Several analysts have recently updated their ratings and price targets for Public Service Enterprise Group (NYSE: PEG):

  • 7/17/2017 – Public Service Enterprise Group was upgraded by analysts at Wolfe Research from an “underperform” rating to a “market perform” rating.
  • 7/10/2017 – Public Service Enterprise Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Public Service Enterprise’s consistent capital-investment plans backed by a stable liquidity position have the potential to boost its performance. Moreover, Public Service Enterprise boasts a solid portfolio of regulated and non-regulated utility assets that offer stable earnings and significant long-term growth potential. Apart from focusing on transmission and distribution infrastructure, the company’s initiative to expand its renewable assets also buoys optimism. Toward this end, the notable solar initiatives that the company currently is pursuing are the Solar Loan Program and the Solar 4 All and Solar 4 All Extension programs. However, stringent environmental regulations and commodity price volatility may be a setback for the stock. Again, Public Service Enterprise's stock underperformed the Zacks categorized Utility Electric-Power industry in the last one year.”
  • 7/4/2017 – Public Service Enterprise Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $48.00 price target on the stock. According to Zacks, “Public Service Enterprise’s consistent capital-investment plans backed by a stable liquidity position have the potential to boost its performance. Moreover, Public Service Enterprise boasts a solid portfolio of regulated and non-regulated utility assets that offer stable earnings and significant long-term growth potential. Apart from focusing on transmission and distribution infrastructure, the company’s initiative to expand its renewable assets also buoys optimism.  Toward this end, the notable solar initiatives that the company currently is pursuing are the Solar Loan Program and the Solar 4 All and Solar 4 All Extension programs. However, stringent environmental regulations and commodity price volatility  may be a setback for the stock.”
  • 6/27/2017 – Public Service Enterprise Group had its “buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The).
  • 6/24/2017 – Public Service Enterprise Group was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Shares of Public Service Enterprise Group Incorporated (NYSE:PEG) opened at 43.23 on Tuesday. Public Service Enterprise Group Incorporated has a 52 week low of $39.28 and a 52 week high of $46.67. The company’s 50-day moving average is $44.08 and its 200-day moving average is $44.12. The firm has a market cap of $21.87 billion, a PE ratio of 41.57 and a beta of 0.38.

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, topping analysts’ consensus estimates of $0.84 by $0.08. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.56 billion. Public Service Enterprise Group had a net margin of 5.86% and a return on equity of 11.17%. During the same quarter in the previous year, the company posted $0.91 earnings per share. Analysts forecast that Public Service Enterprise Group Incorporated will post $2.90 EPS for the current fiscal year.

In other news, Chairman Ralph Izzo sold 30,000 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $43.82, for a total transaction of $1,314,600.00. Following the completion of the transaction, the chairman now owns 748,691 shares of the company’s stock, valued at $32,807,639.62. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Derek M. Dirisio sold 2,000 shares of the business’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $43.86, for a total transaction of $87,720.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,021 shares of company stock valued at $3,733,335. 0.61% of the stock is currently owned by corporate insiders.

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.

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