782 over the last quarter. Company insiders own 0.61% of the company’s stock.

Shares of Public Service Enterprise Group Incorporated (PEG) opened at 46.99 on Thursday. The firm has a market capitalization of $23.77 billion, a P/E ratio of 52.80 and a beta of 0.38. The company’s 50-day moving average is $46.41 and its 200 day moving average is $44.77. Public Service Enterprise Group Incorporated has a 52-week low of $39.28 and a 52-week high of $47.47.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. Public Service Enterprise Group had a net margin of 4.88% and a return on equity of 11.46%. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the business earned $0.57 earnings per share. Analysts expect that Public Service Enterprise Group Incorporated will post $2.92 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Thursday, September 7th. Public Service Enterprise Group’s payout ratio is currently 193.26%.

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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.

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

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