KCM Investment Advisors LLC Increases Holdings in Public Service Enterprise Group Inc. (PEG)

KCM Investment Advisors LLC raised its holdings in shares of Public Service Enterprise Group Inc. (NYSE:PEG) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,467 shares of the utilities provider’s stock after purchasing an additional 2,771 shares during the quarter. KCM Investment Advisors LLC’s holdings in Public Service Enterprise Group were worth $3,526,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Nationwide Fund Advisors increased its position in Public Service Enterprise Group by 6.4% during the 3rd quarter. Nationwide Fund Advisors now owns 199,956 shares of the utilities provider’s stock worth $9,248,000 after buying an additional 11,940 shares during the period. Sei Investments Co. increased its position in Public Service Enterprise Group by 30.9% during the 3rd quarter. Sei Investments Co. now owns 143,520 shares of the utilities provider’s stock worth $6,638,000 after buying an additional 33,906 shares during the period. Teacher Retirement System of Texas increased its position in Public Service Enterprise Group by 29.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 6,903 shares of the utilities provider’s stock worth $319,000 after buying an additional 1,568 shares during the period. Russell Investments Group Ltd. increased its position in Public Service Enterprise Group by 18.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 402,612 shares of the utilities provider’s stock worth $18,617,000 after buying an additional 62,522 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Public Service Enterprise Group by 239.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,187,901 shares of the utilities provider’s stock worth $101,190,000 after buying an additional 1,543,256 shares during the period. 68.33% of the stock is owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

In other Public Service Enterprise Group news, Chairman Ralph Izzo sold 20,833 shares of Public Service Enterprise Group stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $51.25, for a total value of $1,067,691.25. Following the transaction, the chairman now owns 645,934 shares in the company, valued at $33,104,117.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 62,499 shares of company stock worth $3,137,658. Company insiders own 0.58% of the company’s stock.

Public Service Enterprise Group Inc. (NYSE PEG) opened at $48.26 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.59. Public Service Enterprise Group Inc. has a 12-month low of $41.67 and a 12-month high of $53.28. The company has a market capitalization of $24,425.56, a price-to-earnings ratio of 15.57, a P/E/G ratio of 3.95 and a beta of 0.46.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings results on Friday, February 23rd. The utilities provider reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. Public Service Enterprise Group had a return on equity of 11.25% and a net margin of 17.33%. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the business earned $0.54 earnings per share. analysts expect that Public Service Enterprise Group Inc. will post 3.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 8th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Wednesday, March 7th. This is a boost from Public Service Enterprise Group’s previous quarterly dividend of $0.43. Public Service Enterprise Group’s payout ratio is currently 58.06%.

PEG has been the topic of several recent research reports. Guggenheim reiterated a “buy” rating and set a $58.00 price objective on shares of Public Service Enterprise Group in a research report on Wednesday, January 3rd. ValuEngine upgraded Public Service Enterprise Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Tuesday, February 13th. Mizuho reiterated a “hold” rating and set a $47.00 price objective on shares of Public Service Enterprise Group in a research report on Friday, March 2nd. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $52.00 price objective on shares of Public Service Enterprise Group in a research report on Wednesday, March 14th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $51.23.

COPYRIGHT VIOLATION WARNING: This news story was reported by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3293919/kcm-investment-advisors-llc-increases-holdings-in-public-service-enterprise-group-inc-peg.html.

Public Service Enterprise Group 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.

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

Receive News & Ratings for Public Service Enterprise Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Service Enterprise Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

SunPower  Raised to “Buy” at BidaskClub
SunPower Raised to “Buy” at BidaskClub
FY2018 Earnings Estimate for Kinder Morgan Canada Issued By National Bank Financial
FY2018 Earnings Estimate for Kinder Morgan Canada Issued By National Bank Financial
Yintech Investment  Upgraded by BidaskClub to Hold
Yintech Investment Upgraded by BidaskClub to Hold
NICE Systems  Raised to Strong-Buy at Zacks Investment Research
NICE Systems Raised to Strong-Buy at Zacks Investment Research
Scorpio Bulkers  Cut to Sell at Zacks Investment Research
Scorpio Bulkers Cut to Sell at Zacks Investment Research
Zacks Investment Research Upgrades WesBanco  to Hold
Zacks Investment Research Upgrades WesBanco to Hold


© 2006-2018 Ticker Report. Google+.