Public Service Enterprise Group Incorporated (NYSE:PEG) Shares Purchased by Yaupon Capital Management LP

Yaupon Capital Management LP raised its stake in Public Service Enterprise Group Incorporated (NYSE:PEG) by 111.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 285,363 shares of the utilities provider’s stock after buying an additional 150,611 shares during the period. Public Service Enterprise Group makes up about 1.0% of Yaupon Capital Management LP’s investment portfolio, making the stock its 27th largest holding. Yaupon Capital Management LP owned approximately 0.06% of Public Service Enterprise Group worth $24,110,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Transce3nd LLC acquired a new stake in shares of Public Service Enterprise Group during the fourth quarter worth $25,000. Wingate Wealth Advisors Inc. acquired a new stake in Public Service Enterprise Group during the 4th quarter worth about $35,000. OFI Invest Asset Management purchased a new stake in Public Service Enterprise Group during the fourth quarter valued at about $39,000. Nemes Rush Group LLC purchased a new stake in Public Service Enterprise Group during the fourth quarter valued at about $53,000. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Public Service Enterprise Group in the fourth quarter worth about $54,000. Institutional investors and hedge funds own 73.34% of the company’s stock.

Insiders Place Their Bets

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,378 shares of Public Service Enterprise Group 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 $10,536,332.10. The trade was a 1.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.19% of the company’s stock.

Public Service Enterprise Group Trading Down 3.7 %

Public Service Enterprise Group stock opened at $80.29 on Tuesday. Public Service Enterprise Group Incorporated has a one year low of $65.36 and a one year high of $95.22. The company’s fifty day moving average price is $81.82 and its two-hundred day moving average price is $85.39. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.68 and a quick ratio of 0.48. The company has a market capitalization of $40.03 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 2.78 and a beta of 0.52.

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

Public Service Enterprise Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 3.14%. The ex-dividend date was Monday, March 10th. This is an increase from Public Service Enterprise Group’s previous quarterly dividend of $0.60. Public Service Enterprise Group’s dividend payout ratio (DPR) is 71.19%.

Wall Street Analyst Weigh In

PEG has been the subject of several research analyst reports. Guggenheim restated a “buy” rating and issued a $98.00 price target on shares of Public Service Enterprise Group in a research report on Wednesday, February 26th. BMO Capital Markets lowered their price target on Public Service Enterprise Group from $86.00 to $83.00 and set a “market perform” rating on the stock in a report on Thursday, April 10th. StockNews.com raised Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 16th. Morgan Stanley upped their target price on Public Service Enterprise Group from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, March 20th. Finally, Wells Fargo & Company lowered their price objective on shares of Public Service Enterprise Group from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Public Service Enterprise Group presently has an average rating of “Moderate Buy” and a consensus price target of $89.35.

Public Service Enterprise Group 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.