M Holdings Securities Inc. 收购了6,529家公共服务企业集团公司（纽约证券交易所代码：PEG）的股票|Group_新浪财经

M Holdings Securities Inc. purchased a new stake in Public Service Enterprise Group Incorporated (NYSE:PEG – Get Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,529 shares of the utilities provider's stock, valued at approximately $367,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PEG. BlackRock Inc. increased its position in Public Service Enterprise Group by 5.0% in the 3rd quarter. BlackRock Inc. now owns 54,426,510 shares of the utilities provider's stock valued at $3,060,399,000 after acquiring an additional 2,576,034 shares during the period. Legal & General Group Plc increased its position in shares of Public Service Enterprise Group by 24.4% during the second quarter. Legal & General Group Plc now owns 6,965,031 shares of the utilities provider's stock worth $440,749,000 after buying an additional 1,363,974 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Public Service Enterprise Group by 48.8% during the second quarter. Goldman Sachs Group Inc. now owns 4,089,778 shares of the utilities provider's stock worth $258,802,000 after buying an additional 1,341,818 shares during the period. Prudential Financial Inc. increased its position in shares of Public Service Enterprise Group by 196.2% during the first quarter. Prudential Financial Inc. now owns 1,892,166 shares of the utilities provider's stock worth $132,451,000 after buying an additional 1,253,283 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Public Service Enterprise Group by 2.7% during the first quarter. Vanguard Group Inc. now owns 43,654,799 shares of the utilities provider's stock worth $3,055,836,000 after buying an additional 1,159,331 shares during the period. 70.67% of the stock is currently owned by institutional investors and hedge funds.

Get

Public Service Enterprise Group

alerts:

Analysts Set New Price Targets

Several research firms have recently weighed in on PEG. BMO Capital Markets decreased their price objective on shares of Public Service Enterprise Group from $64.00 to $60.00 and set a "market perform" rating for the company in a research report on Monday. Mizuho decreased their target price on Public Service Enterprise Group from $66.00 to $60.00 and set a "buy" rating for the company in a research report on Monday. Wolfe Research lowered Public Service Enterprise Group from an "outperform" rating to a "peer perform" rating in a report on Thursday, November 17th. Guggenheim decreased their price objective on Public Service Enterprise Group from $71.00 to $68.00 and set a "buy" rating for the company in a report on Wednesday, February 22nd. Finally, TheStreet raised Public Service Enterprise Group from a "c" rating to a "b" rating in a report on Tuesday, February 21st. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $67.20.

Insider Activity at Public Service Enterprise Group

In related news, COO Eric Carr sold 7,105 shares of the business's stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $57.63, for a total value of $409,461.15. Following the completion of the sale, the chief operating officer now owns 6,482 shares in the company, valued at approximately $373,557.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.55% of the stock is currently owned by insiders.

Public Service Enterprise Group Trading Up 0.2 %

Public Service Enterprise Group stock opened at $58.62 on Thursday. The stock has a market cap of $29.24 billion, a P/E ratio of 28.46, a PEG ratio of 6.97 and a beta of 0.55. Public Service Enterprise Group Incorporated has a fifty-two week low of $52.51 and a fifty-two week high of $75.61. The firm's fifty day moving average price is $60.86 and its 200-day moving average price is $60.24. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.50 and a current ratio of 0.64.

Public Service Enterprise Group (NYSE:PEG – Get Rating) last released its quarterly earnings results on Tuesday, February 21st. The utilities provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $2.54 billion. Public Service Enterprise Group had a net margin of 10.52% and a return on equity of 12.88%. The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. Equities research analysts forecast that Public Service Enterprise Group Incorporated will post 3.43 earnings per share for the current fiscal year.

Public Service Enterprise Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be given a dividend of $0.57 per share. The ex-dividend date is Thursday, March 9th. This is a positive change from Public Service Enterprise Group's previous quarterly dividend of $0.54. This represents a $2.28 annualized dividend and a dividend yield of 3.89%. Public Service Enterprise Group's dividend payout ratio is 110.68%.

Public Service Enterprise Group Company Profile

(Get Rating)

Public Service Enterprise Group, Inc is a holding company, which engages in the provision of electric and gas services. The firm operates through the following two segments: Public Service Electric & Gas Co (PSE&G) and PSEG Power. The PSE&G segment engages in the transmission of electricity and distribution of electricity and natural gas.