Centennial Wealth Advisory LLC Purchases 406 Shares of Public Service Enterprise Group Incorporated (NYSE:PEG)

Centennial Wealth Advisory LLC lifted its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 6.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,773 shares of the utilities provider’s stock after buying an additional 406 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in Public Service Enterprise Group were worth $572,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in PEG. Czech National Bank increased its stake in shares of Public Service Enterprise Group by 6.9% during the third quarter. Czech National Bank now owns 101,480 shares of the utilities provider’s stock worth $9,053,000 after purchasing an additional 6,567 shares during the period. GAMMA Investing LLC increased its stake in Public Service Enterprise Group by 24.2% during the 3rd quarter. GAMMA Investing LLC now owns 5,971 shares of the utilities provider’s stock worth $533,000 after acquiring an additional 1,162 shares during the period. Dynamic Advisor Solutions LLC increased its stake in Public Service Enterprise Group by 759.8% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 44,273 shares of the utilities provider’s stock worth $3,950,000 after acquiring an additional 39,124 shares during the period. Brookstone Capital Management increased its stake in Public Service Enterprise Group by 2.5% during the 3rd quarter. Brookstone Capital Management now owns 7,658 shares of the utilities provider’s stock worth $683,000 after acquiring an additional 190 shares during the period. Finally, Objectivity Squared LLC bought a new position in Public Service Enterprise Group during the 3rd quarter worth $205,000. Institutional investors own 73.34% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Richard T. Thigpen sold 5,900 shares of Public Service Enterprise Group stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $87.95, for a total value of $518,905.00. Following the completion of the transaction, the senior vice president now directly owns 25,829 shares of the company’s stock, valued at approximately $2,271,660.55. This trade represents a 18.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ralph A. Larossa sold 1,378 shares of Public Service Enterprise Group stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $83.10, for a total value of $114,511.80. Following the completion of the transaction, the chief executive officer now directly owns 126,791 shares of the company’s stock, valued at approximately $10,536,332.10. This trade represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,612 shares of company stock valued at $836,549. 0.18% of the stock is currently owned by company insiders.

Public Service Enterprise Group Stock Up 0.8 %

Shares of PEG opened at $84.09 on Thursday. The company has a market capitalization of $41.90 billion, a PE ratio of 20.66, a PEG ratio of 2.67 and a beta of 0.64. Public Service Enterprise Group Incorporated has a 12 month low of $57.40 and a 12 month high of $95.22. The stock’s 50-day moving average price is $86.56 and its two-hundred day moving average price is $85.37. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 1.18.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Monday, November 4th. The utilities provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.87 by $0.03. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.44 billion. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. On average, analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current year.

Public Service Enterprise Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.85%. The ex-dividend date was Tuesday, December 10th. Public Service Enterprise Group’s payout ratio is presently 58.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PEG shares. Barclays downgraded Public Service Enterprise Group from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $88.00 to $84.00 in a report on Monday, January 27th. Scotiabank raised their target price on Public Service Enterprise Group from $73.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. BMO Capital Markets raised their target price on Public Service Enterprise Group from $86.00 to $89.00 and gave the company a “market perform” rating in a report on Monday, October 21st. UBS Group raised their target price on Public Service Enterprise Group from $94.00 to $98.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company raised their target price on Public Service Enterprise Group from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $88.83.

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.