11,345 Shares in Public Service Enterprise Group Inc. (PEG) Acquired by Chartist Inc. CA

Chartist Inc. CA purchased a new position in shares of Public Service Enterprise Group Inc. (NYSE:PEG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,345 shares of the utilities provider’s stock, valued at approximately $584,000. Public Service Enterprise Group makes up 0.3% of Chartist Inc. CA’s portfolio, making the stock its 19th biggest holding.

A number of other large investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in Public Service Enterprise Group by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 911,146 shares of the utilities provider’s stock valued at $39,188,000 after purchasing an additional 14,037 shares during the period. Janus Henderson Group PLC increased its stake in Public Service Enterprise Group by 529.9% in the second quarter. Janus Henderson Group PLC now owns 417,887 shares of the utilities provider’s stock valued at $17,974,000 after purchasing an additional 351,547 shares during the period. Gotham Asset Management LLC acquired a new position in Public Service Enterprise Group in the second quarter valued at $535,000. WINTON GROUP Ltd increased its stake in Public Service Enterprise Group by 31.8% in the second quarter. WINTON GROUP Ltd now owns 28,839 shares of the utilities provider’s stock valued at $1,240,000 after purchasing an additional 6,957 shares during the period. Finally, Advisory Services Network LLC increased its stake in Public Service Enterprise Group by 11.7% in the second quarter. Advisory Services Network LLC now owns 5,149 shares of the utilities provider’s stock valued at $221,000 after purchasing an additional 541 shares during the period. Hedge funds and other institutional investors own 66.78% of the company’s stock.

Shares of Public Service Enterprise Group Inc. (PEG) traded up $0.85 during midday trading on Thursday, hitting $49.38. 1,261,495 shares of the company’s stock traded hands, compared to its average volume of 3,680,925. Public Service Enterprise Group Inc. has a 12 month low of $41.67 and a 12 month high of $53.28. The stock has a market capitalization of $24,942.65, a P/E ratio of 47.66, a PEG ratio of 4.18 and a beta of 0.39. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 0.86.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 8th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Wednesday, March 7th. This is an increase from Public Service Enterprise Group’s previous quarterly dividend of $0.43. Public Service Enterprise Group’s dividend payout ratio is 166.99%.

A number of research analysts have commented on PEG shares. ValuEngine upgraded shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Tuesday, February 13th. Guggenheim reaffirmed a “buy” rating and issued a $58.00 target price on shares of Public Service Enterprise Group in a report on Wednesday, January 3rd. Argus lifted their target price on shares of Public Service Enterprise Group from $51.00 to $56.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Mizuho downgraded shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating in a report on Monday, February 5th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $51.04.

In other Public Service Enterprise Group news, Chairman Ralph Izzo sold 20,833 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $51.25, for a total value of $1,067,691.25. Following the sale, the chairman now owns 645,934 shares of the company’s stock, valued at $33,104,117.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 62,499 shares of company stock worth $3,232,240 in the last ninety days. Insiders own 0.61% of the company’s stock.

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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.

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

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