Public Service Enterprise Group Inc. (NYSE:PEG) had its price objective hoisted by research analysts at Barclays PLC from $47.00 to $50.00 in a research report issued on Thursday. The firm presently has an “equal weight” rating on the stock. Barclays PLC’s price target indicates a potential upside of 14.60% from the company’s previous close.

PEG has been the subject of several other reports. Deutsche Bank AG reiterated a “hold” rating and issued a $47.00 price target on shares of Public Service Enterprise Group in a report on Wednesday, June 15th. Bank of America Corp. downgraded Public Service Enterprise Group from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $46.00 to $41.00 in a report on Tuesday, June 7th. Argus dropped their price objective on Public Service Enterprise Group from $52.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday. Zacks Investment Research downgraded Public Service Enterprise Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Finally, Morgan Stanley upgraded Public Service Enterprise Group from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $43.00 to $47.00 in a report on Wednesday, July 13th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $46.75.

Shares of Public Service Enterprise Group (NYSE:PEG) opened at 43.63 on Thursday. Public Service Enterprise Group has a 1-year low of $36.80 and a 1-year high of $47.41. The firm has a 50-day moving average price of $43.14 and a 200-day moving average price of $44.92. The firm has a market capitalization of $22.07 billion, a PE ratio of 15.75 and a beta of 0.24.

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Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ 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 period last year, the company earned $0.57 earnings per share. On average, analysts forecast that Public Service Enterprise Group will post $2.87 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be given a $0.41 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $1.64 dividend on an annualized basis and a yield of 3.76%. Public Service Enterprise Group’s payout ratio is currently 59.21%.

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 transaction, 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 is accessible 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 transaction, 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. 0.71% of the stock is currently owned by company insiders.

Several institutional investors 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 valued at $118,000 after buying an additional 128 shares during the period. 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 valued at $119,000 after buying an additional 237 shares during the period. 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 valued at $133,000 after buying an additional 279 shares during the period. Americafirst Capital Management LLC acquired a new stake in Public Service Enterprise Group during the second quarter valued at $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 valued at $136,000 after buying an additional 1,764 shares during the period. 66.37% of the stock is currently owned by institutional investors and hedge funds.

About Public Service Enterprise Group

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).

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