Woodmont Investment Counsel LLC Has $963,000 Holdings in Public Service Enterprise Group Incorporated (NYSE:PEG)

Woodmont Investment Counsel LLC trimmed its position in Public Service Enterprise Group Incorporated (NYSE:PEG) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,795 shares of the utilities provider’s stock after selling 292 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Public Service Enterprise Group were worth $963,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Norden Group LLC acquired a new stake in shares of Public Service Enterprise Group during the 1st quarter worth about $510,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Public Service Enterprise Group by 8.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 83,024 shares of the utilities provider’s stock valued at $5,544,000 after acquiring an additional 6,539 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Public Service Enterprise Group by 3.7% during the first quarter. Janney Montgomery Scott LLC now owns 65,037 shares of the utilities provider’s stock worth $4,343,000 after purchasing an additional 2,303 shares in the last quarter. Csenge Advisory Group raised its position in shares of Public Service Enterprise Group by 4.9% during the first quarter. Csenge Advisory Group now owns 7,667 shares of the utilities provider’s stock worth $512,000 after purchasing an additional 357 shares during the period. Finally, SPC Financial Inc. lifted its stake in Public Service Enterprise Group by 4.0% in the first quarter. SPC Financial Inc. now owns 7,853 shares of the utilities provider’s stock valued at $524,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Insider Activity at Public Service Enterprise Group

In other Public Service Enterprise Group news, EVP Tamara Louise Linde sold 19,127 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $80.26, for a total value of $1,535,133.02. Following the sale, the executive vice president now owns 67,524 shares in the company, valued at approximately $5,419,476.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Public Service Enterprise Group news, EVP Tamara Louise Linde sold 19,127 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $80.26, for a total transaction of $1,535,133.02. Following the completion of the transaction, the executive vice president now owns 67,524 shares in the company, valued at approximately $5,419,476.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ralph A. Larossa sold 1,378 shares of Public Service Enterprise Group stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $90.20, for a total transaction of $124,295.60. Following the transaction, the chief executive officer now directly owns 147,514 shares of the company’s stock, valued at $13,305,762.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,010 shares of company stock worth $3,397,855 over the last three months. Company insiders own 0.18% of the company’s stock.

Public Service Enterprise Group Stock Up 0.0 %

PEG stock opened at $83.81 on Thursday. The company has a market cap of $41.75 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 2.69 and a beta of 0.61. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.16. Public Service Enterprise Group Incorporated has a 52 week low of $56.85 and a 52 week high of $92.20. The business has a 50-day simple moving average of $86.62 and a 200 day simple moving average of $79.03.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Monday, November 4th. The utilities provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. Public Service Enterprise Group had a return on equity of 10.78% and a net margin of 19.48%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same period last year, the company earned $0.85 earnings per share. The business’s quarterly revenue was up 7.6% on a year-over-year basis. Sell-side analysts anticipate that Public Service Enterprise Group Incorporated will post 3.66 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PEG shares. BMO Capital Markets upped their price objective on Public Service Enterprise Group from $86.00 to $89.00 and gave the stock a “market perform” rating in a research report on Monday, October 21st. Wells Fargo & Company raised their price objective 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. Jefferies Financial Group assumed coverage on Public Service Enterprise Group in a report on Friday, September 13th. They set a “hold” rating and a $85.00 target price on the stock. Royal Bank of Canada boosted their target price on shares of Public Service Enterprise Group from $80.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Evercore ISI increased their price target 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. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $86.69.

About Public Service Enterprise Group

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.