Motco boosted its position in shares of Public Service Enterprise Group Inc. (NYSE:PEG) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,873 shares of the utilities provider’s stock after buying an additional 446 shares during the period. Motco’s holdings in Public Service Enterprise Group were worth $5,875,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Kistler Tiffany Companies LLC increased its stake in Public Service Enterprise Group by 11.6% in the fourth quarter. Kistler Tiffany Companies LLC now owns 2,738 shares of the utilities provider’s stock valued at $143,000 after purchasing an additional 285 shares during the last quarter. Rockland Trust Co. purchased a new stake in Public Service Enterprise Group during the fourth quarter valued at about $31,000. Boston Advisors LLC grew its position in Public Service Enterprise Group by 2.5% during the fourth quarter. Boston Advisors LLC now owns 84,083 shares of the utilities provider’s stock valued at $4,377,000 after acquiring an additional 2,079 shares during the period. Vanguard Group Inc grew its position in Public Service Enterprise Group by 1.4% during the third quarter. Vanguard Group Inc now owns 40,281,314 shares of the utilities provider’s stock valued at $2,126,450,000 after acquiring an additional 545,315 shares during the period. Finally, Norinchukin Bank The grew its position in Public Service Enterprise Group by 13.5% during the third quarter. Norinchukin Bank The now owns 64,994 shares of the utilities provider’s stock valued at $3,431,000 after acquiring an additional 7,753 shares during the period. Institutional investors own 68.42% of the company’s stock.

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A number of research firms have issued reports on PEG. Deutsche Bank downgraded Public Service Enterprise Group from a “buy” rating to a “hold” rating and set a $58.56 price target for the company. in a research report on Thursday, February 28th. ValuEngine raised Public Service Enterprise Group from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Wolfe Research raised Public Service Enterprise Group from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 22nd. Mizuho upped their target price on Public Service Enterprise Group from $54.00 to $61.50 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, Wells Fargo & Co increased their price target on Public Service Enterprise Group from $60.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, February 28th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $59.10.

In other news, VP Stuart J. Black sold 6,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $59.07, for a total transaction of $354,420.00. Following the completion of the sale, the vice president now directly owns 24,981 shares of the company’s stock, valued at approximately $1,475,627.67. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Ralph Izzo sold 52,406 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $50.87, for a total value of $2,665,893.22. Following the sale, the chairman now directly owns 462,726 shares of the company’s stock, valued at $23,538,871.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,219 shares of company stock valued at $8,962,684. 0.51% of the stock is currently owned by corporate insiders.

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Shares of Public Service Enterprise Group stock traded down $0.49 on Tuesday, reaching $59.12. 2,368,688 shares of the company were exchanged, compared to its average volume of 3,435,327. Public Service Enterprise Group Inc. has a 1-year low of $47.84 and a 1-year high of $59.95. The company has a current ratio of 0.71, a quick ratio of 0.53 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $30.10 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 2.77 and a beta of 0.41.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Wednesday, February 27th. The utilities provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Public Service Enterprise Group had a return on equity of 11.10% and a net margin of 14.83%. During the same period in the previous year, the company posted $0.57 EPS. Sell-side analysts predict that Public Service Enterprise Group Inc. will post 3.24 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be paid a dividend of $0.47 per share. This is a positive change from Public Service Enterprise Group’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, March 7th. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 60.26%.

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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 Power. The PSE&G segment transmits electricity; and 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 to customers.

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

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