2 weeks Ago By Defense World Staff
Public Service Enterprise Group Incorporated ( NYSE:PEG – Get Free Report ) has been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company.
The average 1 year price target among brokerages that have covered the stock in the last year is $86.69. Several equities research analysts recently issued reports on the stock.
BMO Capital Markets lifted their price target on shares of Public Service Enterprise Group from $86.00 to $89.00 and gave the stock a “market perform” rating in a research note on Monday, October 21st.
Scotiabank upped their target price on Public Service Enterprise Group from $62.00 to $73.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th.
UBS Group lifted 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 report on Wednesday, October 30th.
Wells Fargo & Company raised their price target on Public Service Enterprise Group from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th.
Finally, Morgan Stanley increased their price target on Public Service Enterprise Group from $83.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd.
View Our Latest Stock Analysis on Public Service Enterprise Group Insiders Place Their Bets Hedge Funds Weigh In On Public Service Enterprise Group A number of hedge funds have recently added to or reduced their stakes in PEG. Envestnet Portfolio Solutions Inc. raised its holdings in Public Service Enterprise Group by 2.
5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 27,121 shares of the utilities provider’s stock valued at $1,811,000 after buying an additional 653 shares in the last quarter.
Concurrent Investment Advisors LLC raised its stake in shares of Public Service Enterprise Group by 3.2% in the 1st quarter. Concurrent Investment Advisors LLC now owns 14,012 shares of the utilities provider’s stock valued at $936,000 after acquiring an additional 439 shares in the last quarter.
Sei Investments Co. lifted its holdings in Public Service Enterprise Group by 35.7% in the 1st quarter.
Sei Investments Co. now owns 243,152 shares of the utilities provider’s stock worth $16,237,000 after purchasing an additional 63,983 shares during the last quarter. Russell Investments Group Ltd.
boosted its position in Public Service Enterprise Group by 18.7% during the first quarter. Russell Investments Group Ltd.
now owns 285,077 shares of the utilities provider’s stock worth $19,037,000 after purchasing an additional 44,981 shares during the period. Finally, Entropy Technologies LP acquired a new position in Public Service Enterprise Group during the first quarter valued at approximately $1,446,000. Institutional investors and hedge funds own 73.
34% of the company’s stock. Public Service Enterprise Group Stock Down 0.0 % PEG stock opened at $87.
00 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.
68 and a quick ratio of 0.48. The company’s 50 day simple moving average is $87.
20 and its 200-day simple moving average is $79.69. Public Service Enterprise Group has a 12 month low of $56.
85 and a 12 month high of $92.20. The firm has a market capitalization of $43.
35 billion, a PE ratio of 21.39, a P/E/G ratio of 3.17 and a beta of 0.
61. Public Service Enterprise Group ( NYSE:PEG – Get Free Report ) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.
90 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03.
The business had revenue of $2.64 billion during 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%.
The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.
85 earnings per share. Equities analysts expect that Public Service Enterprise Group will post 3.66 earnings per share for the current fiscal year.
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.
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