Shares of Public Service Enterprise Group Inc. (NYSE:PEG) have been given an average recommendation of “Hold” by the ten research firms that are covering the firm. Three analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $45.71.

PEG has been the topic of several recent research reports. Bank of America Corp. reissued a “hold” rating and set a $46.00 price target on shares of Public Service Enterprise Group in a research report on Tuesday, May 24th. Deutsche Bank AG reissued a “hold” rating and set a $47.00 price target on shares of Public Service Enterprise Group in a research report on Wednesday, June 15th. Zacks Investment Research cut shares of Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Morgan Stanley raised shares of Public Service Enterprise Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $43.00 to $47.00 in a research report on Wednesday, July 13th. Finally, Argus lowered their price target on shares of Public Service Enterprise Group from $52.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday.

In other news, Chairman Ralph Izzo sold 43,564 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $45.76, for a total transaction of $1,993,488.64. Following the sale, the chairman now owns 729,201 shares of the company’s stock, valued at $33,368,237.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO William Levis sold 7,500 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $43.73, for a total transaction of $327,975.00. Following the sale, the chief operating officer now directly owns 156,671 shares in the company, valued at approximately $6,851,222.83. The disclosure for this sale can be found here. Insiders own 0.71% of the company’s stock.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/public-service-enterprise-group-inc-nysepeg-given-average-recommendation-of-hold-by-brokerages.html

Several hedge funds have recently modified their holdings of PEG. Bruderman Asset Management LLC raised its stake in Public Service Enterprise Group by 5.3% in the second quarter. Bruderman Asset Management LLC now owns 2,528 shares of the company’s stock worth $118,000 after buying an additional 128 shares during the last quarter. Huntington National Bank raised its stake in Public Service Enterprise Group by 10.3% in the second quarter. Huntington National Bank now owns 2,537 shares of the company’s stock worth $119,000 after buying an additional 237 shares during the last quarter. Paradigm Asset Management Co. LLC raised its stake in Public Service Enterprise Group by 10.9% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,850 shares of the company’s stock worth $133,000 after buying an additional 279 shares during the last quarter. Americafirst Capital Management LLC purchased a new stake in Public Service Enterprise Group during the second quarter worth $135,000. Finally, Global X Management Co. LLC raised its stake in Public Service Enterprise Group by 153.4% in the second quarter. Global X Management Co. LLC now owns 2,914 shares of the company’s stock worth $136,000 after buying an additional 1,764 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Public Service Enterprise Group (NYSE:PEG) traded down 0.059% on Tuesday, reaching $42.635. 1,076,813 shares of the company traded hands. Public Service Enterprise Group has a 1-year low of $36.80 and a 1-year high of $47.41. The stock has a 50 day moving average of $43.27 and a 200-day moving average of $44.94. The stock has a market capitalization of $21.57 billion, a price-to-earnings ratio of 15.392 and a beta of 0.24.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by $0.01. Public Service Enterprise Group had a net margin of 14.82% and a return on equity of 10.71%. During the same quarter last year, the firm posted $0.57 EPS. On average, equities analysts anticipate that Public Service Enterprise Group will post $2.87 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be given a dividend of $0.41 per share. The ex-dividend date is Wednesday, September 7th. This represents a $1.64 annualized dividend and a dividend yield of 3.84%. Public Service Enterprise Group’s dividend payout ratio is presently 59.21%.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated (PSEG) is an energy holding company with operations located in the Northeastern and Mid- Atlantic United States. The Company is engaged in the transmission and distribution of electricity and natural gas. The Company’s business consists of two segments, including Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (Power).

5 Day Chart for NYSE:PEG

Receive News & Ratings for Public Service Enterprise Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Service Enterprise Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.