Banco Bilbao Vizcaya Argentaria S.A. Has $987,000 Holdings in Public Service Enterprise Group Incorporated (NYSE:PEG)

Banco Bilbao Vizcaya Argentaria S.A. trimmed its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 32.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,686 shares of the utilities provider’s stock after selling 5,569 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Public Service Enterprise Group were worth $987,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PEG. Transce3nd LLC bought a new stake in Public Service Enterprise Group during the fourth quarter worth about $25,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Public Service Enterprise Group during the fourth quarter valued at approximately $35,000. OFI Invest Asset Management bought a new stake in shares of Public Service Enterprise Group during the fourth quarter valued at approximately $39,000. Nemes Rush Group LLC bought a new stake in shares of Public Service Enterprise Group during the fourth quarter valued at approximately $53,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Public Service Enterprise Group during the fourth quarter valued at approximately $54,000. 73.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Public Service Enterprise Group

In related news, CEO Ralph A. Larossa sold 1,378 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $82.88, for a total value of $114,208.64. Following the completion of the sale, the chief executive officer now directly owns 221,670 shares in the company, valued at approximately $18,372,009.60. This trade represents a 0.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

PEG has been the topic of several research analyst reports. Morgan Stanley increased their price target on shares of Public Service Enterprise Group from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. StockNews.com upgraded shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 16th. Barclays cut their price objective on shares of Public Service Enterprise Group from $84.00 to $83.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company cut their price objective on shares of Public Service Enterprise Group from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Finally, LADENBURG THALM/SH SH lowered shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $82.50 price objective on the stock. in a report on Wednesday, March 19th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $89.35.

Public Service Enterprise Group Trading Down 0.9 %

NYSE PEG opened at $80.99 on Monday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.48 and a current ratio of 0.68. Public Service Enterprise Group Incorporated has a 52 week low of $66.57 and a 52 week high of $95.22. The stock has a market capitalization of $40.38 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 2.78 and a beta of 0.52. The stock’s 50 day moving average price is $81.62 and its two-hundred day moving average price is $85.15.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings results on Tuesday, February 25th. The utilities provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.83 by $0.01. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the firm posted $0.54 EPS. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Monday, June 9th. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently 71.19%.

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.