Ralph Izzo Sells 39,960 Shares of Public Service Enterprise Group Incorporated (PEG) Stock

Public Service Enterprise Group Incorporated (NYSE:PEG) Chairman Ralph Izzo sold 39,960 shares of the stock in a transaction on Friday, October 13th. The stock was sold at an average price of $49.20, for a total value of $1,966,032.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ralph Izzo also recently made the following trade(s):

  • On Thursday, October 26th, Ralph Izzo sold 6,427 shares of Public Service Enterprise Group stock. The stock was sold at an average price of $49.45, for a total value of $317,815.15.
  • On Thursday, October 12th, Ralph Izzo sold 79,920 shares of Public Service Enterprise Group stock. The stock was sold at an average price of $48.83, for a total value of $3,902,493.60.
  • On Monday, October 2nd, Ralph Izzo sold 20,833 shares of Public Service Enterprise Group stock. The stock was sold at an average price of $46.50, for a total value of $968,734.50.
  • On Tuesday, August 1st, Ralph Izzo sold 23,400 shares of Public Service Enterprise Group stock. The stock was sold at an average price of $45.23, for a total value of $1,058,382.00.

Shares of Public Service Enterprise Group Incorporated (NYSE:PEG) opened at 49.49 on Friday. The company has a 50-day moving average price of $47.12 and a 200 day moving average price of $45.20. The firm has a market capitalization of $25.04 billion, a P/E ratio of 55.61 and a beta of 0.38. Public Service Enterprise Group Incorporated has a one year low of $39.28 and a one year high of $49.64.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the previous year, the business earned $0.57 EPS. Analysts expect that Public Service Enterprise Group Incorporated will post $2.92 earnings per share for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the stock. Hudock Capital Group LLC lifted its stake in shares of 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 purchasing an additional 735 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of 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 purchasing an additional 20 shares during the last quarter. Vantage Investment Advisors LLC lifted its stake in shares of 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 purchasing an additional 700 shares during the last quarter. IHT Wealth Management LLC lifted its stake in shares of Public Service Enterprise Group by 45.9% in the 2nd quarter. IHT Wealth Management LLC now owns 642 shares of the utilities provider’s stock valued at $131,000 after purchasing an additional 202 shares during the last quarter. Finally, Gradient Investments LLC lifted its stake in shares of 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 purchasing an additional 2,484 shares during the last quarter. 65.89% of the stock is owned by institutional investors and hedge funds.

PEG has been the topic of a number of recent analyst reports. Zacks Investment Research raised 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 raised Public Service Enterprise Group from an “underperform” rating to a “market perform” rating in a research note on Monday, July 17th. BidaskClub raised Public Service Enterprise Group from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Citigroup Inc. reissued a “neutral” rating and set a $49.00 price target (up previously from $44.00) on shares of Public Service Enterprise Group in a research note on Thursday, August 10th. Finally, Morgan Stanley upped their price objective on Public Service Enterprise Group from $50.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $50.42.

About Public Service Enterprise Group

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.

Insider Buying and Selling by Quarter for Public Service Enterprise Group (NYSE:PEG)

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