1 week Ago By ABMN Staff
Asset Dedication LLC decreased its stake in Public Service Enterprise Group Incorporated ( NYSE:PEG – Free Report ) by 3.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,943 shares of the utilities provider’s stock after selling 480 shares during the quarter.
Asset Dedication LLC’s holdings in Public Service Enterprise Group were worth $1,028,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PEG. Family Firm Inc.
acquired a new position in shares of Public Service Enterprise Group during the 2nd quarter worth $33,000. OFI Invest Asset Management acquired a new position in Public Service Enterprise Group in the 2nd quarter valued at $35,000. Northwest Investment Counselors LLC acquired a new position in Public Service Enterprise Group in the 1st quarter valued at $36,000.
Salomon & Ludwin LLC grew its stake in Public Service Enterprise Group by 1,866.7% in the 1st quarter. Salomon & Ludwin LLC now owns 590 shares of the utilities provider’s stock valued at $39,000 after buying an additional 560 shares during the last quarter.
Finally, PFS Partners LLC grew its stake in Public Service Enterprise Group by 90.9% in the 1st quarter. PFS Partners LLC now owns 630 shares of the utilities provider’s stock valued at $42,000 after buying an additional 300 shares during the last quarter.
Hedge funds and other institutional investors own 73.34% of the company’s stock. Insiders Place Their Bets In other news, EVP Tamara Louise Linde sold 19,127 shares of the company’s stock in a transaction that occurred on Thursday, August 15th.
The shares were sold at an average price of $80.26, for a total transaction of $1,535,133.02.
Following the transaction, the executive vice president now directly owns 67,524 shares in the company, valued at $5,419,476.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website .
In other news, EVP Tamara Louise Linde sold 19,127 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $80.26, for a total transaction of $1,535,133.
02. Following the transaction, the executive vice president now directly owns 67,524 shares in the company, valued at $5,419,476.24.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . Also, CEO Ralph A. Larossa sold 1,378 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd.
The stock was sold at an average price of $80.69, for a total transaction of $111,190.82.
Following the transaction, the chief executive officer now owns 148,892 shares in the company, valued at $12,014,095.48. The disclosure for this sale can be found here .
Insiders own 0.57% of the company’s stock. Wall Street Analyst Weigh In Check Out Our Latest Stock Report on Public Service Enterprise Group Public Service Enterprise Group Trading Down 1.
2 % Shares of PEG stock opened at $79.94 on Monday. Public Service Enterprise Group Incorporated has a 12-month low of $53.
71 and a 12-month high of $81.89. The company has a market capitalization of $39.
82 billion, a P/E ratio of 22.14, a P/E/G ratio of 2.91 and a beta of 0.
60. The firm has a 50-day moving average price of $77.98 and a 200 day moving average price of $72.
17. The company has a quick ratio of 0.46, a current ratio of 0.
65 and a debt-to-equity ratio of 1.16. Public Service Enterprise Group ( NYSE:PEG – Get Free Report ) last announced its quarterly earnings results on Tuesday, July 30th.
The utilities provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.
01). Public Service Enterprise Group had a net margin of 16.12% and a return on equity of 10.
72%. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.
03 billion. During the same period in the prior year, the business earned $0.70 earnings per share.
The company’s revenue for the quarter was up .1% on a year-over-year basis. Research analysts forecast that Public Service Enterprise Group Incorporated will post 3.
68 earnings per share for the current fiscal year. Public Service Enterprise Group Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 9th will be issued a dividend of $0.
60 per share. This represents a $2.40 annualized dividend and a yield of 3.
00%. The ex-dividend date is Monday, September 9th. Public Service Enterprise Group’s dividend payout ratio is currently 66.
48%. Public Service Enterprise Group Company Profile ( Free Report ) Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments.
The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs. 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:PEG – Free Report ).
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