OLD Second National Bank of Aurora Lowers Holdings in Public Service Enterprise Group Incorporated (NYSE:PEG)

OLD Second National Bank of Aurora decreased its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG) by 3.7% in the 4th quarter, HoldingsChannel reports. The firm owned 32,444 shares of the utilities provider’s stock after selling 1,262 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Public Service Enterprise Group were worth $1,984,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Operose Advisors LLC boosted its position in shares of Public Service Enterprise Group by 435.0% during the 3rd quarter. Operose Advisors LLC now owns 535 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 435 shares in the last quarter. ICA Group Wealth Management LLC purchased a new stake in shares of Public Service Enterprise Group during the 4th quarter worth $31,000. Clear Street Markets LLC purchased a new stake in shares of Public Service Enterprise Group during the 4th quarter worth $31,000. CNB Bank purchased a new stake in shares of Public Service Enterprise Group during the 3rd quarter worth $34,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in shares of Public Service Enterprise Group in the 4th quarter worth about $36,000. 73.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PEG has been the topic of several recent research reports. BMO Capital Markets decreased their price objective on shares of Public Service Enterprise Group from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 27th. Morgan Stanley restated an “overweight” rating and issued a $70.00 target price (up from $61.00) on shares of Public Service Enterprise Group in a report on Monday, March 25th. Barclays upped their target price on shares of Public Service Enterprise Group from $68.00 to $71.00 and gave the company an “overweight” rating in a report on Monday. Royal Bank of Canada upped their target price on shares of Public Service Enterprise Group from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Finally, Guggenheim lowered shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $61.00 target price on the stock. in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Public Service Enterprise Group presently has an average rating of “Moderate Buy” and a consensus price target of $67.58.

Public Service Enterprise Group Trading Up 0.2 %

PEG traded up $0.16 on Thursday, reaching $65.19. 287,114 shares of the company’s stock were exchanged, compared to its average volume of 2,822,035. The company’s 50 day moving average is $63.55 and its 200-day moving average is $61.82. The company has a market cap of $32.50 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 2.81 and a beta of 0.58. Public Service Enterprise Group Incorporated has a twelve month low of $53.71 and a twelve month high of $67.51. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.46 and a current ratio of 0.67.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings data on Monday, February 26th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. Public Service Enterprise Group had a net margin of 22.81% and a return on equity of 11.53%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the company earned $0.64 earnings per share. Public Service Enterprise Group’s revenue for the quarter was down 17.0% on a year-over-year basis. Equities analysts predict that Public Service Enterprise Group Incorporated will post 3.66 earnings per share for the current year.

Public Service Enterprise Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Friday, June 7th. Public Service Enterprise Group’s dividend payout ratio (DPR) is 46.78%.

Insider Buying and Selling at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,374 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $63.00, for a total value of $86,562.00. Following the completion of the sale, the chief executive officer now owns 153,721 shares of the company’s stock, valued at $9,684,423. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Ralph A. Larossa sold 1,374 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $63.00, for a total transaction of $86,562.00. Following the completion of the sale, the chief executive officer now owns 153,721 shares of the company’s stock, valued at $9,684,423. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Richard T. Thigpen sold 4,800 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $64.18, for a total transaction of $308,064.00. Following the sale, the senior vice president now directly owns 31,122 shares of the company’s stock, valued at approximately $1,997,409.96. The disclosure for this sale can be found here. Insiders sold 7,948 shares of company stock valued at $510,300 over the last 90 days. 0.57% of the stock is owned by corporate insiders.

About Public Service Enterprise Group

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.