CHICAGO TRUST Co NA Has $3.04 Million Holdings in Public Service Enterprise Group Incorporated (NYSE:PEG)

CHICAGO TRUST Co NA lessened its position in Public Service Enterprise Group Incorporated (NYSE:PEG) by 4.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 36,007 shares of the utilities provider’s stock after selling 1,550 shares during the period. CHICAGO TRUST Co NA’s holdings in Public Service Enterprise Group were worth $3,042,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Heritage Wealth Management Inc. acquired a new stake in Public Service Enterprise Group in the second quarter valued at approximately $422,000. DRW Securities LLC bought a new stake in Public Service Enterprise Group during the third quarter worth $8,244,000. Arvest Bank Trust Division bought a new stake in Public Service Enterprise Group during the third quarter worth $2,860,000. Cerity Partners LLC lifted its holdings in Public Service Enterprise Group by 36.1% during the third quarter. Cerity Partners LLC now owns 96,118 shares of the utilities provider’s stock worth $8,575,000 after acquiring an additional 25,503 shares during the period. Finally, Meridian Wealth Management LLC bought a new stake in Public Service Enterprise Group during the third quarter worth $2,965,000. Institutional investors and hedge funds own 73.34% of the company’s stock.

Insider Activity

In other Public Service Enterprise Group news, COO Kim C. Hanemann sold 956 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $90.09, for a total transaction of $86,126.04. Following the sale, the chief operating officer now directly owns 70,011 shares of the company’s stock, valued at $6,307,290.99. This trade represents a 1.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ralph A. Larossa sold 1,378 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $84.91, for a total value of $117,005.98. Following the sale, the chief executive officer now directly owns 144,212 shares in the company, valued at approximately $12,245,040.92. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,234 shares of company stock valued at $722,037 in the last ninety days. 0.57% of the stock is currently owned by company insiders.

Public Service Enterprise Group Stock Down 0.8 %

Shares of Public Service Enterprise Group stock traded down $0.64 during midday trading on Monday, hitting $83.59. The company had a trading volume of 382,735 shares, compared to its average volume of 1,793,573. The stock has a market capitalization of $41.65 billion, a P/E ratio of 20.54, a P/E/G ratio of 3.18 and a beta of 0.65. Public Service Enterprise Group Incorporated has a 52-week low of $56.85 and a 52-week high of $95.22. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.48 and a current ratio of 0.68. The company has a 50 day moving average of $87.44 and a 200 day moving average of $84.05.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.44 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 up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. On average, equities analysts predict that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.40 annualized dividend and a yield of 2.87%. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 58.97%.

Analyst Ratings Changes

PEG has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on Public Service Enterprise Group from $86.00 to $89.00 and gave the stock a “market perform” rating in a report on Monday, October 21st. Morgan Stanley lifted their price target on Public Service Enterprise Group from $83.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Scotiabank lifted their price target on Public Service Enterprise Group from $73.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Barclays reduced their price target on Public Service Enterprise Group from $98.00 to $88.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Finally, Evercore ISI boosted their target price on Public Service Enterprise Group from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Public Service Enterprise Group has an average rating of “Moderate Buy” and an average target price of $89.17.

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.