Public Service Enterprise Group Inc. (PEG) Shares Sold by First National Trust Co

First National Trust Co lessened its stake in Public Service Enterprise Group Inc. (NYSE:PEG) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,696 shares of the utilities provider’s stock after selling 545 shares during the period. First National Trust Co’s holdings in Public Service Enterprise Group were worth $296,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PEG. Rockland Trust Co. bought a new stake in shares of Public Service Enterprise Group during the 4th quarter valued at $31,000. Csenge Advisory Group bought a new stake in shares of Public Service Enterprise Group during the 3rd quarter valued at $44,000. CWM LLC grew its position in shares of Public Service Enterprise Group by 47.4% during the 4th quarter. CWM LLC now owns 1,652 shares of the utilities provider’s stock valued at $86,000 after acquiring an additional 531 shares during the period. Belpointe Asset Management LLC bought a new stake in shares of Public Service Enterprise Group during the 3rd quarter valued at $112,000. Finally, We Are One Seven LLC bought a new stake in shares of Public Service Enterprise Group during the 4th quarter valued at $115,000. 67.82% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on PEG shares. Argus boosted their price objective on shares of Public Service Enterprise Group from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 17th. Morgan Stanley set a $59.00 target price on shares of Public Service Enterprise Group and gave the company a “buy” rating in a research note on Thursday, October 11th. ValuEngine upgraded shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. UBS Group upgraded shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $56.00 to $60.00 in a research note on Wednesday, October 10th. Finally, Citigroup upgraded shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Tuesday, October 9th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $57.04.

In other Public Service Enterprise Group news, COO Ralph A. Larossa sold 25,046 shares of the business’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $55.57, for a total value of $1,391,806.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Ralph Izzo sold 52,406 shares of the business’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $50.87, for a total transaction of $2,665,893.22. Following the completion of the sale, the chairman now owns 462,726 shares in the company, valued at approximately $23,538,871.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,859 shares of company stock worth $6,960,523. Corporate insiders own 0.58% of the company’s stock.

PEG opened at $53.25 on Thursday. The firm has a market cap of $26.67 billion, a P/E ratio of 18.17, a PEG ratio of 2.44 and a beta of 0.39. Public Service Enterprise Group Inc. has a fifty-two week low of $46.19 and a fifty-two week high of $56.68. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.51 and a current ratio of 0.72.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Tuesday, October 30th. The utilities provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Public Service Enterprise Group had a net margin of 23.54% and a return on equity of 11.24%. During the same quarter in the previous year, the company earned $0.82 EPS. As a group, equities analysts expect that Public Service Enterprise Group Inc. will post 3.11 earnings per share for the current year.

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Public Service Enterprise Group Company Profile

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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