2 weeks Ago By ABMN Staff
Public Service Enterprise Group ( NYSE:PEG – Get Free Report ) had its target price upped by analysts at Bank of America from $84.00 to $88.00 in a research report issued on Thursday, Benzinga reports.
The firm currently has a “buy” rating on the utilities provider’s stock. Bank of America ‘s price objective suggests a potential upside of 8.98% from the stock’s previous close.
Other research analysts have also recently issued research reports about the stock. BMO Capital Markets boosted their price objective on shares of Public Service Enterprise Group from $78.00 to $86.
00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. Royal Bank of Canada boosted their price objective on shares of Public Service Enterprise Group from $80.00 to $84.
00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Guggenheim upgraded shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Monday, June 17th.
Barclays boosted their price objective on shares of Public Service Enterprise Group from $71.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th.
Finally, Scotiabank upped their price target on shares of Public Service Enterprise Group from $62.00 to $73.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th.
One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Public Service Enterprise Group has a consensus rating of “Moderate Buy” and a consensus target price of $77.
33. Get Our Latest Research Report on Public Service Enterprise Group Public Service Enterprise Group Price Performance Public Service Enterprise Group ( NYSE:PEG – Get Free Report ) last released its quarterly earnings results on Tuesday, July 30th. The utilities provider reported $0.
63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01).
Public Service Enterprise Group had a net margin of 16.12% and a return on equity of 10.72%.
The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.03 billion.
During the same period in the previous year, the company earned $0.70 EPS. Public Service Enterprise Group’s revenue for the quarter was up .
1% compared to the same quarter last year. Sell-side analysts forecast that Public Service Enterprise Group will post 3.68 EPS for the current fiscal year.
Insiders Place Their Bets In other Public Service Enterprise Group news, EVP Tamara Louise Linde sold 19,127 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 67,524 shares in the company, valued at approximately $5,419,476.24.
The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . 0.57% of the stock is owned by company insiders.
Institutional Trading of Public Service Enterprise Group Several hedge funds have recently modified their holdings of PEG. Norges Bank purchased a new stake in shares of Public Service Enterprise Group during the fourth quarter valued at about $215,074,000. Raymond James & Associates lifted its position in shares of Public Service Enterprise Group by 315.
2% during the second quarter. Raymond James & Associates now owns 2,206,101 shares of the utilities provider’s stock valued at $162,590,000 after buying an additional 1,674,827 shares during the last quarter. Sound Shore Management Inc.
CT purchased a new stake in shares of Public Service Enterprise Group during the second quarter valued at about $71,298,000. Hsbc Holdings PLC lifted its position in shares of Public Service Enterprise Group by 43.2% during the second quarter.
Hsbc Holdings PLC now owns 2,426,170 shares of the utilities provider’s stock valued at $178,763,000 after buying an additional 732,443 shares during the last quarter. Finally, Reaves W H & Co. Inc.
lifted its position in shares of Public Service Enterprise Group by 73.9% during the first quarter. Reaves W H & Co.
Inc. now owns 1,572,001 shares of the utilities provider’s stock valued at $104,978,000 after buying an additional 667,773 shares during the last quarter. 73.
34% of the stock is owned by hedge funds and other institutional investors. About Public Service Enterprise Group ( Get Free Report ) 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. Read More 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 .
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