The 25,993 Shares of Public Service Enterprise Group Inc. (PEG) Stock are sold by Ralph Izzo

The 25,993 Shares of Public Service Enterprise Group Inc. (PEG) Stock are sold by Ralph Izzo

Public Service Enterprise Group Inc. (NYSE:PEG) Chairman Ralph Izzo sold 25,993 shares of the firm’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $41.36, for a total transaction of $1,075,070.48. Following the transaction, the chairman now directly owns 727,346 shares of the company’s stock, valued at approximately $30,083,030.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ralph Izzo also recently made the following trade(s): On Tuesday, August 30th, Ralph Izzo sold 11,147 shares of Public Service Enterprise Group stock. The shares were sold at an average price of $42.86, for a total transaction of $477,760.42. On Monday, August 1st, Ralph Izzo sold 43,564 shares of Public Service Enterprise Group stock. The stock was sold at an average price of $45.76, for a total transaction of $1,993,488.64.

Public Service Enterprise Group Inc. (NYSE:PEG) opened at 40.72 on Monday. The stock’s 50 day moving average is $42.49 and its 200-day moving average is $44.66. The firm has a market capitalization of $20.60 billion, a PE ratio of 14.70 and a beta of 0.25. Public Service Enterprise Group Inc. has a one year low of $36.80 and a one year high of $47.41.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.01. Public Service Enterprise Group had a net margin of 14.82% and a return on equity of 10.71%. During the same quarter in the previous year, the firm posted $0.57 earnings per share. On average, analysts anticipate that Public Service Enterprise Group Inc. will post $2.87 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 9th were paid a $0.41 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.03%. Public Service Enterprise Group’s dividend payout ratio (DPR) is 59.21%.

Several large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of Public Service Enterprise Group by 110.1% in the second quarter. JPMorgan Chase & Co. now owns 6,076,488 shares of the company’s stock worth $283,225,000 after buying an additional 3,184,380 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in shares of Public Service Enterprise Group during the first quarter worth about $104,644,000. State Street Corp boosted its stake in shares of Public Service Enterprise Group by 9.0% in the first quarter. State Street Corp now owns 25,966,732 shares of the company’s stock worth $1,224,092,000 after buying an additional 2,147,656 shares during the period. BlackRock Advisors LLC boosted its stake in shares of Public Service Enterprise Group by 27.6% in the second quarter. BlackRock Advisors LLC now owns 7,541,046 shares of the company’s stock worth $351,488,000 after buying an additional 1,632,324 shares during the period. Finally, USS Investment Management Ltd boosted its stake in shares of Public Service Enterprise Group by 801.3% in the second quarter. USS Investment Management Ltd now owns 1,330,299 shares of the company’s stock worth $61,999,000 after buying an additional 1,182,700 shares during the period. 66.37% of the stock is owned by institutional investors.

A number of equities analysts recently weighed in on PEG shares. Argus lowered their target price on shares of Public Service Enterprise Group from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, September 20th. Deutsche Bank AG reissued a “hold” rating and set a $47.00 target price on shares of Public Service Enterprise Group in a research note on Wednesday, June 15th. Barclays PLC lifted their target price on shares of Public Service Enterprise Group from $47.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 22nd. Zacks Investment Research downgraded shares of Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Finally, Morgan Stanley raised shares of Public Service Enterprise Group from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $43.00 to $47.00 in a research note on Wednesday, July 13th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Public Service Enterprise Group presently has an average rating of “Hold” and a consensus target price of $46.75.

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