Public Service Enterprise Group Incorporated (NYSE:PEG) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday.

A number of other research analysts have also weighed in on PEG. Morgan Stanley lifted their target price on Public Service Enterprise Group from $50.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Citigroup Inc. reaffirmed a “neutral” rating and set a $49.00 target price (up previously from $44.00) on shares of Public Service Enterprise Group in a report on Thursday, August 10th. Zacks Investment Research raised Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Tuesday, August 1st. Mizuho raised Public Service Enterprise Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $44.50 to $50.00 in a report on Friday, August 11th. Finally, Wolfe Research raised Public Service Enterprise Group from an “underperform” rating to a “market perform” rating in a report on Monday, July 17th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $48.21.

Public Service Enterprise Group (NYSE PEG) traded up 0.82% during trading on Friday, hitting $46.68. 2,028,428 shares of the company traded hands. The company has a market capitalization of $23.61 billion, a P/E ratio of 52.45 and a beta of 0.38. The stock has a 50 day moving average price of $44.33 and a 200 day moving average price of $44.29. Public Service Enterprise Group has a 12-month low of $39.28 and a 12-month high of $46.95.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Friday, July 28th. The utilities provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.05. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.33 billion. Public Service Enterprise Group had a return on equity of 11.46% and a net margin of 4.88%. During the same quarter in the previous year, the firm earned $0.57 EPS. On average, equities analysts anticipate that Public Service Enterprise Group will post $2.92 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/18/public-service-enterprise-group-incorporated-peg-upgraded-to-hold-by-bidaskclub.html.

In other Public Service Enterprise Group news, Chairman Ralph Izzo sold 23,400 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $45.23, for a total value of $1,058,382.00. Following the completion of the sale, the chairman now owns 748,474 shares in the company, valued at $33,853,479.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. increased its position in shares of Public Service Enterprise Group by 19.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,314 shares of the utilities provider’s stock worth $103,000 after buying an additional 381 shares in the last quarter. Hudock Capital Group LLC increased its position in shares of Public Service Enterprise Group by 38.8% in the second quarter. Hudock Capital Group LLC now owns 2,629 shares of the utilities provider’s stock worth $113,000 after buying an additional 735 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Public Service Enterprise Group by 0.8% in the first quarter. Parallel Advisors LLC now owns 2,615 shares of the utilities provider’s stock worth $114,000 after buying an additional 20 shares in the last quarter. Vantage Investment Advisors LLC increased its position in shares of Public Service Enterprise Group by 35.3% in the second quarter. Vantage Investment Advisors LLC now owns 2,685 shares of the utilities provider’s stock worth $115,000 after buying an additional 700 shares in the last quarter. Finally, Kistler Tiffany Companies LLC increased its position in shares of Public Service Enterprise Group by 3.8% in the first quarter. Kistler Tiffany Companies LLC now owns 2,684 shares of the utilities provider’s stock worth $119,000 after buying an additional 99 shares in the last quarter. Institutional investors own 66.32% of the company’s stock.

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.

Analyst Recommendations for Public Service Enterprise Group (NYSE:PEG)

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