1 week Ago By Defense World Staff
Public Service Enterprise Group Incorporated ( NYSE:PEG – Get Free Report ) has received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company.
The average 12 month price target among brokerages that have issued a report on the stock in the last year is $89.17. PEG has been the topic of a number of analyst reports.
Scotiabank raised their target price on Public Service Enterprise Group from $73.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th.
Evercore ISI boosted their price objective on 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.
Wells Fargo & Company increased their target price on Public Service Enterprise Group from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th.
BMO Capital Markets boosted 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 report on Monday, October 21st.
Finally, UBS Group increased 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 report on Wednesday, October 30th.
Get Our Latest Report on PEG Public Service Enterprise Group Stock Down 0.1 % Public Service Enterprise Group ( NYSE:PEG – Get Free Report ) last posted its earnings results on Monday, November 4th. The utilities provider reported $0.
90 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.03.
Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%.
The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.44 billion.
During the same period in the previous year, the firm earned $0.85 EPS. The business’s quarterly revenue was up 7.
6% on a year-over-year basis. As a group, sell-side analysts expect that Public Service Enterprise Group will post 3.67 EPS for the current year.
Public Service Enterprise Group Announces Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were issued a $0.60 dividend.
The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.
73%. Public Service Enterprise Group’s dividend payout ratio is presently 58.97%.
Insider Buying and Selling In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,378 shares of Public Service Enterprise Group stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $84.
91, for a total transaction of $117,005.98. Following the transaction, the chief executive officer now directly owns 144,212 shares of the company’s stock, valued at $12,245,040.
92. The trade was a 0.95 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website . Also, COO Kim C. Hanemann sold 956 shares of the stock in a transaction that occurred on Tuesday, November 19th.
The shares were sold at an average price of $90.09, for a total transaction of $86,126.04.
Following the completion of the sale, the chief operating officer now directly owns 70,011 shares of the company’s stock, valued at approximately $6,307,290.99. This trade represents a 1.
35 % decrease in their position. The disclosure for this sale can be found here . Over the last 90 days, insiders have sold 8,234 shares of company stock worth $722,037.
0.57% of the stock is owned by corporate insiders. Institutional Investors Weigh In On Public Service Enterprise Group Institutional investors and hedge funds have recently added to or reduced their stakes in the business.
Old Port Advisors raised its position in Public Service Enterprise Group by 0.5% in the third quarter. Old Port Advisors now owns 23,527 shares of the utilities provider’s stock valued at $2,099,000 after purchasing an additional 113 shares during the period.
Smallwood Wealth Investment Management LLC lifted its stake in Public Service Enterprise Group by 1.3% during the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 9,267 shares of the utilities provider’s stock worth $827,000 after acquiring an additional 115 shares in the last quarter.
Spire Wealth Management boosted its holdings in Public Service Enterprise Group by 2.4% during the 4th quarter. Spire Wealth Management now owns 5,207 shares of the utilities provider’s stock valued at $440,000 after acquiring an additional 121 shares during the period.
First Commonwealth Financial Corp PA grew its position in Public Service Enterprise Group by 1.3% in the 3rd quarter. First Commonwealth Financial Corp PA now owns 9,444 shares of the utilities provider’s stock valued at $842,000 after acquiring an additional 123 shares in the last quarter.
Finally, Cigna Investments Inc. New increased its stake in Public Service Enterprise Group by 2.5% during the third quarter.
Cigna Investments Inc. New now owns 5,053 shares of the utilities provider’s stock worth $451,000 after purchasing an additional 124 shares during the period. Hedge funds and other institutional investors own 73.
34% of the company’s stock. Public Service Enterprise Group Company Profile ( 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. Featured Stories Five stocks we like better than Public Service Enterprise Group Quiet Period Expirations Explained Bloom Energy: Powering the Future With Decentralized Energy Learn Technical Analysis Skills to Master the Stock Market Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul What is a Stock Market Index and How Do You Use Them? Why Traders Are Buying the Dip on Johnson & Johnson Stock 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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