Gilbert & Cook Inc. Has $578,000 Holdings in Public Service Enterprise Group Incorporated (NYSE:PEG)

Gilbert & Cook Inc. boosted its position in Public Service Enterprise Group Incorporated (NYSE:PEG) by 2.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,843 shares of the utilities provider’s stock after purchasing an additional 160 shares during the quarter. Gilbert & Cook Inc.’s holdings in Public Service Enterprise Group were worth $578,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PEG. Ashton Thomas Securities LLC bought a new position in Public Service Enterprise Group in the third quarter valued at about $35,000. Northwest Investment Counselors LLC bought a new position in Public Service Enterprise Group during the 3rd quarter worth approximately $48,000. Legacy Investment Solutions LLC acquired a new position in shares of Public Service Enterprise Group in the 3rd quarter worth approximately $59,000. Fortitude Family Office LLC raised its stake in Public Service Enterprise Group by 325.0% during the third quarter. Fortitude Family Office LLC now owns 799 shares of the utilities provider’s stock worth $71,000 after buying an additional 611 shares during the last quarter. Finally, Salem Investment Counselors Inc. boosted its position in Public Service Enterprise Group by 67.5% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,119 shares of the utilities provider’s stock valued at $95,000 after acquiring an additional 451 shares during the last quarter. 73.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on PEG shares. BMO Capital Markets boosted their price target on Public Service Enterprise Group from $86.00 to $89.00 and gave the company a “market perform” rating in a research note on Monday, October 21st. Evercore ISI lifted 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 report on Tuesday, October 8th. UBS Group raised their price objective on shares of Public Service Enterprise Group from $94.00 to $98.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Barclays lowered Public Service Enterprise Group from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $88.00 to $84.00 in a report on Monday. Finally, 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 research note on Wednesday, October 16th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.83.

Insider Buying and Selling

In other news, SVP Richard T. Thigpen sold 5,900 shares of Public Service Enterprise Group stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $87.95, for a total value of $518,905.00. Following the transaction, the senior vice president now owns 25,829 shares of the company’s stock, valued at $2,271,660.55. The trade was a 18.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ralph A. Larossa sold 1,378 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $84.91, for a total value of $117,005.98. Following the sale, the chief executive officer now owns 144,212 shares in the company, valued at $12,245,040.92. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,234 shares of company stock worth $722,037. Corporate insiders own 0.57% of the company’s stock.

Public Service Enterprise Group Stock Up 1.8 %

Shares of NYSE:PEG traded up $1.50 during midday trading on Thursday, reaching $83.20. The company’s stock had a trading volume of 126,021 shares, compared to its average volume of 2,249,799. Public Service Enterprise Group Incorporated has a 12-month low of $57.24 and a 12-month high of $95.22. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 1.18. The firm has a 50 day moving average of $87.32 and a 200-day moving average of $85.04. The firm has a market capitalization of $41.45 billion, a P/E ratio of 20.42, a PEG ratio of 2.82 and a beta of 0.65.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Monday, November 4th. The utilities provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The company 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%. Public Service Enterprise Group’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. On average, research analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current year.

Public Service Enterprise Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Tuesday, December 10th. Public Service Enterprise Group’s dividend payout ratio is 58.97%.

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.