Crawford Investment Counsel Inc. Has $232,000 Stake in Public Service Enterprise Group Inc. (PEG)

Crawford Investment Counsel Inc. raised its position in Public Service Enterprise Group Inc. (NYSE:PEG) by 10.6% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 5,224 shares of the utilities provider’s stock after buying an additional 500 shares during the period. Crawford Investment Counsel Inc.’s holdings in Public Service Enterprise Group were worth $232,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB raised its stake in Public Service Enterprise Group by 67.0% in the third quarter. Nordea Investment Management AB now owns 9,042,998 shares of the utilities provider’s stock worth $378,630,000 after buying an additional 3,629,004 shares during the period. Foundry Partners LLC bought a new stake in Public Service Enterprise Group during the first quarter worth about $5,372,000. OLD National Bancorp IN raised its stake in Public Service Enterprise Group by 7.0% in the third quarter. OLD National Bancorp IN now owns 41,239 shares of the utilities provider’s stock worth $1,727,000 after buying an additional 2,686 shares during the period. Federated Investors Inc. PA raised its stake in Public Service Enterprise Group by 751.3% in the fourth quarter. Federated Investors Inc. PA now owns 173,377 shares of the utilities provider’s stock worth $7,607,000 after buying an additional 153,012 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Public Service Enterprise Group during the fourth quarter worth about $54,925,000. 63.26% of the stock is owned by institutional investors.

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

Public Service Enterprise Group Inc. (NYSE:PEG) traded up 0.46% during trading on Friday, reaching $43.99. The company had a trading volume of 1,742,858 shares. The company has a market capitalization of $22.25 billion, a PE ratio of 42.30 and a beta of 0.33. Public Service Enterprise Group Inc. has a 52-week low of $39.28 and a 52-week high of $46.81. The stock has a 50 day moving average price of $44.17 and a 200-day moving average price of $43.49.

Public Service Enterprise Group (NYSE:PEG) last issued its earnings results on Friday, April 28th. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.56 billion. Public Service Enterprise Group had a net margin of 13.99% and a return on equity of 10.91%. During the same quarter in the prior year, the business posted $0.91 EPS. On average, equities research analysts anticipate that Public Service Enterprise Group Inc. will post $2.90 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.93%. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 64.57%.

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PEG has been the subject of a number of analyst reports. Barclays PLC upped their price target on Public Service Enterprise Group from $46.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, January 20th. Wells Fargo & Co cut Public Service Enterprise Group from an “outperform” rating to a “market perform” rating in a report on Monday, February 27th. Jefferies Group LLC reiterated a “hold” rating and issued a $46.50 price objective (up from $43.50) on shares of Public Service Enterprise Group in a report on Monday, February 27th. Royal Bank of Canada decreased their price objective on Public Service Enterprise Group from $48.00 to $47.00 and set a “sector perform” rating on the stock in a report on Friday, March 10th. Finally, Deutsche Bank AG decreased their price objective on Public Service Enterprise Group from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $46.36.

In related news, insider Derek M. Dirisio sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $43.86, for a total transaction of $87,720.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO William Levis sold 30,000 shares of the business’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $44.40, for a total transaction of $1,332,000.00. Following the sale, the chief operating officer now directly owns 133,904 shares of the company’s stock, valued at approximately $5,945,337.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,000 shares of company stock worth $4,058,520. Company insiders own 0.71% of the company’s stock.

Public Service Enterprise Group Company Profile

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.

5 Day Chart for NYSE:PEG

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