Capital City Trust Co. FL Buys 419 Shares of Public Service Enterprise Group Incorporated (NYSE:PEG)

Capital City Trust Co. FL boosted its position in Public Service Enterprise Group Incorporated (NYSE:PEG) by 0.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 47,221 shares of the utilities provider’s stock after acquiring an additional 419 shares during the quarter. Capital City Trust Co. FL’s holdings in Public Service Enterprise Group were worth $4,213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in PEG. Kingsview Wealth Management LLC boosted its stake in Public Service Enterprise Group by 11.9% during the 1st quarter. Kingsview Wealth Management LLC now owns 5,814 shares of the utilities provider’s stock valued at $388,000 after purchasing an additional 619 shares during the period. Blair William & Co. IL lifted its holdings in shares of Public Service Enterprise Group by 5.8% during the first quarter. Blair William & Co. IL now owns 13,458 shares of the utilities provider’s stock worth $899,000 after buying an additional 735 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of Public Service Enterprise Group by 34.4% in the first quarter. Intech Investment Management LLC now owns 17,053 shares of the utilities provider’s stock valued at $1,139,000 after acquiring an additional 4,362 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of Public Service Enterprise Group in the first quarter worth $333,000. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of Public Service Enterprise Group by 23.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 27,277 shares of the utilities provider’s stock worth $1,822,000 after acquiring an additional 5,246 shares during the last quarter. 73.34% of the stock is currently owned by institutional investors.

Insider Transactions at Public Service Enterprise Group

In other news, CEO Ralph A. Larossa sold 1,378 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $80.69, for a total transaction of $111,190.82. Following the completion of the sale, the chief executive officer now owns 148,892 shares in the company, valued at $12,014,095.48. The trade was a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Tamara Louise Linde sold 9,563 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $79.54, for a total value of $760,641.02. Following the completion of the transaction, the executive vice president now owns 57,961 shares in the company, valued at approximately $4,610,217.94. This represents a 14.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,783 shares of company stock valued at $2,381,626 in the last three months. 0.57% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PEG has been the subject of several research analyst reports. Evercore ISI upped their target price on shares of Public Service Enterprise Group from $92.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Barclays decreased their target price on Public Service Enterprise Group from $98.00 to $88.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Scotiabank upped their price target on Public Service Enterprise Group from $62.00 to $73.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. UBS Group raised their price objective on Public Service Enterprise Group from $94.00 to $98.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company boosted their price objective on Public Service Enterprise Group from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.69.

Public Service Enterprise Group Stock Up 2.3 %

Shares of NYSE PEG opened at $88.99 on Monday. Public Service Enterprise Group Incorporated has a 52-week low of $56.85 and a 52-week high of $92.20. 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 business has a fifty day moving average of $87.50 and a two-hundred day moving average of $80.03. The stock has a market cap of $44.34 billion, a PE ratio of 21.86, a PEG ratio of 3.27 and a beta of 0.61.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results 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 firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.44 billion. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm posted $0.85 EPS. As a group, equities research analysts expect that Public Service Enterprise Group Incorporated will post 3.66 earnings per share for the current fiscal year.

Public Service Enterprise Group Company 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.