Public Service Enterprise Group Incorporated (NYSE:PEG) Shares Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. raised its position in Public Service Enterprise Group Incorporated (NYSE:PEG) by 26.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,000 shares of the utilities provider’s stock after buying an additional 2,942 shares during the period. Fox Run Management L.L.C.’s holdings in Public Service Enterprise Group were worth $602,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its position in Public Service Enterprise Group by 4,031.7% in the first quarter. BlackRock Inc. now owns 48,379,255 shares of the utilities provider’s stock worth $2,145,620,000 after buying an additional 47,208,334 shares during the last quarter. Vanguard Group Inc. raised its position in Public Service Enterprise Group by 3.4% in the first quarter. Vanguard Group Inc. now owns 35,042,083 shares of the utilities provider’s stock worth $1,554,116,000 after buying an additional 1,144,077 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in Public Service Enterprise Group by 133.1% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,710,401 shares of the utilities provider’s stock worth $75,939,000 after buying an additional 976,720 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Public Service Enterprise Group by 423.3% in the first quarter. Canada Pension Plan Investment Board now owns 912,237 shares of the utilities provider’s stock worth $40,458,000 after buying an additional 737,900 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in Public Service Enterprise Group by 413.5% in the first quarter. BNP Paribas Arbitrage SA now owns 773,583 shares of the utilities provider’s stock worth $34,308,000 after buying an additional 622,934 shares during the last quarter. Institutional investors and hedge funds own 65.76% of the company’s stock.

Public Service Enterprise Group Incorporated (PEG) traded up 0.18% during midday trading on Tuesday, reaching $45.77. The company’s stock had a trading volume of 1,836,871 shares. The firm has a 50 day moving average price of $43.71 and a 200-day moving average price of $44.12. The firm has a market cap of $23.15 billion, a P/E ratio of 51.43 and a beta of 0.38. Public Service Enterprise Group Incorporated has a 52 week low of $39.28 and a 52 week high of $46.14.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Public Service Enterprise Group had a net margin of 4.88% and a return on equity of 11.46%. During the same period last year, the firm posted $0.57 earnings per share. On average, analysts forecast that Public Service Enterprise Group Incorporated will post $2.92 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.72 dividend on an annualized basis and a yield of 3.76%. Public Service Enterprise Group’s dividend payout ratio (DPR) is 193.26%.

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PEG has been the topic of several research reports. Royal Bank Of Canada restated an “outperform” rating on shares of Public Service Enterprise Group in a research note on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Public Service Enterprise Group in a research note on Tuesday, June 27th. Deutsche Bank AG lowered their price target on Public Service Enterprise Group from $49.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, April 11th. Zacks Investment Research upgraded Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Tuesday, July 4th. Finally, BidaskClub lowered Public Service Enterprise Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Public Service Enterprise Group currently has an average rating of “Hold” and a consensus price target of $47.30.

In related news, Chairman Ralph Izzo sold 30,000 shares of Public Service Enterprise Group stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $42.83, for a total value of $1,284,900.00. Following the transaction, the chairman now directly owns 748,121 shares of the company’s stock, valued at $32,042,022.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Ralph A. Larossa sold 24,021 shares of Public Service Enterprise Group stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $43.55, for a total transaction of $1,046,114.55. The disclosure for this sale can be found here. Insiders sold 77,421 shares of company stock worth $3,389,397 over the last three months. 0.61% of the stock is currently owned by insiders.

About Public Service Enterprise Group

Public Service Enterprise Group Incorporated (PSEG) is a holding company. The Company is an energy company with operations located primarily in the Northeastern and Mid-Atlantic United States. The Company’s segments include Public Service Electric and Gas Company (PSE&G), PSEG Power LLC (Power) and Other.

Institutional Ownership by Quarter for Public Service Enterprise Group (NYSE:PEG)

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