Public Service Enterprise Group Inc. (PEG) EVP Tamara Louise Linde Sells 16,400 Shares

Public Service Enterprise Group Inc. (NYSE:PEG) EVP Tamara Louise Linde sold 16,400 shares of the business’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $50.36, for a total transaction of $825,904.00. Following the sale, the executive vice president now owns 51,604 shares of the company’s stock, valued at $2,598,777.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of PEG stock opened at $50.87 on Wednesday. Public Service Enterprise Group Inc. has a 1 year low of $41.67 and a 1 year high of $53.28. The company has a quick ratio of 0.59, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. The firm has a market cap of $25,177.66, a PE ratio of 17.36, a price-to-earnings-growth ratio of 4.07 and a beta of 0.39.

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Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings data on Friday, February 23rd. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. Public Service Enterprise Group had a net margin of 17.33% and a return on equity of 11.25%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. sell-side analysts forecast that Public Service Enterprise Group Inc. will post 3.15 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 8th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.54%. Public Service Enterprise Group’s payout ratio is 61.43%.

A number of equities research analysts have weighed in on the stock. Wells Fargo reiterated an “outperform” rating and set a $56.00 target price (down from $59.00) on shares of Public Service Enterprise Group in a research note on Monday, February 26th. Guggenheim reiterated a “buy” rating and set a $56.00 target price on shares of Public Service Enterprise Group in a research note on Friday, February 23rd. Zacks Investment Research lowered shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research note on Monday, February 19th. Morgan Stanley decreased their target price on shares of Public Service Enterprise Group from $54.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, February 13th. Finally, Mizuho lowered shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating in a research note on Monday, February 5th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $51.61.

Hedge funds have recently modified their holdings of the company. Prentiss Smith & Co. Inc. bought a new position in Public Service Enterprise Group in the 4th quarter worth $113,000. Avestar Capital LLC bought a new position in Public Service Enterprise Group in the 4th quarter worth $106,000. Gradient Investments LLC bought a new position in Public Service Enterprise Group in the 4th quarter worth $163,000. Tower Research Capital LLC TRC boosted its holdings in Public Service Enterprise Group by 253.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,790 shares of the utilities provider’s stock worth $195,000 after buying an additional 2,717 shares during the period. Finally, HM Payson & Co. bought a new position in Public Service Enterprise Group in the 4th quarter worth $206,000. 68.37% of the stock is owned by hedge funds and other institutional investors.

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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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