Yousif Capital Management LLC Purchases 281 Shares of Public Service Enterprise Group Incorporated (NYSE:PEG)

Yousif Capital Management LLC lifted its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG – Get Rating) by 0.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,399 shares of the utilities provider’s stock after acquiring an additional 281 shares during the quarter. Yousif Capital Management LLC’s holdings in Public Service Enterprise Group were worth $5,589,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PEG. D.A. Davidson & CO. raised its position in shares of Public Service Enterprise Group by 7.5% during the first quarter. D.A. Davidson & CO. now owns 3,657 shares of the utilities provider’s stock worth $256,000 after acquiring an additional 256 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Public Service Enterprise Group by 6.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,318,721 shares of the utilities provider’s stock valued at $92,310,000 after purchasing an additional 83,174 shares during the last quarter. Prudential PLC bought a new stake in Public Service Enterprise Group in the first quarter valued at about $798,000. Cetera Investment Advisers increased its holdings in Public Service Enterprise Group by 1.3% in the first quarter. Cetera Investment Advisers now owns 25,619 shares of the utilities provider’s stock valued at $1,793,000 after purchasing an additional 332 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in Public Service Enterprise Group in the first quarter valued at about $214,000. Institutional investors own 70.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on PEG shares. Morgan Stanley upped their price objective on Public Service Enterprise Group from $69.00 to $70.00 and gave the company an “overweight” rating in a report on Monday. StockNews.com cut Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 1st. Guggenheim decreased their target price on Public Service Enterprise Group to $67.00 in a research note on Friday, November 4th. The Goldman Sachs Group boosted their target price on Public Service Enterprise Group from $75.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, October 4th. Finally, Wolfe Research cut Public Service Enterprise Group from an “outperform” rating to a “peer perform” rating in a research note on Thursday, November 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $67.55.

Public Service Enterprise Group Stock Up 0.1 %

PEG stock opened at $60.95 on Wednesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.60 and a quick ratio of 0.46. The stock has a market capitalization of $30.41 billion, a P/E ratio of 44.82, a P/E/G ratio of 5.37 and a beta of 0.56. The business has a 50-day moving average of $60.58 and a 200-day moving average of $61.28. Public Service Enterprise Group Incorporated has a fifty-two week low of $52.51 and a fifty-two week high of $75.61.

Public Service Enterprise Group (NYSE:PEG – Get Rating) last posted its quarterly earnings data on Monday, October 31st. The utilities provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Public Service Enterprise Group had a return on equity of 12.96% and a net margin of 7.08%. Public Service Enterprise Group’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. On average, sell-side analysts anticipate that Public Service Enterprise Group Incorporated will post 3.44 earnings per share for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 9th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, December 8th. This represents a $2.16 annualized dividend and a yield of 3.54%. Public Service Enterprise Group’s payout ratio is presently 158.82%.

About Public Service Enterprise Group

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Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid-Atlantic United States. It operates through two segments, PSE&G and PSEG Power. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs.