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

  • 9/25/2017 – Public Service Enterprise Group was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating. They now have a $50.00 price target on the stock, up previously from $46.75.
  • 9/25/2017 – 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 is also expanding its renewable assets. Further, its share price outperformed the broader industry in past one year. However, environmental issues, such as restrictions on carbon dioxide emissions and other pollutants produced by Public Service Enterprise’s fossil units, may enhance compliance-related costs for the company.”
  • 9/22/2017 – Public Service Enterprise Group was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $51.00 price target on the stock, up previously from $49.00.
  • 9/21/2017 – Public Service Enterprise Group was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $53.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 9/20/2017 – Public Service Enterprise Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $51.00 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 is also expanding its renewable assets. Further, its share price outperformed the broader industry in past one year. However, environmental issues, such as restrictions on carbon dioxide emissions and other pollutants produced by Public Service Enterprise’s fossil units, may enhance compliance-related costs for the company.”
  • 9/18/2017 – 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 is also expanding its renewable assets. Further, its share price outperformed the broader industry in past one year. However, environmental issues, such as restrictions on carbon dioxide emissions and other pollutants produced by Public Service Enterprise’s fossil units, may enhance compliance-related costs for the company.”
  • 9/14/2017 – Public Service Enterprise Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $51.00 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 is also expanding its renewable assets. Further, its share price outperformed the broader industry in past one year. However, environmental issues, such as restrictions on carbon dioxide emissions and other pollutants produced by Public Service Enterprise’s fossil units, may enhance compliance-related costs for the company.”
  • 9/8/2017 – Public Service Enterprise Group had its price target raised by analysts at Morgan Stanley from $51.00 to $53.00. They now have an “equal weight” rating on the stock.
  • 8/26/2017 – Public Service Enterprise Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/18/2017 – Public Service Enterprise Group was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/11/2017 – Public Service Enterprise Group was upgraded by analysts at Mizuho from a “neutral” rating to a “buy” rating. They now have a $50.00 price target on the stock, up previously from $44.50.
  • 8/10/2017 – Public Service Enterprise Group had its “neutral” rating reaffirmed by analysts at Citigroup Inc.. They now have a $49.00 price target on the stock, up previously from $44.00.
  • 8/10/2017 – Public Service Enterprise Group had its price target raised by analysts at Morgan Stanley from $50.00 to $51.00. They now have an “equal weight” rating on the stock.

Public Service Enterprise Group Incorporated (NYSE PEG) opened at 46.25 on Wednesday. The firm has a market capitalization of $23.40 billion, a price-to-earnings ratio of 51.97 and a beta of 0.38. The company’s 50-day moving average price is $46.39 and its 200 day moving average price is $44.76. Public Service Enterprise Group Incorporated has a 52-week low of $39.28 and a 52-week high of $47.47.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Public Service Enterprise Group had a net margin of 4.88% and a return on equity of 11.46%. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the firm posted $0.57 earnings per share. Equities analysts predict that Public Service Enterprise Group Incorporated will post $2.92 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend was Thursday, September 7th. Public Service Enterprise Group’s dividend payout ratio is currently 193.26%.

In other Public Service Enterprise Group news, Chairman Ralph Izzo sold 23,400 shares of Public Service Enterprise Group stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $45.23, for a total transaction of $1,058,382.00. Following the transaction, the chairman now directly owns 748,474 shares in the company, valued at $33,853,479.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Derek M. Dirisio sold 1,500 shares of Public Service Enterprise Group stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $47.11, for a total value of $70,665.00. The disclosure for this sale can be found here. 0.61% of the stock is 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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