Today: 63,613 Shares of Public Service Enterprise Group Inc. (PEG) are sold by Dalton Greiner Hartman Maher & Co.

Today: 63,613 Shares of Public Service Enterprise Group Inc. (PEG) are sold by Dalton Greiner Hartman Maher & Co.

Dalton Greiner Hartman Maher & Co. decreased its stake in shares of Public Service Enterprise Group Inc. (NYSE:PEG) by 19.2% during the third quarter, Holdings Channel reports. The institutional investor owned 268,394 shares of the company’s stock after selling 63,613 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Public Service Enterprise Group were worth $11,238,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PEG. Bruderman Asset Management LLC increased its stake in shares of Public Service Enterprise Group by 5.3% in the second quarter. Bruderman Asset Management LLC now owns 2,528 shares of the company’s stock valued at $118,000 after buying an additional 128 shares in the last quarter. Huntington National Bank increased its stake in shares of Public Service Enterprise Group by 10.3% in the second quarter. Huntington National Bank now owns 2,537 shares of the company’s stock valued at $119,000 after buying an additional 237 shares in the last quarter. Paradigm Asset Management Co. LLC increased its stake in shares of Public Service Enterprise Group by 10.9% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,850 shares of the company’s stock valued at $133,000 after buying an additional 279 shares in the last quarter. Americafirst Capital Management LLC acquired a new stake in shares of Public Service Enterprise Group during the second quarter valued at approximately $135,000. Finally, Global X Management Co. LLC increased its stake in shares of Public Service Enterprise Group by 153.4% in the second quarter. Global X Management Co. LLC now owns 2,914 shares of the company’s stock valued at $136,000 after buying an additional 1,764 shares in the last quarter. Institutional investors and hedge funds own 64.42% of the company’s stock.

Public Service Enterprise Group Inc. (NYSE:PEG) traded up 3.28% during midday trading on Monday, reaching $42.81. The company’s stock had a trading volume of 2,803,422 shares. Public Service Enterprise Group Inc. has a one year low of $36.80 and a one year high of $47.41. The stock has a market cap of $21.66 billion, a price-to-earnings ratio of 16.85 and a beta of 0.28. The stock’s 50 day moving average price is $41.00 and its 200-day moving average price is $43.41.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings results on Monday, October 31st. The company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.05. Public Service Enterprise Group had a net margin of 13.99% and a return on equity of 10.91%. During the same period last year, the company earned $0.80 EPS. On average, analysts forecast that Public Service Enterprise Group Inc. will post $2.87 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend is Wednesday, December 7th. Public Service Enterprise Group’s dividend payout ratio is currently 64.57%.

Several analysts have commented on the company. Jefferies Group reiterated a “hold” rating and set a $43.50 target price on shares of Public Service Enterprise Group in a research note on Tuesday, November 1st. Barclays PLC increased their price target on Public Service Enterprise Group from $47.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, September 22nd. Argus lowered their price target on Public Service Enterprise Group from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, September 20th. Goldman Sachs Group Inc. raised Public Service Enterprise Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $46.00 to $47.00 in a report on Monday, October 17th. Finally, Zacks Investment Research cut Public Service Enterprise Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $46.50.

In other Public Service Enterprise Group news, Chairman Ralph Izzo sold 25,895 shares of Public Service Enterprise Group stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $41.74, for a total value of $1,080,857.30. Following the transaction, the chairman now directly owns 738,182 shares of the company’s stock, valued at $30,811,716.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.71% of the stock is currently owned by company insiders.

About Public Service Enterprise Group

Public Service Enterprise Group Incorporated (PSEG) is an energy holding company with operations located in the Northeastern and Mid- Atlantic United States. The Company is engaged in the transmission and distribution of electricity and natural gas. The Company’s business consists of two segments, including Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (Power).

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