Public Service Enterprise Group Receives Consensus Rating of “Hold” from Brokerages (NYSE:PEG)
Public Service Enterprise Group (NYSE:PEG) has been given an average rating of “Hold” by the thirteen analysts that are presently covering the stock, ARN reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $38.80.
Public Service Enterprise Group (NYSE:PEG) opened at 37.17 on Tuesday. Public Service Enterprise Group has a 52 week low of $31.03 and a 52 week high of $41.38. The stock’s 50-day moving average is $38.96 and its 200-day moving average is $35.12. The company has a market cap of $18.805 billion and a P/E ratio of 14.41.
Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Thursday, May 1st. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.05. During the same quarter in the previous year, the company posted $0.85 earnings per share. Analysts expect that Public Service Enterprise Group will post $2.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Wednesday, June 4th.
A number of analysts have recently weighed in on PEG shares. Analysts at Ned Davis Research upgraded shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Separately, analysts at Wells Fargo & Co. upgraded shares of Public Service Enterprise Group from a “market perform” rating to an “outperform” rating in a research note on Monday, May 12th. They noted that the move was a valuation call. Finally, analysts at RBS downgraded shares of Public Service Enterprise Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, May 2nd. They now have a $39.00 price target on the stock. They noted that the move was a valuation call.
Public Service Enterprise Group Incorporated (NYSE:PEG) is an energy company.
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