Shares of Public Service Enterprise Group Inc. (NYSE:PEG) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are covering the firm. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $46.00.

PEG has been the topic of a number of recent analyst reports. Royal Bank of Canada decreased their price objective on Public Service Enterprise Group from $48.00 to $47.00 and set a “sector perform” rating on the stock in a report on Friday, March 10th. Wells Fargo & Co cut Public Service Enterprise Group from an “outperform” rating to a “market perform” rating in a report on Monday, February 27th. Jefferies Group LLC reiterated a “hold” rating and issued a $46.50 price objective (up from $43.50) on shares of Public Service Enterprise Group in a report on Monday, February 27th. Deutsche Bank AG decreased their price objective on Public Service Enterprise Group from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, April 11th. Finally, Barclays PLC decreased their price objective on Public Service Enterprise Group from $49.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 4th.

In related news, COO William Levis sold 30,000 shares of Public Service Enterprise Group stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $44.40, for a total transaction of $1,332,000.00. Following the sale, the chief operating officer now directly owns 133,904 shares in the company, valued at $5,945,337.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Derek M. Dirisio sold 2,000 shares of Public Service Enterprise Group stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $43.86, for a total value of $87,720.00. The disclosure for this sale can be found here. Insiders have sold 116,021 shares of company stock worth $5,104,635 over the last 90 days. 0.71% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in PEG. BlackRock Inc. increased its stake in Public Service Enterprise Group by 4,031.7% in the first quarter. BlackRock Inc. now owns 48,379,255 shares of the utilities provider’s stock valued at $2,145,620,000 after buying an additional 47,208,334 shares during the period. Vanguard Group Inc. increased its stake in Public Service Enterprise Group by 3.4% in the first quarter. Vanguard Group Inc. now owns 35,042,083 shares of the utilities provider’s stock valued at $1,554,116,000 after buying an additional 1,144,077 shares during the period. State Street Corp increased its stake in Public Service Enterprise Group by 1.2% in the first quarter. State Street Corp now owns 27,076,299 shares of the utilities provider’s stock valued at $1,200,831,000 after buying an additional 319,134 shares during the period. LSV Asset Management increased its stake in Public Service Enterprise Group by 1.5% in the first quarter. LSV Asset Management now owns 13,768,759 shares of the utilities provider’s stock valued at $610,644,000 after buying an additional 207,819 shares during the period. Finally, AQR Capital Management LLC increased its stake in Public Service Enterprise Group by 6.1% in the fourth quarter. AQR Capital Management LLC now owns 9,408,592 shares of the utilities provider’s stock valued at $412,849,000 after buying an additional 543,296 shares during the period. Institutional investors own 63.26% of the company’s stock.

Shares of Public Service Enterprise Group (NYSE:PEG) opened at 44.54 on Friday. Public Service Enterprise Group has a 1-year low of $39.28 and a 1-year high of $46.81. The company has a market capitalization of $22.53 billion, a price-to-earnings ratio of 42.83 and a beta of 0.33. The stock has a 50 day moving average price of $44.18 and a 200 day moving average price of $43.60.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings data on Friday, April 28th. The utilities provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. Public Service Enterprise Group had a return on equity of 10.91% and a net margin of 13.99%. The firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the firm posted $0.91 earnings per share. On average, equities analysts anticipate that Public Service Enterprise Group will post $2.90 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 9th will be given a dividend of $0.43 per share. The ex-dividend date is Wednesday, June 7th. This represents a $1.72 annualized dividend and a dividend yield of 3.86%. Public Service Enterprise Group’s dividend payout ratio is presently 64.57%.

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About Public Service Enterprise Group

Public Service Enterprise Group Incorporated (PSEG) is a holding company. The Company is an energy company with operations located primarily in the Northeastern and Mid-Atlantic United States. The Company’s segments include Public Service Electric and Gas Company (PSE&G), PSEG Power LLC (Power) and Other.

12 Month Chart for NYSE:PEG

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