First National Bank of Mount Dora Trust Investment Services Acquires 1,500 Shares of Public Service Enterprise Group Inc. (NYSE:PEG)

First National Bank of Mount Dora Trust Investment Services increased its holdings in Public Service Enterprise Group Inc. (NYSE:PEG) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,450 shares of the utilities provider’s stock after buying an additional 1,500 shares during the period. Public Service Enterprise Group comprises approximately 1.9% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 21st biggest holding. First National Bank of Mount Dora Trust Investment Services’ holdings in Public Service Enterprise Group were worth $4,574,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Nuveen Asset Management LLC boosted its stake in shares of Public Service Enterprise Group by 399.5% in the second quarter. Nuveen Asset Management LLC now owns 3,021,234 shares of the utilities provider’s stock worth $177,709,000 after buying an additional 2,416,438 shares during the last quarter. Morgan Stanley boosted its position in Public Service Enterprise Group by 37.5% in the 2nd quarter. Morgan Stanley now owns 1,995,115 shares of the utilities provider’s stock worth $117,353,000 after purchasing an additional 543,985 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Public Service Enterprise Group by 16.6% during the 2nd quarter. California Public Employees Retirement System now owns 3,798,378 shares of the utilities provider’s stock worth $223,421,000 after purchasing an additional 539,988 shares during the period. Pictet Asset Management Ltd. increased its holdings in shares of Public Service Enterprise Group by 8.7% during the 3rd quarter. Pictet Asset Management Ltd. now owns 4,727,053 shares of the utilities provider’s stock valued at $293,455,000 after purchasing an additional 378,227 shares in the last quarter. Finally, Great Lakes Advisors LLC increased its holdings in shares of Public Service Enterprise Group by 57.1% during the 3rd quarter. Great Lakes Advisors LLC now owns 797,733 shares of the utilities provider’s stock valued at $49,524,000 after purchasing an additional 289,791 shares in the last quarter. 69.36% of the stock is owned by institutional investors.

PEG has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued a “hold” rating and set a $65.00 price target on shares of Public Service Enterprise Group in a report on Sunday, January 19th. Wolfe Research cut shares of Public Service Enterprise Group from an “outperform” rating to a “peer perform” rating and set a $64.00 price objective for the company. in a report on Thursday, November 14th. Mizuho upped their price target on Public Service Enterprise Group from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Barclays downgraded Public Service Enterprise Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $64.16.

Shares of Public Service Enterprise Group stock traded down $0.18 during mid-day trading on Friday, reaching $61.56. 138,787 shares of the stock traded hands, compared to its average volume of 2,387,851. The stock has a market capitalization of $30.50 billion, a PE ratio of 21.55, a PEG ratio of 4.39 and a beta of 0.24. The business has a 50-day moving average of $58.74 and a 200 day moving average of $60.02. Public Service Enterprise Group Inc. has a fifty-two week low of $52.08 and a fifty-two week high of $63.88. The company has a quick ratio of 0.52, a current ratio of 0.75 and a debt-to-equity ratio of 0.99.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. Public Service Enterprise Group had a return on equity of 11.01% and a net margin of 14.45%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the firm posted $0.95 EPS. On average, equities research analysts expect that Public Service Enterprise Group Inc. will post 3.24 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Monday, December 9th. Public Service Enterprise Group’s dividend payout ratio is currently 60.26%.

In other Public Service Enterprise Group news, CFO Daniel J. Cregg sold 625 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $58.59, for a total value of $36,618.75. Following the completion of the sale, the chief financial officer now owns 54,648 shares in the company, valued at approximately $3,201,826.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Ralph A. Larossa sold 1,650 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $58.55, for a total transaction of $96,607.50. Following the completion of the sale, the chief operating officer now owns 76,069 shares of the company’s stock, valued at approximately $4,453,839.95. The disclosure for this sale can be found here. Insiders have sold 5,975 shares of company stock worth $358,011 over the last 90 days. 0.51% of the stock is currently owned by company insiders.

About Public Service Enterprise Group

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; 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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