Public Service Enterprise Group Receives Consensus Rating of “Hold” from Analysts (NYSE:PEG)
Public Service Enterprise Group (NYSE:PEG) has earned a consensus rating of “Hold” from the fourteen brokerages that are presently covering the stock, StockRatingsNetwork reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $39.67.
A number of analysts have recently weighed in on PEG shares. Analysts at Zacks reiterated a “neutral” rating on shares of Public Service Enterprise Group in a research note on Thursday, July 31st. They now have a $38.00 price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Public Service Enterprise Group from $44.00 to $41.00 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Public Service Enterprise Group in a research note on Wednesday, July 23rd. They now have a $50.00 price target on the stock, up previously from $44.00.
Shares of Public Service Enterprise Group (NYSE:PEG) opened at 35.50 on Monday. Public Service Enterprise Group has a one year low of $31.25 and a one year high of $41.38. The stock’s 50-day moving average is $37.19 and its 200-day moving average is $37.31. The company has a market cap of $17.959 billion and a P/E ratio of 15.07.
Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.49 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.51 by $0.02. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the company posted $0.48 earnings per share. Public Service Enterprise Group’s revenue was down 2.6% compared to the same quarter last year. On average, analysts predict that Public Service Enterprise Group will post $2.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Saturday, September 6th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Wednesday, September 3rd.
Public Service Enterprise Group Incorporated (NYSE:PEG) is an energy company.
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