Fisher Asset Management LLC Has $710,000 Stock Holdings in Public Service Enterprise Group Incorporated (NYSE:PEG)

Fisher Asset Management LLC increased its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 14.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,404 shares of the utilities provider’s stock after purchasing an additional 1,062 shares during the quarter. Fisher Asset Management LLC’s holdings in Public Service Enterprise Group were worth $710,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of PEG. Farther Finance Advisors LLC grew its stake in shares of Public Service Enterprise Group by 47.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,681 shares of the utilities provider’s stock worth $328,000 after acquiring an additional 1,184 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Public Service Enterprise Group by 1.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 123,964 shares of the utilities provider’s stock worth $11,059,000 after acquiring an additional 2,128 shares in the last quarter. Crestwood Advisors Group LLC grew its stake in shares of Public Service Enterprise Group by 3.7% during the 3rd quarter. Crestwood Advisors Group LLC now owns 3,995 shares of the utilities provider’s stock worth $356,000 after acquiring an additional 142 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of Public Service Enterprise Group by 7.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 15,075 shares of the utilities provider’s stock worth $1,345,000 after acquiring an additional 1,043 shares in the last quarter. Finally, Graypoint LLC grew its stake in shares of Public Service Enterprise Group by 7.8% during the 3rd quarter. Graypoint LLC now owns 4,323 shares of the utilities provider’s stock worth $386,000 after acquiring an additional 313 shares in the last quarter. 73.34% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,378 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $83.10, for a total value of $114,511.80. Following the transaction, the chief executive officer now directly owns 126,791 shares of the company’s stock, valued at approximately $10,536,332.10. The trade was a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.57% of the stock is owned by insiders.

Public Service Enterprise Group Stock Performance

NYSE:PEG opened at $78.11 on Friday. The stock’s 50-day moving average is $84.39 and its 200-day moving average is $86.00. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 1.18. The stock has a market cap of $38.92 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 2.78 and a beta of 0.64. Public Service Enterprise Group Incorporated has a 1-year low of $63.31 and a 1-year high of $95.22.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings data on Tuesday, February 25th. The utilities provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.01. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.03 billion. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 earnings per share. Equities research analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current year.

Public Service Enterprise Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $0.63 dividend. This is a positive change from Public Service Enterprise Group’s previous quarterly dividend of $0.60. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Monday, March 10th. Public Service Enterprise Group’s payout ratio is currently 71.19%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Guggenheim reissued a “buy” rating and issued a $98.00 target price on shares of Public Service Enterprise Group in a research note on Wednesday, February 26th. Barclays cut shares of Public Service Enterprise Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $88.00 to $84.00 in a research note on Monday, January 27th. Scotiabank raised their target price on shares of Public Service Enterprise Group from $73.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Wells Fargo & Company decreased their target price on shares of Public Service Enterprise Group from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Finally, StockNews.com raised shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.83.

Public Service Enterprise Group Company Profile

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.