enterprise

Lindbrook Capital LLC Sells 180 Shares of Public Service Enterprise Group Incorporated (NYSE:PEG) – Defense World



Lindbrook Capital LLC trimmed its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEGGet Rating) by 11.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,405 shares of the utilities provider’s stock after selling 180 shares during the quarter. Lindbrook Capital LLC’s holdings in Public Service Enterprise Group were worth $98,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Riverview Trust Co boosted its position in shares of Public Service Enterprise Group by 6.3% in the first quarter. Riverview Trust Co now owns 8,135 shares of the utilities provider’s stock valued at $569,000 after acquiring an additional 485 shares during the period. Pegasus Asset Management Inc. bought a new stake in shares of Public Service Enterprise Group in the first quarter valued at about $206,000. Selective Wealth Management Inc. boosted its position in shares of Public Service Enterprise Group by 200.0% in the first quarter. Selective Wealth Management Inc. now owns 1,800 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 1,200 shares during the period. Fifth Third Bancorp boosted its position in shares of Public Service Enterprise Group by 3.9% in the first quarter. Fifth Third Bancorp now owns 34,231 shares of the utilities provider’s stock valued at $2,396,000 after acquiring an additional 1,288 shares during the period. Finally, Hamlin Capital Management LLC boosted its position in shares of Public Service Enterprise Group by 9.4% in the first quarter. Hamlin Capital Management LLC now owns 1,796,560 shares of the utilities provider’s stock valued at $125,759,000 after acquiring an additional 154,253 shares during the period. 70.82% of the stock is owned by institutional investors.

In related news, CEO Ralph Izzo sold 9,883 shares of the company’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $68.10, for a total value of $673,032.30. Following the sale, the chief executive officer now directly owns 457,539 shares in the company, valued at $31,158,405.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 20,166 shares of company stock worth $1,382,015. Company insiders own 0.55% of the company’s stock.

A number of research analysts recently commented on the company. TheStreet downgraded Public Service Enterprise Group from a “b” rating to a “c” rating in a research note on Monday, June 13th. Citigroup assumed coverage on Public Service Enterprise Group in a research note on Tuesday, March 22nd. They issued a “neutral” rating and a $69.00 price target for the company. Credit Suisse Group assumed coverage on Public Service Enterprise Group in a research note on Monday, April 25th. They issued a “neutral” rating and a $76.00 price target for the company. Morgan Stanley dropped their price target on Public Service Enterprise Group from $83.00 to $82.00 and set an “overweight” rating for the company in a research note on Monday, May 23rd. Finally, StockNews.com raised Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research note on Monday, May 9th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $73.09.

NYSE:PEG opened at $64.67 on Monday. The stock has a market cap of $32.29 billion, a P/E ratio of -25.16, a price-to-earnings-growth ratio of 4.07 and a beta of 0.56. The company has a current ratio of 0.89, a quick ratio of 0.79 and a debt-to-equity ratio of 1.25. The stock’s 50-day moving average is $66.47 and its 200-day moving average is $66.89. Public Service Enterprise Group Incorporated has a 1-year low of $58.19 and a 1-year high of $75.61.

Public Service Enterprise Group (NYSE:PEGGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The utilities provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.22. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Public Service Enterprise Group had a positive return on equity of 12.94% and a negative net margin of 14.19%. The business’s quarterly revenue was down 19.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.28 earnings per share. As a group, equities analysts forecast that Public Service Enterprise Group Incorporated will post 3.48 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 9th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Wednesday, June 8th. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently -84.05%.

About Public Service Enterprise Group (Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding PEG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Public Service Enterprise Group Incorporated (NYSE:PEGGet Rating).

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



Receive News & Ratings for Public Service Enterprise Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Public Service Enterprise Group and related companies with MarketBeat.com’s FREE daily email newsletter.



READ SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.