Public Service Enterprise Group Downgraded by Jefferies Group to “Hold” (PEG)
Public Service Enterprise Group (NYSE:PEG) was downgraded by research analysts at Jefferies Group from a “buy” rating to a “hold” rating in a report released on Friday, TheFlyOnTheWall.com reports. They currently have a $38.50 price objective on the stock, up from their previous price objective of $36.00. Jefferies Group’s price objective points to a potential upside of 5.25% from the company’s current price.
Public Service Enterprise Group (NYSE:PEG) opened at 36.58 on Friday. Public Service Enterprise Group has a 52-week low of $31.03 and a 52-week high of $37.34. The stock has a 50-day moving average of $33.11 and a 200-day moving average of $33.01. The company has a market cap of $18.504 billion and a P/E ratio of 14.61.
Public Service Enterprise Group (NYSE:PEG) last released its earnings data on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. On average, analysts predict that Public Service Enterprise Group will post $2.47 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date is Wednesday, March 5th. This is an increase from Public Service Enterprise Group’s previous quarterly dividend of $0.36.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Public Service Enterprise Group in a research note on Tuesday, February 11th. They now have a $36.00 price target on the stock. Analysts at Citigroup Inc. upgraded shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $35.65.
Public Service Enterprise Group Incorporated (NYSE:PEG) is an energy company.
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