GW Henssler & Associates Ltd. Sells 1,911 Shares of Public Service Enterprise Group Inc. (PEG)

GW Henssler & Associates Ltd. reduced its holdings in Public Service Enterprise Group Inc. (NYSE:PEG) by 0.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 269,095 shares of the utilities provider’s stock after selling 1,911 shares during the quarter. Public Service Enterprise Group makes up 1.5% of GW Henssler & Associates Ltd.’s portfolio, making the stock its 22nd biggest position. GW Henssler & Associates Ltd.’s holdings in Public Service Enterprise Group were worth $14,006,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. First American Bank increased its holdings in shares of Public Service Enterprise Group by 5.0% in the 4th quarter. First American Bank now owns 56,764 shares of the utilities provider’s stock worth $2,954,000 after acquiring an additional 2,687 shares during the period. OLD Second National Bank of Aurora increased its holdings in shares of Public Service Enterprise Group by 0.5% in the 4th quarter. OLD Second National Bank of Aurora now owns 53,444 shares of the utilities provider’s stock worth $2,782,000 after acquiring an additional 282 shares during the period. Advisors Capital Management LLC increased its holdings in shares of Public Service Enterprise Group by 8.6% in the 4th quarter. Advisors Capital Management LLC now owns 5,065 shares of the utilities provider’s stock worth $264,000 after acquiring an additional 400 shares during the period. Legacy Private Trust Co. increased its holdings in shares of Public Service Enterprise Group by 79.1% in the 4th quarter. Legacy Private Trust Co. now owns 38,219 shares of the utilities provider’s stock worth $1,989,000 after acquiring an additional 16,884 shares during the period. Finally, Boston Advisors LLC increased its holdings in shares of Public Service Enterprise Group by 2.5% in the 4th quarter. Boston Advisors LLC now owns 84,083 shares of the utilities provider’s stock worth $4,377,000 after acquiring an additional 2,079 shares during the period. Institutional investors own 67.89% of the company’s stock.

In other Public Service Enterprise Group news, Chairman Ralph Izzo sold 52,406 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $50.87, for a total transaction of $2,665,893.22. Following the transaction, the chairman now owns 462,726 shares of the company’s stock, valued at approximately $23,538,871.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Ralph A. Larossa sold 25,046 shares of the firm’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $55.57, for a total transaction of $1,391,806.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 184,565 shares of company stock worth $9,857,367. 0.58% of the stock is owned by corporate insiders.

Public Service Enterprise Group stock traded up $0.76 during trading hours on Tuesday, hitting $52.70. 18,793 shares of the company traded hands, compared to its average volume of 2,946,793. The stock has a market cap of $26.25 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 2.37 and a beta of 0.39. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.90. Public Service Enterprise Group Inc. has a 1-year low of $46.19 and a 1-year high of $56.68.

Public Service Enterprise Group (NYSE:PEG) last released its earnings results on Tuesday, October 30th. The utilities provider reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.04. The firm 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 last year, the company earned $0.82 EPS. Research analysts expect that Public Service Enterprise Group Inc. will post 3.11 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Friday, December 7th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, December 6th. This represents a $1.80 annualized dividend and a yield of 3.42%. Public Service Enterprise Group’s payout ratio is 61.43%.

A number of research firms recently weighed in on PEG. ValuEngine cut shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating in a report on Saturday. Mizuho raised shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating and set a $52.50 price objective on the stock in a report on Thursday, January 17th. Zacks Investment Research raised shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Tuesday, January 15th. reaffirmed a “buy” rating on shares of Public Service Enterprise Group in a report on Monday, November 5th. Finally, Deutsche Bank dropped their price objective on shares of Public Service Enterprise Group from $58.00 to $57.00 and set a “hold” rating on the stock in a report on Wednesday, October 31st. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $57.04.

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Public Service Enterprise Group 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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